Los Angeles Capital Management & Equity Research Inc. Purchases 34,715 Shares of Dollar General Corp. (DG)

Los Angeles Capital Management & Equity Research Inc. boosted its position in Dollar General Corp. (NYSE:DG) by 23.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,428 shares of the company’s stock after buying an additional 34,715 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.07% of Dollar General worth $19,830,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. First National Bank of Omaha boosted its position in Dollar General by 1.6% in the 3rd quarter. First National Bank of Omaha now owns 74,525 shares of the company’s stock worth $8,146,000 after purchasing an additional 1,178 shares in the last quarter. Pendal Group Ltd boosted its position in Dollar General by 8.6% in the 3rd quarter. Pendal Group Ltd now owns 982,532 shares of the company’s stock worth $107,391,000 after purchasing an additional 77,529 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in Dollar General by 3.4% in the 3rd quarter. Gulf International Bank UK Ltd now owns 91,734 shares of the company’s stock worth $10,026,000 after purchasing an additional 3,048 shares in the last quarter. BP PLC boosted its position in Dollar General by 3.0% in the 3rd quarter. BP PLC now owns 34,000 shares of the company’s stock worth $3,716,000 after purchasing an additional 1,000 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its position in Dollar General by 2,807.5% in the 3rd quarter. WINTON GROUP Ltd now owns 129,005 shares of the company’s stock worth $14,100,000 after purchasing an additional 124,568 shares in the last quarter. Hedge funds and other institutional investors own 95.48% of the company’s stock.

In related news, EVP Robert D. Ravener sold 22,440 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

NYSE DG opened at $116.10 on Friday. Dollar General Corp. has a one year low of $81.10 and a one year high of $118.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 0.21. The firm has a market capitalization of $30.79 billion, a P/E ratio of 21.71, a PEG ratio of 1.40 and a beta of 0.82.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 30th. The company reported $1.52 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the prior year, the company earned $1.10 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts forecast that Dollar General Corp. will post 6.1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 23rd. Investors of record on Tuesday, October 9th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, October 5th. Dollar General’s dividend payout ratio is currently 25.84%.

Several equities research analysts have commented on the company. Morgan Stanley upped their price objective on Dollar General from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday, August 31st. Credit Suisse Group set a $99.00 price objective on Dollar General and gave the stock a “hold” rating in a research report on Monday, August 27th. Guggenheim reiterated a “buy” rating and set a $115.00 target price on shares of Dollar General in a research report on Monday, August 20th. Wells Fargo & Co increased their target price on Dollar General from $113.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, August 29th. Finally, ValuEngine upgraded Dollar General from a “hold” rating to a “buy” rating in a research report on Saturday, August 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $106.35.

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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.

See Also: Fundamental Analysis

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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