Hudson Valley Investment Advisors Inc. ADV lifted its position in Dollar General Corp. (NYSE:DG) by 15.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,322 shares of the company’s stock after purchasing an additional 2,445 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Dollar General were worth $2,003,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Community Bank N.A. grew its holdings in Dollar General by 240.2% during the second quarter. Community Bank N.A. now owns 1,657 shares of the company’s stock worth $164,000 after acquiring an additional 1,170 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Dollar General by 50.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,784 shares of the company’s stock worth $176,000 after acquiring an additional 596 shares during the period. Visionary Asset Management Inc. acquired a new stake in Dollar General during the third quarter worth about $221,000. Checchi Capital Advisers LLC acquired a new stake in Dollar General during the second quarter worth about $205,000. Finally, Iberiabank Corp acquired a new stake in Dollar General during the third quarter worth about $231,000. Hedge funds and other institutional investors own 95.00% of the company’s stock.
DG traded up $3.03 during trading on Friday, hitting $104.99. The company’s stock had a trading volume of 156,330 shares, compared to its average volume of 2,488,617. The company has a current ratio of 1.55, a quick ratio of 0.21 and a debt-to-equity ratio of 0.44. Dollar General Corp. has a twelve month low of $79.79 and a twelve month high of $112.59. The firm has a market cap of $29.02 billion, a P/E ratio of 23.29, a PEG ratio of 1.32 and a beta of 0.93.
Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, August 30th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.49 by $0.03. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period last year, the company earned $1.10 earnings per share. Dollar General’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts forecast that Dollar General Corp. will post 6.1 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 23rd. Shareholders of record on Tuesday, October 9th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, October 5th. Dollar General’s payout ratio is currently 25.84%.
Several research firms recently commented on DG. Zacks Investment Research lowered Dollar General from a “buy” rating to a “hold” rating in a report on Monday, August 20th. Buckingham Research raised their target price on Dollar General from $95.00 to $107.00 and gave the stock 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 raised 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 raised 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, nine have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $105.30.
In other news, EVP Robert D. Ravener sold 22,440 shares of Dollar General stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $111.49, for a total value of $2,501,835.60. Following the sale, the executive vice president now directly owns 50,747 shares of the company’s stock, valued at $5,657,783.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by company insiders.
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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