Glen Harbor Capital Management LLC grew its stake in shares of Dollar General Corp. (NYSE:DG) by 27.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 93,602 shares of the company’s stock after acquiring an additional 20,298 shares during the period. Glen Harbor Capital Management LLC’s holdings in Dollar General were worth $9,229,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Summit Trail Advisors LLC lifted its holdings in shares of Dollar General by 8,228.6% in the first quarter. Summit Trail Advisors LLC now owns 3,050,695 shares of the company’s stock valued at $3,051,000 after purchasing an additional 3,014,066 shares in the last quarter. Polen Capital Management LLC lifted its holdings in shares of Dollar General by 35.7% in the first quarter. Polen Capital Management LLC now owns 6,756,945 shares of the company’s stock valued at $632,112,000 after purchasing an additional 1,779,432 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Dollar General by 12.4% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,450,172 shares of the company’s stock valued at $635,987,000 after purchasing an additional 711,483 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Dollar General by 182.7% in the second quarter. Janus Henderson Group PLC now owns 1,040,981 shares of the company’s stock valued at $102,641,000 after purchasing an additional 672,761 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Dollar General by 205.0% in the second quarter. Renaissance Technologies LLC now owns 988,800 shares of the company’s stock valued at $97,496,000 after purchasing an additional 664,600 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.
Dollar General stock opened at $111.12 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.23 and a current ratio of 1.55. The firm has a market cap of $29.49 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 1.34 and a beta of 0.94. Dollar General Corp. has a one year low of $74.32 and a one year high of $111.87.
Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 30th. The company reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.03. The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.38 billion. Dollar General had a net margin of 7.06% and a return on equity of 23.51%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. sell-side analysts predict that Dollar General Corp. will post 6.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 23rd. Shareholders of record on Tuesday, October 9th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.04%. The ex-dividend date is Friday, October 5th. Dollar General’s payout ratio is 25.84%.
A number of equities analysts have recently weighed in on DG shares. Zacks Investment Research downgraded shares of Dollar General from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Citigroup started coverage on shares of Dollar General in a research note on Friday, July 6th. They issued a “buy” rating on the stock. Gordon Haskett raised shares of Dollar General from an “accumulate” rating to a “buy” rating and upped their price target for the stock from $65.97 to $67.00 in a research note on Monday, June 4th. Guggenheim reaffirmed a “buy” rating and issued a $115.00 price target on shares of Dollar General in a research note on Monday, August 20th. Finally, Raymond James raised shares of Dollar General from an “outperform” rating to a “strong-buy” rating in a research note on Friday, June 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Dollar General has a consensus rating of “Buy” and an average price target of $103.33.
In other Dollar General news, EVP Robert D. Ravener sold 10,000 shares of the stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $100.03, for a total transaction of $1,000,300.00. Following the transaction, the executive vice president now directly owns 38,307 shares of the company’s stock, valued at $3,831,849.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.41% of the company’s stock.
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.
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