Timucuan Asset Management Inc. FL Increases Holdings in Dollar General Corporation (DG)

Timucuan Asset Management Inc. FL grew its holdings in shares of Dollar General Corporation (NYSE:DG) by 1.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,505,653 shares of the company’s stock after acquiring an additional 18,609 shares during the quarter. Dollar General Corporation comprises approximately 10.2% of Timucuan Asset Management Inc. FL’s holdings, making the stock its 5th largest position. Timucuan Asset Management Inc. FL owned approximately 0.55% of Dollar General Corporation worth $108,543,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DG. Victory Capital Management Inc. raised its stake in shares of Dollar General Corporation by 19.3% in the 1st quarter. Victory Capital Management Inc. now owns 17,145 shares of the company’s stock worth $1,196,000 after buying an additional 2,779 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of Dollar General Corporation in the 1st quarter worth $531,000. OppenheimerFunds Inc. raised its stake in shares of Dollar General Corporation by 16.0% in the 1st quarter. OppenheimerFunds Inc. now owns 35,791 shares of the company’s stock worth $2,496,000 after buying an additional 4,939 shares in the last quarter. TLP Group LLC bought a new stake in shares of Dollar General Corporation in the 1st quarter worth $376,000. Finally, Principal Financial Group Inc. raised its stake in shares of Dollar General Corporation by 4.5% in the 1st quarter. Principal Financial Group Inc. now owns 1,585,117 shares of the company’s stock worth $110,530,000 after buying an additional 68,597 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

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DG has been the topic of a number of research reports. Zacks Investment Research downgraded Dollar General Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Deutsche Bank AG reissued a “hold” rating and issued a $79.00 price objective on shares of Dollar General Corporation in a research note on Friday, September 1st. BidaskClub raised Dollar General Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Bank of America Corporation reissued a “buy” rating and issued a $90.00 price objective on shares of Dollar General Corporation in a research note on Friday, August 25th. Finally, Citigroup Inc. boosted their price objective on Dollar General Corporation from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Dollar General Corporation currently has a consensus rating of “Hold” and an average target price of $80.79.

In related news, EVP Robert D. Ravener sold 11,257 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 22,598 shares of the company’s stock, valued at approximately $1,740,046. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.22% of the company’s stock.

Dollar General Corporation (NYSE DG) traded up 2.44% on Tuesday, reaching $81.11. The company had a trading volume of 928,459 shares. The stock has a market capitalization of $22.16 billion, a price-to-earnings ratio of 18.38 and a beta of 0.96. Dollar General Corporation has a 12 month low of $65.97 and a 12 month high of $82.38. The firm has a 50 day moving average price of $77.59 and a 200-day moving average price of $73.64.

Dollar General Corporation (NYSE:DG) last issued its quarterly earnings data on Thursday, August 31st. The company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The business had revenue of $5.83 billion for the quarter, compared to the consensus estimate 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 was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. Analysts forecast that Dollar General Corporation will post $4.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, October 6th. Dollar General Corporation’s payout ratio is presently 23.48%.

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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Institutional Ownership by Quarter for Dollar General Corporation (NYSE:DG)

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