First Allied Advisory Services Inc. lowered its position in shares of Dollar General Corp. (NYSE:DG) by 23.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,540 shares of the company’s stock after selling 1,950 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Dollar General were worth $1,043,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Clean Yield Group bought a new stake in shares of Dollar General in the 2nd quarter worth approximately $26,000. JNBA Financial Advisors raised its holdings in shares of Dollar General by 106.4% in the 2nd quarter. JNBA Financial Advisors now owns 194 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Squar Milner Financial Services LLC raised its holdings in shares of Dollar General by 73.0% in the 2nd quarter. Squar Milner Financial Services LLC now owns 192 shares of the company’s stock worth $26,000 after purchasing an additional 81 shares during the period. Arcadia Investment Management Corp MI bought a new stake in shares of Dollar General in the 2nd quarter worth approximately $27,000. Finally, Hudock Capital Group LLC bought a new stake in shares of Dollar General in the 3rd quarter worth approximately $28,000. 93.61% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on DG shares. Goldman Sachs Group reaffirmed a “buy” rating and issued a $108.00 price target on shares of Dollar General in a report on Thursday, October 24th. Credit Suisse Group lifted their price target on shares of Dollar General from $130.00 to $154.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Morgan Stanley lifted their price target on shares of Dollar General from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. ValuEngine cut shares of Dollar General from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Piper Jaffray Companies boosted their target price on shares of Dollar General from $137.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $154.82.
Shares of DG stock opened at $160.14 on Friday. The company’s fifty day simple moving average is $160.74 and its two-hundred day simple moving average is $143.12. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.14 and a quick ratio of 0.12. Dollar General Corp. has a 1 year low of $98.08 and a 1 year high of $166.98. The stock has a market capitalization of $41.00 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 2.36 and a beta of 0.53.
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, beating analysts’ consensus estimates of $1.58 by $0.16. The business had revenue of $6.98 billion for the quarter, compared to analysts’ expectations of $6.89 billion. Dollar General had a net margin of 6.11% and a return on equity of 25.34%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 EPS. Equities research analysts anticipate that Dollar General Corp. will post 6.61 EPS for the current year.
The company also recently declared a — dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a dividend of $0.32 per share. The ex-dividend date was Monday, October 7th. This represents a dividend 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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