Hartford Investment Management Co. cut its stake in shares of Dollar General Corporation (NYSE:DG) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,892 shares of the company’s stock after selling 2,831 shares during the period. Hartford Investment Management Co.’s holdings in Dollar General Corporation were worth $3,957,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in DG. Horan Capital Management bought a new stake in Dollar General Corporation during the first quarter worth about $335,000. Korea Investment CORP increased its stake in Dollar General Corporation by 33.7% in the first quarter. Korea Investment CORP now owns 127,581 shares of the company’s stock worth $8,896,000 after buying an additional 32,148 shares during the period. Atria Investments LLC increased its stake in Dollar General Corporation by 29.1% in the first quarter. Atria Investments LLC now owns 17,414 shares of the company’s stock worth $1,214,000 after buying an additional 3,925 shares during the period. Toronto Dominion Bank increased its stake in Dollar General Corporation by 47.8% in the first quarter. Toronto Dominion Bank now owns 76,962 shares of the company’s stock worth $5,368,000 after buying an additional 24,874 shares during the period. Finally, First Mercantile Trust Co. increased its stake in Dollar General Corporation by 4.6% in the first quarter. First Mercantile Trust Co. now owns 20,620 shares of the company’s stock worth $1,438,000 after buying an additional 903 shares during the period. Institutional investors own 88.66% of the company’s stock.
Shares of Dollar General Corporation (DG) traded down 0.12% during trading on Friday, reaching $75.49. 1,747,851 shares of the company were exchanged. The firm’s 50 day moving average is $72.51 and its 200 day moving average is $72.61. The firm has a market capitalization of $20.70 billion, a P/E ratio of 17.07 and a beta of 0.93. Dollar General Corporation has a 1-year low of $65.97 and a 1-year high of $93.11.
Dollar General Corporation (NYSE:DG) last announced its quarterly earnings results on Thursday, June 1st. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $1.00 by $0.03. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.59 billion. Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. On average, equities analysts anticipate that Dollar General Corporation will post $4.50 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, July 7th. This represents a $1.04 annualized dividend and a yield of 1.38%. Dollar General Corporation’s dividend payout ratio (DPR) is presently 23.48%.
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A number of research firms recently issued reports on DG. Jefferies Group LLC restated a “hold” rating and set a $68.00 price objective on shares of Dollar General Corporation in a report on Wednesday, April 19th. Zacks Investment Research upgraded shares of Dollar General Corporation from a “sell” rating to a “hold” rating and set a $88.00 target price for the company in a research note on Friday, June 2nd. BidaskClub upgraded shares of Dollar General Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Barclays PLC reiterated a “hold” rating and issued a $76.00 target price on shares of Dollar General Corporation in a research note on Friday, June 2nd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $85.00 target price on shares of Dollar General Corporation in a research note on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the company. Dollar General Corporation presently has a consensus rating of “Hold” and a consensus target price of $80.89.
Dollar General Corporation Company Profile
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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