Epoch Investment Partners Inc. reduced its holdings in shares of Dollar General Corp. (NYSE:DG) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,792,882 shares of the company’s stock after selling 78,565 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.66% of Dollar General worth $145,313,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Sun Life Financial INC boosted its stake in shares of Dollar General by 18,170.0% during the 2nd quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after purchasing an additional 1,817 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Dollar General by 2.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after purchasing an additional 48 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Dollar General by 7,109.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock worth $150,000 after purchasing an additional 10,664 shares during the last quarter. Welch Group LLC boosted its stake in shares of Dollar General by 27.1% during the 2nd quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after purchasing an additional 483 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of Dollar General by 22,950.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock worth $187,000 after purchasing an additional 2,295 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.
Several equities research analysts have issued reports on DG shares. Zacks Investment Research raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Monday, August 28th. BidaskClub raised shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Bank of America reissued a “buy” rating and issued a $90.00 target price on shares of Dollar General in a research report on Friday, August 25th. Citigroup raised their target price on shares of Dollar General from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $85.00 target price on shares of Dollar General in a research report on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $82.93.
Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. The firm had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General had a net margin of 5.38% and a return on equity of 22.67%. Dollar General’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 earnings per share. equities research analysts predict that Dollar General Corp. will post 4.5 EPS for the current year.
In other Dollar General news, EVP Robert D. Ravener sold 11,257 shares of Dollar General 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 available at this link. Insiders own 0.32% of the company’s stock.
Dollar General 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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