Frontier Capital Management Co. LLC increased its position in shares of Dollar General Corporation (NYSE:DG) by 21.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,378,165 shares of the company’s stock after buying an additional 239,460 shares during the period. Frontier Capital Management Co. LLC owned about 0.50% of Dollar General Corporation worth $99,352,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in DG. Highstreet Asset Management Inc. acquired a new position in Dollar General Corporation during the second quarter worth approximately $880,000. Allegis Investment Advisors LLC boosted its position in Dollar General Corporation by 47.7% in the second quarter. Allegis Investment Advisors LLC now owns 9,032 shares of the company’s stock worth $651,000 after buying an additional 2,918 shares in the last quarter. Legal & General Group Plc boosted its position in Dollar General Corporation by 10.5% in the second quarter. Legal & General Group Plc now owns 1,456,281 shares of the company’s stock worth $104,979,000 after buying an additional 138,694 shares in the last quarter. State of Wisconsin Investment Board boosted its position in Dollar General Corporation by 15.5% in the second quarter. State of Wisconsin Investment Board now owns 390,908 shares of the company’s stock worth $28,181,000 after buying an additional 52,420 shares in the last quarter. Finally, Denver Investment Advisors LLC boosted its position in Dollar General Corporation by 41.7% in the second quarter. Denver Investment Advisors LLC now owns 24,895 shares of the company’s stock worth $1,795,000 after buying an additional 7,325 shares in the last quarter. Institutional investors own 88.99% of the company’s stock.
Shares of Dollar General Corporation (NYSE DG) traded up 0.15% during trading on Friday, reaching $74.38. The company’s stock had a trading volume of 144,502 shares. Dollar General Corporation has a 1-year low of $65.97 and a 1-year high of $92.01. The stock has a 50 day moving average of $73.11 and a 200-day moving average of $72.74. The company has a market capitalization of $20.40 billion, a PE ratio of 16.82 and a beta of 0.93.
Dollar General Corporation (NYSE:DG) last posted its earnings results on Thursday, June 1st. The company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.03. Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts expect that Dollar General Corporation will post $4.50 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were given a $0.26 dividend. The ex-dividend date was Friday, July 7th. This represents a $1.04 dividend on an annualized basis and a yield of 1.40%. Dollar General Corporation’s dividend payout ratio is currently 23.48%.
A number of research analysts recently commented on the company. Zacks Investment Research raised Dollar General Corporation from a “sell” rating to a “hold” rating and set a $88.00 price target on the stock in a report on Friday, June 2nd. BidaskClub raised Dollar General Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Barclays PLC reissued a “hold” rating and issued a $76.00 price target on shares of Dollar General Corporation in a report on Friday, June 2nd. Morgan Stanley reissued an “overweight” rating and issued a $85.00 price target on shares of Dollar General Corporation in a report on Tuesday, June 6th. Finally, Gordon Haskett raised Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a report on Thursday, June 1st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $80.89.
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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