Achmea Investment Management B.V. lifted its holdings in shares of Dollar General Corp. (NYSE:DG) by 17.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,522 shares of the company’s stock after acquiring an additional 7,975 shares during the quarter. Achmea Investment Management B.V.’s holdings in Dollar General were worth $5,736,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Polen Capital Management LLC boosted its stake in shares of Dollar General by 3.8% during the 2nd quarter. Polen Capital Management LLC now owns 7,012,185 shares of the company’s stock worth $691,401,000 after acquiring an additional 255,240 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in Dollar General by 12.4% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,450,172 shares of the company’s stock valued at $635,987,000 after purchasing an additional 711,483 shares during the period. FMR LLC boosted its stake in Dollar General by 10.5% in the 2nd quarter. FMR LLC now owns 5,506,743 shares of the company’s stock valued at $542,965,000 after purchasing an additional 523,870 shares during the period. Northern Trust Corp boosted its stake in Dollar General by 4.0% in the 2nd quarter. Northern Trust Corp now owns 3,926,023 shares of the company’s stock valued at $387,106,000 after purchasing an additional 151,939 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Dollar General by 10.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,328,481 shares of the company’s stock valued at $328,188,000 after purchasing an additional 303,600 shares during the period. Institutional investors own 95.48% of the company’s stock.
Several analysts recently issued reports on DG shares. Zacks Investment Research downgraded Dollar General from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Guggenheim restated a “buy” rating and issued a $115.00 price target on shares of Dollar General in a research note on Monday, August 20th. MKM Partners boosted their price target on Dollar General to $117.00 and gave the company a “buy” rating in a research note on Tuesday, August 28th. Buckingham Research boosted their price target on Dollar General from $95.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, August 27th. Finally, Deutsche Bank boosted their price target on Dollar General from $123.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Dollar General has an average rating of “Buy” and a consensus price target of $106.35.
Shares of NYSE DG opened at $116.10 on Friday. The firm has a market capitalization of $30.37 billion, a price-to-earnings ratio of 25.86, a P/E/G ratio of 1.38 and a beta of 0.82. 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 fifty-two week low of $81.10 and a fifty-two week high of $118.45.
Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 30th. The company reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.03. The firm had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 EPS. As a group, equities research analysts forecast that Dollar General Corp. will post 6.1 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 23rd. Shareholders of record on Tuesday, October 9th were issued a $0.29 dividend. The ex-dividend date was Friday, October 5th. This represents a $1.16 annualized dividend and a yield of 1.00%. Dollar General’s dividend payout ratio is presently 25.84%.
In other Dollar General news, EVP Robert D. Ravener sold 22,440 shares of Dollar General stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 50,747 shares of the company’s stock, valued at approximately $5,657,783.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is owned by insiders.
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Dollar General Company 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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