Anchor Capital Advisors LLC lessened its position in Dollar General Corporation (NYSE:DG) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 286,685 shares of the company’s stock after selling 3,353 shares during the quarter. Anchor Capital Advisors LLC owned approximately 0.10% of Dollar General Corporation worth $23,236,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parsec Financial Management Inc. raised its stake in Dollar General Corporation by 11.9% during the third quarter. Parsec Financial Management Inc. now owns 40,590 shares of the company’s stock valued at $3,290,000 after buying an additional 4,312 shares during the last quarter. Sigma Planning Corp bought a new stake in shares of Dollar General Corporation in the 2nd quarter worth $202,000. Prudential Financial Inc. increased its holdings in shares of Dollar General Corporation by 27.3% in the 2nd quarter. Prudential Financial Inc. now owns 453,353 shares of the company’s stock worth $32,682,000 after purchasing an additional 97,120 shares in the last quarter. Atlanta Capital Management Co. L L C increased its holdings in shares of Dollar General Corporation by 319.8% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,241,424 shares of the company’s stock worth $89,495,000 after purchasing an additional 945,673 shares in the last quarter. Finally, Tandem Investment Advisors Inc. bought a new stake in shares of Dollar General Corporation in the 2nd quarter worth $1,816,000. Institutional investors own 89.31% of the company’s stock.
Several analysts recently commented on DG shares. Jefferies Group LLC lifted their price objective on Dollar General Corporation from $68.00 to $73.00 and gave the stock a “hold” rating in a report on Friday, September 1st. Bank of America Corporation reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Dollar General Corporation in a report on Friday, August 25th. BMO Capital Markets set a $85.00 price objective on Dollar General Corporation and gave the stock a “hold” rating in a report on Tuesday, August 22nd. KeyCorp reaffirmed a “hold” rating on shares of Dollar General Corporation in a report on Friday. Finally, Citigroup Inc. lifted their price objective on Dollar General Corporation from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Dollar General Corporation has a consensus rating of “Hold” and a consensus target price of $79.84.
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Shares of Dollar General Corporation (NYSE DG) traded up $2.24 during midday trading on Monday, reaching $84.15. The company’s stock had a trading volume of 3,666,100 shares, compared to its average volume of 2,842,182. The company has a quick ratio of 0.18, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. Dollar General Corporation has a 52 week low of $65.97 and a 52 week high of $85.07. The company has a market capitalization of $22,780.00, a PE ratio of 18.66, a P/E/G ratio of 1.74 and a beta of 0.93.
Dollar General Corporation (NYSE:DG) last issued its quarterly earnings data on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The company had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 earnings per share. equities analysts predict that Dollar General Corporation will post 4.5 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, October 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.24%. Dollar General Corporation’s dividend payout ratio is 23.53%.
In other news, EVP Robert D. Ravener sold 11,257 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. Following the transaction, the executive vice president now owns 22,598 shares of the company’s stock, valued at $1,740,046. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.32% of the company’s stock.
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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