Rockbridge Investment Management LCC purchased a new position in shares of Dollar General Corp. (NYSE:DG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 220 shares of the company’s stock, valued at approximately $42,000.
Other large investors have also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Dollar General by 0.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,577 shares of the company’s stock valued at $1,144,000 after acquiring an additional 63 shares during the last quarter. AIA Investment Management Private Ltd boosted its position in Dollar General by 6.0% during the 1st quarter. AIA Investment Management Private Ltd now owns 1,366 shares of the company’s stock worth $206,000 after purchasing an additional 77 shares during the period. Bahl & Gaynor Inc. boosted its position in Dollar General by 4.8% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,822 shares of the company’s stock worth $275,000 after purchasing an additional 83 shares during the period. Meridian Wealth Management LLC boosted its position in Dollar General by 2.5% during the 2nd quarter. Meridian Wealth Management LLC now owns 3,407 shares of the company’s stock worth $649,000 after purchasing an additional 84 shares during the period. Finally, MBM Wealth Consultants LLC boosted its position in Dollar General by 2.5% during the 1st quarter. MBM Wealth Consultants LLC now owns 3,488 shares of the company’s stock worth $527,000 after purchasing an additional 85 shares during the period. 91.08% of the stock is currently owned by institutional investors and hedge funds.
DG traded up $0.59 on Wednesday, hitting $203.46. 45,716 shares of the company’s stock were exchanged, compared to its average volume of 2,311,249. The firm has a market cap of $50.52 billion, a PE ratio of 22.05, a P/E/G ratio of 1.65 and a beta of 0.49. Dollar General Corp. has a twelve month low of $125.00 and a twelve month high of $206.98. The stock has a fifty day moving average of $196.70 and a two-hundred day moving average of $180.57. The company has a current ratio of 1.40, a quick ratio of 0.59 and a debt-to-equity ratio of 0.56.
Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 27th. The company reported $3.12 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.68. Dollar General had a net margin of 7.48% and a return on equity of 33.51%. The firm had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same quarter in the prior year, the business earned $1.74 earnings per share. Dollar General’s quarterly revenue was up 24.4% on a year-over-year basis. On average, analysts predict that Dollar General Corp. will post 9.49 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 6th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. Dollar General’s payout ratio is currently 21.40%.
A number of brokerages recently weighed in on DG. Deutsche Bank upped their price target on shares of Dollar General from $159.00 to $187.00 and gave the stock a “hold” rating in a research report on Tuesday, May 26th. KeyCorp upped their price objective on shares of Dollar General from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, August 31st. Guggenheim upped their price objective on shares of Dollar General from $170.00 to $210.00 in a research report on Monday, June 15th. Raymond James reissued a “buy” rating and issued a $235.00 price objective on shares of Dollar General in a research report on Friday, August 28th. Finally, Bank of America upped their price objective on shares of Dollar General from $220.00 to $229.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $212.67.
In other Dollar General news, CFO John W. Garratt sold 8,759 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $201.20, for a total value of $1,762,310.80. Following the sale, the chief financial officer now owns 14,924 shares in the company, valued at $3,002,708.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anita C. Elliott sold 11,032 shares of the stock in a transaction that occurred on Friday, June 19th. The shares were sold at an average price of $192.77, for a total transaction of $2,126,638.64. Following the completion of the transaction, the chief accounting officer now owns 15,158 shares of the company’s stock, valued at $2,922,007.66. The disclosure for this sale can be found here. Insiders sold 88,102 shares of company stock worth $17,502,742 in the last 90 days. 0.72% of the stock is owned by company insiders.
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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