Marshall Wace LLP reduced its holdings in Dollar General Corp. (NYSE:DG) by 7.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 234,339 shares of the company’s stock after selling 18,104 shares during the period. Marshall Wace LLP owned approximately 0.09% of Dollar General worth $25,613,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of DG. Sei Investments Co. boosted its stake in shares of Dollar General by 4.3% during the 2nd quarter. Sei Investments Co. now owns 262,817 shares of the company’s stock worth $25,913,000 after purchasing an additional 10,876 shares during the period. Atria Investments LLC boosted its stake in shares of Dollar General by 81.6% during the 3rd quarter. Atria Investments LLC now owns 41,020 shares of the company’s stock worth $4,483,000 after purchasing an additional 18,432 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Dollar General by 182.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,040,981 shares of the company’s stock worth $102,641,000 after purchasing an additional 672,761 shares during the period. Iberiabank Corp purchased a new position in shares of Dollar General during the 3rd quarter worth about $231,000. Finally, Morgan Stanley boosted its stake in shares of Dollar General by 26.9% during the 2nd quarter. Morgan Stanley now owns 2,069,037 shares of the company’s stock worth $204,006,000 after purchasing an additional 438,596 shares during the period. 94.23% of the stock is owned by institutional investors and hedge funds.
DG has been the subject of a number of recent analyst reports. MKM Partners lifted their price target on shares of Dollar General to $117.00 and gave the stock a “buy” rating in a research note on Tuesday, August 28th. Deutsche Bank lifted their price target on shares of Dollar General from $123.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 31st. Guggenheim reaffirmed a “buy” rating and set a $115.00 price target on shares of Dollar General in a research note on Monday, August 20th. ValuEngine raised shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Finally, Zacks Investment Research raised shares of Dollar General from a “sell” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Tuesday, August 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $107.26.
Dollar General stock opened at $102.70 on Friday. The stock has a market capitalization of $28.04 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 1.25 and a beta of 0.84. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.21. Dollar General Corp. has a 1 year low of $85.54 and a 1 year high of $118.45.
Dollar General (NYSE:DG) last released its quarterly earnings data on Tuesday, December 4th. The company reported $1.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.26. The company had revenue of $6.42 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 EPS. As a group, research analysts expect that Dollar General Corp. will post 6 earnings per share for the current fiscal year.
The business also recently disclosed 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 annualized dividend and a yield of 1.13%. Dollar General’s dividend payout ratio (DPR) is 25.84%.
About Dollar General
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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