Marathon Partners Equity Management LLC lifted its position in Dollar General Corp. (NYSE:DG) by 5.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 105,000 shares of the company’s stock after buying an additional 5,000 shares during the period. Dollar General makes up 3.7% of Marathon Partners Equity Management LLC’s holdings, making the stock its 11th largest position. Marathon Partners Equity Management LLC’s holdings in Dollar General were worth $8,510,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sun Life Financial INC raised its position in shares of Dollar General by 18,170.0% during the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after purchasing an additional 1,817 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Dollar General by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after purchasing an additional 48 shares during the period. Harbour Capital Advisors LLC raised its position in shares of Dollar General by 7,109.3% during the second quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock worth $150,000 after purchasing an additional 10,664 shares during the period. Welch Group LLC raised its position in shares of Dollar General by 27.1% during the second quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after purchasing an additional 483 shares during the period. Finally, Meeder Asset Management Inc. raised its position in shares of Dollar General by 22,950.0% during the third quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock worth $187,000 after purchasing an additional 2,295 shares during the period. 89.90% of the stock is currently owned by institutional investors.
A number of research analysts have recently weighed in on DG shares. Zacks Investment Research upgraded Dollar General from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Monday, August 28th. Deutsche Bank reiterated a “hold” rating and set a $79.00 price target on shares of Dollar General in a report on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $85.00 price target on shares of Dollar General in a report on Tuesday, October 10th. Citigroup lifted their price target on Dollar General from $87.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 13th. Finally, Raymond James Financial reiterated a “buy” rating on shares of Dollar General in a report on Sunday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $82.93.
In other news, EVP Robert D. Ravener sold 11,257 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. Following the completion of the sale, the executive vice president now owns 22,598 shares in the company, valued at approximately $1,740,046. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.22% of the company’s stock.
Shares of Dollar General Corp. (NYSE:DG) traded up $0.48 during midday trading on Thursday, reaching $90.85. The company’s stock had a trading volume of 3,743,000 shares, compared to its average volume of 2,845,262. The company has a quick ratio of 0.18, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. Dollar General Corp. has a 1 year low of $65.97 and a 1 year high of $92.11. The stock has a market capitalization of $24,694.42, a P/E ratio of 20.04, a P/E/G ratio of 1.78 and a beta of 0.96.
Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). The firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General had a net margin of 5.38% and a return on equity of 22.67%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 EPS. equities research analysts forecast that Dollar General Corp. will post 4.5 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.14%. Dollar General’s dividend payout ratio (DPR) is presently 23.48%.
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Dollar General Profile
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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