Rampart Investment Management Company LLC lowered its holdings in Dollar General Corp. (NYSE:DG) by 16.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,228 shares of the company’s stock after selling 4,003 shares during the period. Rampart Investment Management Company LLC’s holdings in Dollar General were worth $2,734,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Clean Yield Group acquired a new stake in Dollar General during the second quarter valued at approximately $26,000. JNBA Financial Advisors raised its stake in Dollar General by 106.4% during the second quarter. JNBA Financial Advisors now owns 194 shares of the company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. Squar Milner Financial Services LLC raised its stake in Dollar General by 73.0% during the second quarter. Squar Milner Financial Services LLC now owns 192 shares of the company’s stock valued at $26,000 after buying an additional 81 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Dollar General during the second quarter valued at approximately $27,000. Finally, Penserra Capital Management LLC acquired a new stake in Dollar General during the first quarter valued at approximately $39,000. 92.76% of the stock is owned by hedge funds and other institutional investors.
Shares of Dollar General stock traded up $2.25 on Tuesday, reaching $155.42. 54,119 shares of the company were exchanged, compared to its average volume of 2,105,560. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.12 and a current ratio of 1.14. The company’s 50-day moving average is $143.87 and its two-hundred day moving average is $131.28. The firm has a market cap of $40.56 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 2.14 and a beta of 0.55. Dollar General Corp. has a 1-year low of $98.08 and a 1-year high of $162.34.
Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 29th. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.58 by $0.16. Dollar General had a return on equity of 25.34% and a net margin of 6.11%. The firm had revenue of $6.98 billion for the quarter, compared to analysts’ expectations of $6.89 billion. During the same period last year, the firm earned $1.52 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Dollar General Corp. will post 6.6 earnings per share for the current year.
The firm also recently announced a — dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be given a $0.32 dividend. This represents a yield of 0.8%. The ex-dividend date of this dividend is Monday, October 7th. Dollar General’s dividend payout ratio is currently 21.44%.
Several analysts have issued reports on DG shares. Buckingham Research upped their price objective on Dollar General from $152.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Barclays upped their price objective on Dollar General from $141.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Telsey Advisory Group upped their price objective on Dollar General from $145.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. KeyCorp set a $180.00 price target on Dollar General and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Zacks Investment Research upgraded Dollar General from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a research report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company. Dollar General has a consensus rating of “Buy” and a consensus price target of $158.32.
Dollar General 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.
See Also: Producer Price Index (PPI)
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