Pacer Advisors Inc. Purchases 2,672 Shares of Dollar General Corp. (NYSE:DG)

Pacer Advisors Inc. lifted its position in shares of Dollar General Corp. (NYSE:DG) by 10.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,477 shares of the company’s stock after purchasing an additional 2,672 shares during the quarter. Pacer Advisors Inc.’s holdings in Dollar General were worth $4,367,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Weatherly Asset Management L. P. lifted its position in Dollar General by 3.1% in the 2nd quarter. Weatherly Asset Management L. P. now owns 2,611 shares of the company’s stock valued at $353,000 after acquiring an additional 79 shares in the last quarter. Squar Milner Financial Services LLC lifted its position in Dollar General by 73.0% in the 2nd quarter. Squar Milner Financial Services LLC now owns 192 shares of the company’s stock valued at $26,000 after acquiring an additional 81 shares in the last quarter. Huntington National Bank lifted its position in Dollar General by 6.6% in the 2nd quarter. Huntington National Bank now owns 1,526 shares of the company’s stock valued at $206,000 after acquiring an additional 95 shares in the last quarter. JNBA Financial Advisors lifted its position in Dollar General by 106.4% in the 2nd quarter. JNBA Financial Advisors now owns 194 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Finally, Sandy Spring Bank lifted its position in Dollar General by 50.0% in the 2nd quarter. Sandy Spring Bank now owns 300 shares of the company’s stock valued at $41,000 after acquiring an additional 100 shares in the last quarter. 92.76% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the stock. KeyCorp set a $180.00 price target on shares of Dollar General and gave the company a “buy” rating in a research note on Friday, August 30th. Buckingham Research boosted their price objective on shares of Dollar General from $152.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. UBS Group set a $175.00 price objective on shares of Dollar General and gave the stock a “buy” rating in a research note on Friday, August 30th. Raymond James set a $180.00 price objective on shares of Dollar General and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, ValuEngine lowered shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company. Dollar General has an average rating of “Buy” and an average target price of $162.27.

Shares of DG opened at $162.25 on Friday. Dollar General Corp. has a 52 week low of $98.08 and a 52 week high of $164.29. The firm has a market cap of $41.71 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 2.52 and a beta of 0.54. The firm’s 50-day simple moving average is $155.73 and its 200 day simple moving average is $136.45. 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 (NYSE:DG) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.74 EPS for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.16. Dollar General had a net margin of 6.11% and a return on equity of 25.34%. The business had revenue of $6.98 billion for the quarter, compared to analyst estimates of $6.89 billion. During the same quarter in the prior year, the business earned $1.52 EPS. Dollar General’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, equities analysts forecast that Dollar General Corp. will post 6.61 earnings per share for the current year.

The business also recently declared a — dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be paid a $0.32 dividend. The ex-dividend date is Monday, October 7th. This represents a yield of 0.8%. Dollar General’s dividend payout ratio (DPR) is currently 21.44%.

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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