OLD National Bancorp IN bought a new position in shares of Dollar General Corporation (NYSE:DG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,323 shares of the company’s stock, valued at approximately $600,000.
Several other hedge funds also recently bought and sold shares of the company. Alpha Windward LLC increased its position in shares of Dollar General Corporation by 2.4% in the first quarter. Alpha Windward LLC now owns 1,844 shares of the company’s stock worth $129,000 after buying an additional 44 shares during the last quarter. National Asset Management Inc. increased its position in Dollar General Corporation by 8.6% in the first quarter. National Asset Management Inc. now owns 3,273 shares of the company’s stock valued at $230,000 after buying an additional 258 shares in the last quarter. Wrapmanager Inc. increased its position in Dollar General Corporation by 15.1% in the first quarter. Wrapmanager Inc. now owns 3,566 shares of the company’s stock valued at $249,000 after buying an additional 469 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in Dollar General Corporation by 5.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 3,882 shares of the company’s stock valued at $271,000 after buying an additional 210 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in Dollar General Corporation during the fourth quarter valued at about $309,000. 88.66% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dollar General Corporation (NYSE:DG) traded down 0.12% during trading on Friday, hitting $75.49. 1,747,851 shares of the stock were exchanged. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $93.11. The stock has a market cap of $20.70 billion, a price-to-earnings ratio of 17.07 and a beta of 0.93. The stock’s 50 day moving average is $72.51 and its 200-day moving average is $72.61.
Dollar General Corporation (NYSE:DG) last posted its earnings results on Thursday, June 1st. The company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.03. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.59 billion. Dollar General Corporation had a net margin of 5.53% and a return on equity of 23.07%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. Equities research analysts anticipate that Dollar General Corporation will post $4.50 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Tuesday, July 11th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, July 7th. Dollar General Corporation’s dividend payout ratio is currently 23.48%.
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DG has been the subject of several research analyst reports. Deutsche Bank AG restated a “hold” rating and issued a $78.00 price objective on shares of Dollar General Corporation in a research note on Tuesday, July 4th. Gordon Haskett upgraded shares of Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a research note on Thursday, June 1st. Buckingham Research reiterated a “neutral” rating and set a $75.00 target price on shares of Dollar General Corporation in a research note on Tuesday, April 18th. Morgan Stanley reiterated an “overweight” rating and set a $85.00 target price on shares of Dollar General Corporation in a research note on Tuesday, June 6th. Finally, Royal Bank Of Canada increased their target price on shares of Dollar General Corporation from $81.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, fifteen 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 $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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