Calamos Advisors LLC Decreases Stock Position in Dollar General Corp. (NYSE:DG)

Calamos Advisors LLC cut its holdings in Dollar General Corp. (NYSE:DG) by 35.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,696 shares of the company’s stock after selling 26,965 shares during the period. Calamos Advisors LLC’s holdings in Dollar General were worth $7,899,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Keudell Morrison Wealth Management raised its stake in Dollar General by 436.9% in the 2nd quarter. Keudell Morrison Wealth Management now owns 19,550 shares of the company’s stock valued at $2,642,000 after purchasing an additional 15,909 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in shares of Dollar General by 8.7% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 175,304 shares of the company’s stock valued at $23,694,000 after acquiring an additional 14,042 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Dollar General by 16.8% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 296,864 shares of the company’s stock valued at $40,510,000 after acquiring an additional 42,804 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Dollar General by 10.8% during the 2nd quarter. Prudential Financial Inc. now owns 273,981 shares of the company’s stock valued at $37,032,000 after acquiring an additional 26,604 shares during the last quarter. Finally, Atria Investments LLC increased its stake in shares of Dollar General by 38.5% during the 2nd quarter. Atria Investments LLC now owns 52,410 shares of the company’s stock valued at $7,082,000 after acquiring an additional 14,576 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Shares of NYSE:DG opened at $165.80 on Wednesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.12 and a current ratio of 1.14. Dollar General Corp. has a 1 year low of $98.08 and a 1 year high of $166.65. The stock has a market capitalization of $42.26 billion, a P/E ratio of 27.77, a PEG ratio of 2.58 and a beta of 0.54. The stock has a 50-day simple moving average of $159.77 and a 200-day simple moving average of $138.89.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 29th. The company reported $1.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.16. Dollar General had a return on equity of 25.34% and a net margin of 6.11%. The business had revenue of $6.98 billion during the quarter, compared to analysts’ expectations of $6.89 billion. During the same quarter in the previous year, the business earned $1.52 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts predict that Dollar General Corp. will post 6.61 earnings per share for the current year.

The company also recently announced a — dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a dividend of $0.32 per share. This represents a dividend yield of 0.8%. The ex-dividend date was Monday, October 7th. Dollar General’s payout ratio is currently 21.44%.

DG has been the subject of a number of research analyst reports. KeyCorp set a $180.00 price objective on shares of Dollar General and gave the company a “buy” rating in a research note on Friday, August 30th. Morgan Stanley upped their price objective on shares of Dollar General from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. UBS Group set a $175.00 price objective on shares of Dollar General and gave the company a “buy” rating in a research note on Friday, August 30th. Citigroup upped their price objective on shares of Dollar General from $148.00 to $184.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, BMO Capital Markets upped their price objective on shares of Dollar General from $140.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $162.95.

About Dollar General

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

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