World Asset Management Inc raised its holdings in Dollar General Corp. (NYSE:DG) by 10.9% during the second quarter, HoldingsChannel.com reports. The firm owned 19,379 shares of the company’s stock after buying an additional 1,901 shares during the period. World Asset Management Inc’s holdings in Dollar General were worth $1,911,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. increased its stake in Dollar General by 2.3% in the first quarter. BlackRock Inc. now owns 19,303,172 shares of the company’s stock valued at $1,805,813,000 after purchasing an additional 425,173 shares during the period. Fiduciary Management Inc. WI increased its stake in Dollar General by 1.2% in the first quarter. Fiduciary Management Inc. WI now owns 6,863,456 shares of the company’s stock valued at $642,076,000 after purchasing an additional 84,418 shares during the period. Polen Capital Management LLC increased its stake in Dollar General by 35.7% in the first quarter. Polen Capital Management LLC now owns 6,756,945 shares of the company’s stock valued at $632,112,000 after purchasing an additional 1,779,432 shares during the period. Northern Trust Corp increased its stake in Dollar General by 0.9% in the first quarter. Northern Trust Corp now owns 3,774,084 shares of the company’s stock valued at $353,066,000 after purchasing an additional 34,828 shares during the period. Finally, Summit Trail Advisors LLC increased its stake in Dollar General by 8,228.6% in the first quarter. Summit Trail Advisors LLC now owns 3,050,695 shares of the company’s stock valued at $3,051,000 after purchasing an additional 3,014,066 shares during the period. Institutional investors own 91.74% of the company’s stock.
A number of research analysts have commented on DG shares. Barclays dropped their price objective on shares of Dollar General from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Friday, June 1st. Telsey Advisory Group lowered their target price on shares of Dollar General from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, June 1st. Moffett Nathanson downgraded shares of Dollar General from a “neutral” rating to a “sell” rating in a report on Friday, May 11th. Raymond James reaffirmed an “outperform” rating and issued a $105.00 target price (down previously from $110.00) on shares of Dollar General in a report on Monday, April 16th. Finally, ValuEngine raised shares of Dollar General from a “hold” rating to a “buy” rating in a report on Wednesday, April 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $96.73.
In related news, Director Timothy I. Mcguire acquired 2,275 shares of the firm’s stock in a transaction that occurred on Friday, June 1st. The shares were purchased at an average price of $88.06 per share, with a total value of $200,336.50. Following the completion of the acquisition, the director now owns 3,834 shares in the company, valued at $337,622.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert D. Ravener sold 10,000 shares of the business’s stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $100.03, for a total transaction of $1,000,300.00. Following the sale, the executive vice president now directly owns 38,307 shares in the company, valued at approximately $3,831,849.21. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.
DG stock opened at $98.17 on Friday. The stock has a market cap of $26.27 billion, a P/E ratio of 21.86, a P/E/G ratio of 1.09 and a beta of 0.95. Dollar General Corp. has a 52 week low of $70.30 and a 52 week high of $105.82. The company has a current ratio of 1.65, a quick ratio of 0.23 and a debt-to-equity ratio of 0.46.
Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, May 31st. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.04). The company had revenue of $6.11 billion for the quarter, compared to analysts’ expectations of $6.18 billion. Dollar General had a return on equity of 22.40% and a net margin of 6.77%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 EPS. equities analysts predict that Dollar General Corp. will post 6.06 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 24th. Investors of record on Tuesday, July 10th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Monday, July 9th. Dollar General’s dividend payout ratio is currently 25.84%.
Dollar General Company Profile
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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