Calamos Advisors LLC lifted its holdings in shares of Dollar General Corporation (NYSE:DG) by 66.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,332 shares of the company’s stock after buying an additional 17,291 shares during the period. Calamos Advisors LLC’s holdings in Dollar General Corporation were worth $3,124,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of DG. BlackRock Inc. boosted its position in shares of Dollar General Corporation by 4,173.7% during the first quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock worth $1,544,106,000 after buying an additional 21,625,909 shares during the period. Longview Partners Guernsey LTD acquired a new position in shares of Dollar General Corporation during the second quarter worth approximately $577,548,000. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Dollar General Corporation by 281.5% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,740,089 shares of the company’s stock worth $330,886,000 after buying an additional 3,497,733 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Dollar General Corporation by 20.5% during the first quarter. Bank of New York Mellon Corp now owns 8,215,436 shares of the company’s stock worth $572,863,000 after buying an additional 1,398,043 shares during the period. Finally, Epoch Investment Partners Inc. boosted its position in shares of Dollar General Corporation by 7,543.4% during the first quarter. Epoch Investment Partners Inc. now owns 1,318,717 shares of the company’s stock worth $91,954,000 after buying an additional 1,301,464 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.
Several equities analysts have recently issued reports on DG shares. Sanford C. Bernstein reiterated an “outperform” rating and set a $88.00 price objective on shares of Dollar General Corporation in a research report on Wednesday, May 17th. Zacks Investment Research upgraded Dollar General Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 24th. Gordon Haskett upgraded Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a research report on Thursday, June 1st. BMO Capital Markets restated a “neutral” rating and issued a $85.00 target price (up from $76.00) on shares of Dollar General Corporation in a research report on Friday, June 2nd. Finally, Royal Bank Of Canada upped their target price on Dollar General Corporation from $81.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $80.68.
Shares of Dollar General Corporation (NYSE DG) opened at 76.39 on Friday. Dollar General Corporation has a one year low of $65.97 and a one year high of $80.67. The company has a market capitalization of $20.95 billion, a PE ratio of 17.27 and a beta of 0.94. The company has a 50-day moving average of $75.01 and a 200-day moving average of $72.78.
Dollar General Corporation (NYSE:DG) last issued its quarterly earnings results on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.01. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The firm had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the previous year, the business earned $1.08 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. On average, analysts anticipate that Dollar General Corporation will post $4.50 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.04 annualized dividend and a yield of 1.36%. Dollar General Corporation’s payout ratio is currently 23.48%.
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About Dollar General Corporation
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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