Korea Investment CORP lifted its stake in Dollar General Corp. (NYSE:DG) by 8.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 465,612 shares of the company’s stock after buying an additional 34,900 shares during the period. Korea Investment CORP owned approximately 0.18% of Dollar General worth $62,932,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DG. BlackRock Inc. increased its holdings in Dollar General by 3.2% during the 1st quarter. BlackRock Inc. now owns 22,910,261 shares of the company’s stock valued at $2,733,192,000 after purchasing an additional 703,219 shares during the period. FMR LLC increased its holdings in Dollar General by 21.3% during the 1st quarter. FMR LLC now owns 8,825,495 shares of the company’s stock valued at $1,052,882,000 after purchasing an additional 1,550,529 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in Dollar General by 2.8% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,300,795 shares of the company’s stock valued at $716,455,000 after purchasing an additional 144,950 shares during the period. Geode Capital Management LLC increased its holdings in Dollar General by 9.7% during the 4th quarter. Geode Capital Management LLC now owns 3,767,235 shares of the company’s stock valued at $406,512,000 after purchasing an additional 334,530 shares during the period. Finally, Northern Trust Corp increased its holdings in Dollar General by 3.0% during the 1st quarter. Northern Trust Corp now owns 3,757,925 shares of the company’s stock valued at $448,320,000 after purchasing an additional 110,672 shares during the period. Hedge funds and other institutional investors own 92.30% of the company’s stock.
Dollar General stock traded up $1.71 during trading hours on Wednesday, hitting $157.34. 727,874 shares of the stock traded hands, compared to its average volume of 1,834,225. The firm’s 50-day moving average price is $139.47 and its two-hundred day moving average price is $128.88. The company has a current ratio of 1.14, a quick ratio of 0.12 and a debt-to-equity ratio of 1.49. The company has a market cap of $40.13 billion, a PE ratio of 26.36, a PEG ratio of 2.20 and a beta of 0.55. Dollar General Corp. has a one year low of $98.08 and a one year high of $158.91.
Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 return on equity of 25.34% and a net margin of 6.11%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 EPS. On average, sell-side analysts expect that Dollar General Corp. will post 6.5 earnings per share for the current fiscal year.
The business also recently declared a — dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a $0.32 dividend. The ex-dividend date is Monday, October 7th. This represents a dividend yield of 0.8%. Dollar General’s dividend payout ratio is currently 21.44%.
DG has been the topic of a number of research analyst reports. Loop Capital restated a “buy” rating and set a $175.00 price target (up previously from $156.00) on shares of Dollar General in a report on Thursday, August 29th. BMO Capital Markets boosted their price target on Dollar General from $140.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, August 30th. They noted that the move was a valuation call. Raymond James set a $180.00 price target on Dollar General and gave the company a “buy” rating in a report on Friday, August 30th. Royal Bank of Canada boosted their price target on Dollar General from $133.00 to $139.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Finally, Wells Fargo & Co downgraded Dollar General from an “outperform” rating to a “market perform” rating and set a $140.00 price target on the stock. in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nineteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $157.38.
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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