Signaturefd LLC increased its holdings in Dollar General Corp. (NYSE:DG) by 12.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,447 shares of the company’s stock after buying an additional 262 shares during the period. Signaturefd LLC’s holdings in Dollar General were worth $331,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in DG. Advisor Group Inc. grew its stake in shares of Dollar General by 6.9% during the second quarter. Advisor Group Inc. now owns 25,155 shares of the company’s stock worth $3,401,000 after buying an additional 1,615 shares during the last quarter. Weatherly Asset Management L. P. grew its stake in shares of Dollar General by 3.1% during the second quarter. Weatherly Asset Management L. P. now owns 2,611 shares of the company’s stock worth $353,000 after buying an additional 79 shares during the last quarter. Aperio Group LLC grew its stake in shares of Dollar General by 4.8% during the second quarter. Aperio Group LLC now owns 219,352 shares of the company’s stock worth $29,648,000 after buying an additional 10,113 shares during the last quarter. Dupont Capital Management Corp grew its stake in shares of Dollar General by 9.3% during the second quarter. Dupont Capital Management Corp now owns 98,952 shares of the company’s stock worth $13,374,000 after buying an additional 8,446 shares during the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt grew its stake in shares of Dollar General by 15.8% during the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 2,193,000 shares of the company’s stock worth $296,340,000 after buying an additional 300,000 shares during the last quarter. Institutional investors own 95.32% of the company’s stock.
A number of analysts have weighed in on the stock. UBS Group boosted their target price on shares of Dollar General from $126.00 to $143.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Morgan Stanley boosted their target price on shares of Dollar General from $135.00 to $142.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $138.00 target price (up previously from $129.00) on shares of Dollar General in a research note on Friday, May 31st. Buckingham Research reaffirmed a “positive” rating and set a $152.00 target price (up previously from $125.00) on shares of Dollar General in a research note on Friday, May 31st. Finally, Wells Fargo & Co cut shares of Dollar General from an “outperform” rating to a “market perform” rating and set a $140.00 target price on the stock. in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Dollar General currently has an average rating of “Buy” and an average target price of $134.68.
Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.09. Dollar General had a net margin of 6.16% and a return on equity of 25.03%. The firm had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.57 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Analysts expect that Dollar General Corp. will post 6.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $1.28 annualized dividend and a dividend yield of 0.95%. Dollar General’s dividend payout ratio is currently 21.44%.
Dollar General Profile
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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