Lateef Investment Management L.P. trimmed its stake in shares of Dollar General Corp. (NYSE:DG) by 54.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 240,596 shares of the company’s stock after selling 286,491 shares during the quarter. Dollar General comprises 2.1% of Lateef Investment Management L.P.’s portfolio, making the stock its 22nd largest position. Lateef Investment Management L.P. owned approximately 0.09% of Dollar General worth $22,378,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in DG. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Dollar General by 168.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock worth $1,314,516,000 after purchasing an additional 10,167,321 shares during the period. Orbis Allan Gray Ltd acquired a new stake in shares of Dollar General during the 4th quarter worth approximately $194,984,000. Capital International Investors raised its position in shares of Dollar General by 14.0% during the 3rd quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock worth $520,989,000 after purchasing an additional 791,600 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in Dollar General by 39.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,942,230 shares of the company’s stock valued at $180,646,000 after acquiring an additional 553,461 shares during the period. Finally, Jackson Square Partners LLC increased its position in Dollar General by 12.3% in the 3rd quarter. Jackson Square Partners LLC now owns 3,785,080 shares of the company’s stock valued at $306,780,000 after acquiring an additional 415,584 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.
Several research firms recently commented on DG. JPMorgan Chase & Co. restated a “neutral” rating and issued a $103.00 target price (up from $94.00) on shares of Dollar General in a research report on Thursday, February 22nd. ValuEngine cut Dollar General from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Argus restated a “hold” rating on shares of Dollar General in a research report on Thursday, February 8th. They noted that the move was a valuation call. UBS Group restated a “buy” rating and issued a $99.00 target price (up from $85.00) on shares of Dollar General in a research report on Monday, December 4th. Finally, Buckingham Research restated a “neutral” rating and issued a $98.00 target price (up from $93.00) on shares of Dollar General in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Dollar General has an average rating of “Buy” and an average price target of $92.26.
Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.01). Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same quarter last year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. sell-side analysts predict that Dollar General Corp. will post 4.52 earnings per share for the current year.
In other news, EVP Robert D. Ravener sold 11,368 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the completion of the sale, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at approximately $2,097,320.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Anita C. Elliott sold 2,012 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $92.82, for a total value of $186,753.84. Following the sale, the senior vice president now directly owns 14,969 shares of the company’s stock, valued at $1,389,422.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,916 shares of company stock valued at $1,924,881. Corporate insiders own 0.32% of the company’s stock.
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Dollar General Company 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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