Avantax Advisory Services Inc. lifted its holdings in Dollar General Corp. (NYSE:DG) by 276.1% during the third quarter, Holdings Channel reports. The institutional investor owned 8,895 shares of the company’s stock after acquiring an additional 6,530 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Dollar General were worth $1,863,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Dollar General by 22.3% during the 2nd quarter. FMR LLC now owns 9,791,830 shares of the company’s stock valued at $1,865,441,000 after acquiring an additional 1,785,155 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in shares of Dollar General by 398,765.3% in the 1st quarter. 1832 Asset Management L.P. now owns 977,220 shares of the company’s stock worth $144,431,000 after purchasing an additional 976,975 shares during the period. Prudential Financial Inc. raised its stake in Dollar General by 195.7% during the 2nd quarter. Prudential Financial Inc. now owns 901,604 shares of the company’s stock worth $171,765,000 after acquiring an additional 596,683 shares during the period. Man Group plc raised its stake in Dollar General by 141.1% during the 2nd quarter. Man Group plc now owns 881,757 shares of the company’s stock worth $167,983,000 after acquiring an additional 516,031 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Dollar General by 123.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 591,058 shares of the company’s stock valued at $112,604,000 after buying an additional 326,893 shares during the last quarter. 91.08% of the stock is currently owned by hedge funds and other institutional investors.
DG stock opened at $221.71 on Friday. The stock has a 50-day moving average price of $206.83 and a two-hundred day moving average price of $190.13. Dollar General Corp. has a 12-month low of $125.00 and a 12-month high of $224.82. The company has a current ratio of 1.40, a quick ratio of 0.59 and a debt-to-equity ratio of 0.56. The company has a market cap of $55.21 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 1.99 and a beta of 0.46.
Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 27th. The company reported $3.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.68. The company had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.35 billion. Dollar General had a return on equity of 33.51% and a net margin of 7.48%. The company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.74 earnings per share. Equities analysts forecast that Dollar General Corp. will post 10 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Monday, October 5th. Dollar General’s payout ratio is 21.40%.
In other Dollar General news, CAO Anita C. Elliott sold 8,470 shares of the stock in a transaction on Monday, September 28th. The stock was sold at an average price of $209.80, for a total transaction of $1,777,006.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,968 shares of the company’s stock, valued at approximately $4,399,086.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Todd J. Vasos sold 37,237 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $200.07, for a total value of $7,450,006.59. Following the sale, the chief executive officer now directly owns 301,879 shares of the company’s stock, valued at $60,396,931.53. The disclosure for this sale can be found here. Insiders have sold a total of 99,435 shares of company stock worth $19,984,494 over the last quarter. Insiders own 0.72% of the company’s stock.
A number of research analysts recently weighed in on DG shares. JPMorgan Chase & Co. raised their target price on shares of Dollar General from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, September 18th. Royal Bank of Canada lifted their target price on Dollar General from $216.00 to $236.00 in a research report on Friday, August 28th. Wolfe Research assumed coverage on Dollar General in a report on Friday, October 9th. They issued an “outperform” rating and a $250.00 price objective for the company. Credit Suisse Group restated a “neutral” rating and issued a $182.00 price objective on shares of Dollar General in a report on Wednesday, August 5th. Finally, KeyCorp boosted their target price on shares of Dollar General from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, August 31st. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $215.27.
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.
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