Renaissance Technologies LLC Raises Position in Dollar General Corp. (DG)

Renaissance Technologies LLC boosted its position in shares of Dollar General Corp. (NYSE:DG) by 9.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,080,600 shares of the company’s stock after buying an additional 91,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Dollar General were worth $118,110,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. SRS Capital Advisors Inc. acquired a new stake in Dollar General during the third quarter valued at approximately $107,000. HighPoint Advisor Group LLC acquired a new stake in Dollar General during the third quarter valued at approximately $173,000. Financial Counselors Inc. acquired a new stake in Dollar General during the third quarter valued at approximately $201,000. Synovus Financial Corp boosted its holdings in Dollar General by 73.2% during the third quarter. Synovus Financial Corp now owns 1,826 shares of the company’s stock valued at $201,000 after purchasing an additional 772 shares in the last quarter. Finally, Gratus Capital LLC acquired a new stake in Dollar General during the third quarter valued at approximately $202,000. Hedge funds and other institutional investors own 94.23% of the company’s stock.

Shares of DG opened at $102.70 on Friday. The company has a market capitalization of $28.04 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.25 and a beta of 0.84. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.21 and a current ratio of 1.55. Dollar General Corp. has a one year low of $85.54 and a one year high of $118.45.

Dollar General (NYSE:DG) last announced its earnings results on Tuesday, December 4th. The company reported $1.26 EPS for the quarter, hitting the consensus estimate of $1.26. The business had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.38 billion. Dollar General had a return on equity of 24.03% and a net margin of 7.24%. Dollar General’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. On average, sell-side analysts expect that Dollar General Corp. will post 6 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 8th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Monday, January 7th. Dollar General’s dividend payout ratio is 25.84%.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Dollar General from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. Buckingham Research lifted their price objective on Dollar General from $95.00 to $107.00 and gave the company a “neutral” rating in a report on Monday, August 27th. Credit Suisse Group set a $108.00 target price on Dollar General and gave the stock a “hold” rating in a report on Sunday, September 2nd. Wells Fargo & Co boosted their target price on Dollar General from $113.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, August 29th. Finally, MKM Partners boosted their target price on Dollar General to $117.00 and gave the stock a “buy” rating in a report on Tuesday, August 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $107.26.

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Dollar General 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.

Read More: Return on Equity (ROE)

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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