Renaissance Technologies LLC increased its holdings in Dollar General Corp. (NYSE:DG) by 9.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,080,600 shares of the company’s stock after acquiring an additional 91,800 shares during the quarter. Renaissance Technologies LLC owned about 0.41% of Dollar General worth $118,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Cornerstone Wealth Management LLC acquired a new stake in Dollar General during the second quarter valued at $325,000. Dupont Capital Management Corp boosted its position in Dollar General by 56.5% during the second quarter. Dupont Capital Management Corp now owns 2,273 shares of the company’s stock valued at $224,000 after purchasing an additional 821 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Dollar General by 5.8% during the second quarter. Commonwealth Equity Services LLC now owns 13,626 shares of the company’s stock valued at $1,344,000 after purchasing an additional 749 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Dollar General during the second quarter valued at $823,000. Finally, First Trust Advisors LP boosted its position in Dollar General by 2.1% during the second quarter. First Trust Advisors LP now owns 160,996 shares of the company’s stock valued at $15,874,000 after purchasing an additional 3,364 shares during the last quarter. Institutional investors own 94.23% of the company’s stock.
A number of analysts recently issued reports on the company. ValuEngine cut Dollar General from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research cut Dollar General from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. Credit Suisse Group set a $108.00 price objective on Dollar General and gave the company a “hold” rating in a research report on Monday, November 26th. Deutsche Bank lifted their price objective on Dollar General from $123.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Finally, MKM Partners lifted their price objective on Dollar General to $117.00 and gave the company a “buy” rating in a research report on Tuesday, August 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Dollar General currently has a consensus rating of “Buy” and an average price target of $107.26.
Shares of NYSE:DG opened at $102.70 on Friday. Dollar General Corp. has a fifty-two week low of $85.54 and a fifty-two week high of $118.45. The stock has a market capitalization of $28.04 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.25 and a beta of 0.84. The company has a quick ratio of 0.21, a current ratio of 1.55 and a debt-to-equity ratio of 0.46.
Dollar General (NYSE:DG) last announced its quarterly earnings results on Tuesday, December 4th. The company reported $1.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.26. Dollar General had a return on equity of 24.03% and a net margin of 7.24%. The company had revenue of $6.42 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, analysts predict that Dollar General Corp. will post 6 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 8th will be given a $0.29 dividend. The ex-dividend date of this dividend is Monday, January 7th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.13%. Dollar General’s dividend payout ratio is currently 25.84%.
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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