DLD Asset Management LP Purchases Shares of 2,448 Dollar General Corporation $DG

DLD Asset Management LP purchased a new position in shares of Dollar General Corporation (NYSE:DG) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,448 shares of the company’s stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Dollar General by 1.5% in the second quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock worth $3,067,403,000 after purchasing an additional 384,447 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Dollar General by 2.6% in the first quarter. Invesco Ltd. now owns 3,469,568 shares of the company’s stock valued at $305,079,000 after buying an additional 89,067 shares during the last quarter. Baupost Group LLC MA lifted its position in Dollar General by 2.1% during the 1st quarter. Baupost Group LLC MA now owns 2,104,876 shares of the company’s stock worth $185,082,000 after buying an additional 44,076 shares in the last quarter. Northern Trust Corp grew its holdings in Dollar General by 2.6% during the 1st quarter. Northern Trust Corp now owns 2,076,851 shares of the company’s stock worth $182,618,000 after acquiring an additional 52,961 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Dollar General by 251.6% in the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock valued at $178,983,000 after acquiring an additional 1,456,549 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Trading Up 4.3%

NYSE:DG opened at $108.81 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $117.95. The firm has a market capitalization of $23.95 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 2.10 and a beta of 0.30. The business’s 50-day moving average price is $102.06 and its two-hundred day moving average price is $106.39.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same period in the prior year, the business posted $1.70 EPS. Dollar General’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Evercore ISI reduced their target price on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 7th. Sanford C. Bernstein upped their price objective on Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Morgan Stanley increased their price objective on Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Wolfe Research began coverage on Dollar General in a research report on Thursday, September 18th. They set an “outperform” rating and a $139.00 target price for the company. Finally, The Goldman Sachs Group cut Dollar General from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $118.14.

Dollar General Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.