Scotia Capital Inc. increased its stake in shares of Dollar General Corporation (NYSE:DG) by 118.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 22,960 shares of the company’s stock after buying an additional 12,434 shares during the period. Scotia Capital Inc.’s holdings in Dollar General Corporation were worth $1,655,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Sigma Planning Corp bought a new stake in shares of Dollar General Corporation during the 2nd quarter worth about $202,000. BlackRock Inc. boosted its holdings in shares of Dollar General Corporation by 4,173.7% during the 1st quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock worth $1,544,106,000 after buying an additional 21,625,909 shares during the period. Credit Suisse AG boosted its holdings in shares of Dollar General Corporation by 16.7% during the 1st quarter. Credit Suisse AG now owns 658,667 shares of the company’s stock worth $45,928,000 after buying an additional 94,260 shares during the period. 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 worth $32,682,000 after buying an additional 97,120 shares during the period. Finally, KCG Holdings Inc. boosted its holdings in shares of Dollar General Corporation by 304.2% during the 1st quarter. KCG Holdings Inc. now owns 14,142 shares of the company’s stock worth $986,000 after buying an additional 10,643 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on the stock. BMO Capital Markets reaffirmed a “hold” rating on shares of Dollar General Corporation in a report on Wednesday, September 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $85.00 target price on shares of Dollar General Corporation in a report on Tuesday. Piper Jaffray Companies reaffirmed a “buy” rating and set a $85.00 target price on shares of Dollar General Corporation in a report on Friday, September 29th. Buckingham Research reaffirmed a “neutral” rating and set a $75.00 target price on shares of Dollar General Corporation in a report on Monday, August 7th. Finally, Loop Capital reaffirmed a “hold” rating and set a $76.00 target price on shares of Dollar General Corporation in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. Dollar General Corporation has an average rating of “Hold” and an average target price of $80.79.
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 value of $866,789.00. Following the completion of the transaction, the executive vice president now directly owns 22,598 shares in the company, valued at $1,740,046. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is currently owned by company insiders.
Shares of Dollar General Corporation (NYSE:DG) traded up 0.71% during mid-day trading on Friday, hitting $82.76. 205,433 shares of the stock were exchanged. Dollar General Corporation has a 52 week low of $65.97 and a 52 week high of $82.85. The stock has a market capitalization of $22.61 billion, a price-to-earnings ratio of 18.75 and a beta of 0.96. The stock’s 50-day moving average is $78.11 and its 200-day moving average is $73.84.
Dollar General Corporation (NYSE:DG) last released its quarterly earnings data on Thursday, August 31st. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The company had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same period last year, the business earned $1.08 earnings per share. Dollar General Corporation’s revenue was up 8.1% compared to the same quarter last year. Analysts forecast that Dollar General Corporation will post $4.51 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.27%. Dollar General Corporation’s dividend payout ratio (DPR) is currently 23.48%.
Dollar General Corporation 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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