First Trust Advisors LP boosted its holdings in Dollar General Corporation (NYSE:DG) by 20.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 233,317 shares of the company’s stock after buying an additional 40,054 shares during the period. First Trust Advisors LP owned 0.09% of Dollar General Corporation worth $18,910,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sigma Planning Corp bought a new position in shares of Dollar General Corporation during the 2nd quarter valued at about $202,000. Prudential Financial Inc. boosted its holdings in shares of Dollar General Corporation by 27.3% during the 2nd quarter. Prudential Financial Inc. now owns 453,353 shares of the company’s stock valued at $32,682,000 after purchasing an additional 97,120 shares during the last quarter. Atlanta Capital Management Co. L L C boosted its holdings in shares of Dollar General Corporation by 319.8% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,241,424 shares of the company’s stock valued at $89,495,000 after purchasing an additional 945,673 shares during the last quarter. Hellman Jordan Management Co. Inc. MA bought a new position in shares of Dollar General Corporation during the 2nd quarter valued at about $717,000. Finally, Tandem Investment Advisors Inc. bought a new position in shares of Dollar General Corporation during the 2nd quarter valued at about $1,816,000. 91.65% of the stock is owned by institutional investors and hedge funds.
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Dollar General Corporation (NYSE:DG) opened at $81.87 on Monday. The company has a market cap of $22,371.71, a P/E ratio of 18.15, a PEG ratio of 1.69 and a beta of 0.93. Dollar General Corporation has a 1 year low of $65.97 and a 1 year high of $85.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.42.
Dollar General Corporation (NYSE:DG) last issued its earnings results on Thursday, August 31st. The company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.01. The business had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.80 billion. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $1.08 earnings per share. research analysts anticipate that Dollar General Corporation will post 4.5 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, October 6th. Dollar General Corporation’s dividend payout ratio (DPR) is presently 23.48%.
In other news, EVP Robert D. Ravener sold 11,257 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the transaction, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at $1,740,046. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.32% of the company’s stock.
Several research firms have commented on DG. Buckingham Research reissued a “neutral” rating and set a $75.00 price objective on shares of Dollar General Corporation in a report on Monday, August 7th. BidaskClub downgraded shares of Dollar General Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Dollar General Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. BMO Capital Markets set a $85.00 price target on shares of Dollar General Corporation and gave the company a “hold” rating in a report on Tuesday, August 22nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $85.00 price target on shares of Dollar General Corporation in a report on Friday, September 29th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. Dollar General Corporation presently has an average rating of “Hold” and an average target price of $79.84.
Dollar General Corporation 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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