Renaissance Technologies LLC Sells 117,800 Shares of Dollar General Corp. (NYSE:DG)

Renaissance Technologies LLC trimmed its stake in shares of Dollar General Corp. (NYSE:DG) by 12.9% during the fourth quarter, reports. The firm owned 795,600 shares of the company’s stock after selling 117,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Dollar General were worth $124,098,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in DG. Point72 Asset Management L.P. raised its holdings in shares of Dollar General by 468.4% in the third quarter. Point72 Asset Management L.P. now owns 876,555 shares of the company’s stock valued at $139,320,000 after buying an additional 722,328 shares during the last quarter. FMR LLC increased its stake in shares of Dollar General by 7.0% in the 4th quarter. FMR LLC now owns 9,286,940 shares of the company’s stock valued at $1,448,578,000 after acquiring an additional 609,092 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Dollar General in the 3rd quarter valued at about $28,211,000. Anchor Capital Advisors LLC grew its position in shares of Dollar General by 60.3% in the 4th quarter. Anchor Capital Advisors LLC now owns 464,398 shares of the company’s stock valued at $72,437,000 after purchasing an additional 174,610 shares during the period. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of Dollar General in the 3rd quarter valued at approximately $26,670,000. Institutional investors own 92.78% of the company’s stock.

DG stock traded down $16.51 during trading hours on Thursday, hitting $141.12. 534,308 shares of the stock were exchanged, compared to its average volume of 2,054,304. The company has a current ratio of 1.12, a quick ratio of 0.13 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $42.33 billion, a P/E ratio of 22.47, a P/E/G ratio of 1.90 and a beta of 0.44. The company has a 50-day simple moving average of $157.80 and a two-hundred day simple moving average of $157.33. Dollar General Corp. has a 12 month low of $108.74 and a 12 month high of $167.44.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 12th. The company reported $2.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.09. The firm had revenue of $7.16 billion for the quarter, compared to analyst estimates of $7.14 billion. Dollar General had a return on equity of 25.53% and a net margin of 6.09%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $1.84 earnings per share. On average, equities research analysts predict that Dollar General Corp. will post 6.65 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 7th will be paid a $0.36 dividend. This is an increase from Dollar General’s previous quarterly dividend of $0.32. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.02%. Dollar General’s dividend payout ratio (DPR) is 21.44%.

Several brokerages recently issued reports on DG. Morgan Stanley boosted their price objective on Dollar General from $170.00 to $174.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Dollar General in a research report on Monday. Guggenheim reaffirmed a “buy” rating and set a $165.00 price target on shares of Dollar General in a research report on Monday, December 2nd. Jefferies Financial Group raised Dollar General from a “hold” rating to a “buy” rating and upped their price target for the stock from $169.00 to $190.00 in a research report on Thursday, February 27th. Finally, Raymond James assumed coverage on Dollar General in a research report on Monday, February 24th. They set a “strong-buy” rating and a $185.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $164.35.

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.

Further Reading: Basic Economics

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

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