Envestnet Asset Management Inc. grew its holdings in Dollar General Corp. (NYSE:DG) by 34.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 478,695 shares of the company’s stock after acquiring an additional 123,144 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Dollar General were worth $76,084,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Nuveen Asset Management LLC grew its holdings in shares of Dollar General by 816.1% during the second quarter. Nuveen Asset Management LLC now owns 1,482,726 shares of the company’s stock worth $200,405,000 after buying an additional 1,320,876 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of Dollar General by 19,589.1% during the second quarter. Thoroughbred Financial Services LLC now owns 1,085,064 shares of the company’s stock worth $108,506,000 after buying an additional 1,079,553 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Dollar General by 3.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 25,655,326 shares of the company’s stock worth $3,467,574,000 after buying an additional 957,133 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Dollar General by 8,563.7% during the second quarter. Renaissance Technologies LLC now owns 788,400 shares of the company’s stock worth $106,560,000 after buying an additional 779,300 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Dollar General by 3.3% during the second quarter. BlackRock Inc. now owns 23,673,230 shares of the company’s stock worth $3,199,675,000 after buying an additional 762,969 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.
A number of research analysts recently issued reports on DG shares. Buckingham Research increased their price objective on Dollar General from $152.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Morgan Stanley increased their price objective on Dollar General from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Guggenheim set a $165.00 price objective on Dollar General and gave the stock a “buy” rating in a report on Friday, August 30th. KeyCorp set a $180.00 price objective on Dollar General and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Goldman Sachs Group upgraded Dollar General from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $142.00 to $152.00 in a report on Thursday, August 8th. 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 company currently has an average rating of “Buy” and an average price target of $162.95.
DG stock opened at $164.41 on Friday. The company has a quick ratio of 0.12, a current ratio of 1.14 and a debt-to-equity ratio of 1.49. The business has a 50 day moving average price of $159.08 and a two-hundred day moving average price of $137.97. The company has a market cap of $41.87 billion, a price-to-earnings ratio of 25.77, a P/E/G ratio of 2.56 and a beta of 0.54. Dollar General Corp. has a twelve month low of $98.08 and a twelve month high of $164.97.
Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.16. The firm had revenue of $6.98 billion during the quarter, compared to the consensus estimate of $6.89 billion. Dollar General had a return on equity of 25.34% and a net margin of 6.11%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.52 earnings per share. On average, equities research analysts anticipate that Dollar General Corp. will post 6.61 EPS for the current fiscal year.
The business also recently declared a — dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a yield of 0.8%. Dollar General’s dividend payout ratio is 21.44%.
Dollar General Company 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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