Laurion Capital Management LP lessened its position in Dollar General Corp. (NYSE:DG) by 96.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,717 shares of the company’s stock after selling 622,972 shares during the quarter. Laurion Capital Management LP’s holdings in Dollar General were worth $2,339,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Community Bank N.A. increased its stake in Dollar General by 240.2% in the 2nd quarter. Community Bank N.A. now owns 1,657 shares of the company’s stock worth $164,000 after buying an additional 1,170 shares during the period. Steward Partners Investment Advisory LLC increased its position in Dollar General by 50.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,784 shares of the company’s stock valued at $176,000 after purchasing an additional 596 shares during the period. D.A. Davidson & CO. purchased a new position in Dollar General during the 1st quarter valued at about $202,000. Checchi Capital Advisers LLC purchased a new position in Dollar General during the 2nd quarter valued at about $205,000. Finally, Peapack Gladstone Financial Corp purchased a new position in Dollar General during the 1st quarter valued at about $209,000. Hedge funds and other institutional investors own 94.99% of the company’s stock.
DG stock opened at $110.82 on Monday. The company has a market capitalization of $29.43 billion, a P/E ratio of 24.68, a P/E/G ratio of 1.34 and a beta of 0.94. The company has a quick ratio of 0.21, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. Dollar General Corp. has a 52 week low of $74.32 and a 52 week high of $112.31.
Dollar General (NYSE:DG) last released its earnings results on Thursday, August 30th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The company had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Dollar General had a net margin of 7.06% and a return on equity of 23.51%. Dollar General’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. equities research analysts forecast that Dollar General Corp. will post 6.09 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 23rd. Investors of record on Tuesday, October 9th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Friday, October 5th. Dollar General’s dividend payout ratio (DPR) is presently 25.84%.
In related news, EVP Robert D. Ravener sold 10,000 shares of Dollar General stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $100.03, for a total value of $1,000,300.00. Following the completion of the sale, the executive vice president now directly owns 38,307 shares in the company, valued at approximately $3,831,849.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is owned by company insiders.
A number of research firms have recently weighed in on DG. Citigroup began coverage on shares of Dollar General in a report on Friday, July 6th. They issued a “buy” rating on the stock. Gordon Haskett upgraded shares of Dollar General from an “accumulate” rating to a “buy” rating and raised their price target for the company from $65.97 to $67.00 in a report on Monday, June 4th. Zacks Investment Research upgraded shares of Dollar General from a “sell” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Tuesday, August 14th. ValuEngine upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a report on Saturday, August 18th. Finally, Guggenheim restated a “buy” rating and issued a $115.00 price target on shares of Dollar General in a report on Monday, August 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $103.33.
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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