Nippon Life Global Investors Americas Inc. lowered its stake in shares of Dollar General Corp. (NYSE:DG) by 7.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,260 shares of the company’s stock after selling 3,530 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Dollar General were worth $7,194,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Dollar General by 3.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 25,655,326 shares of the company’s stock valued at $3,467,574,000 after purchasing an additional 957,133 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Dollar General by 3.3% in the second quarter. BlackRock Inc. now owns 23,673,230 shares of the company’s stock valued at $3,199,675,000 after purchasing an additional 762,969 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Dollar General by 0.8% in the second quarter. Vanguard Group Inc. now owns 19,872,314 shares of the company’s stock valued at $2,685,943,000 after purchasing an additional 162,201 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Dollar General by 2.8% in the second 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 in the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt lifted its holdings in shares of Dollar General by 15.8% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 2,193,000 shares of the company’s stock valued at $296,340,000 after purchasing an additional 300,000 shares in the last quarter. 93.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DG traded down $0.06 on Monday, hitting $164.35. 1,290,117 shares of the stock traded hands, compared to its average volume of 1,906,888. The company has a quick ratio of 0.12, a current ratio of 1.14 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $42.09 billion, a P/E ratio of 27.53, a P/E/G ratio of 2.56 and a beta of 0.54. The stock’s 50 day moving average is $159.58 and its two-hundred day moving average is $138.66. Dollar General Corp. has a 1 year low of $98.08 and a 1 year high of $165.47.
Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.16. The business had revenue of $6.98 billion for the quarter, compared to the consensus estimate of $6.89 billion. Dollar General had a net margin of 6.11% and a return on equity of 25.34%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 earnings per share. Research analysts forecast that Dollar General Corp. will post 6.61 EPS for the current year.
The business also recently declared a — dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be given a dividend of $0.32 per share. This represents a yield of 0.8%. The ex-dividend date is Monday, October 7th. Dollar General’s dividend payout ratio (DPR) is 21.44%.
Several analysts have issued reports on the stock. Buckingham Research upped their price target on shares of Dollar General from $152.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 30th. Oppenheimer raised shares of Dollar General to an “overweight” rating and upped their price target for the company from $153.00 to $173.00 in a report on Friday, September 6th. Sanford C. Bernstein raised shares of Dollar General from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 11th. Telsey Advisory Group upped their price target on shares of Dollar General from $145.00 to $168.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, BMO Capital Markets upped their price target on shares of 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $162.95.
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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