Renaissance Technologies LLC Purchases 664,600 Shares of Dollar General Corp. (DG)

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Renaissance Technologies LLC raised its position in Dollar General Corp. (NYSE:DG) by 205.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 988,800 shares of the company’s stock after acquiring an additional 664,600 shares during the period. Renaissance Technologies LLC owned about 0.37% of Dollar General worth $97,496,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Wells Fargo & Company MN raised its holdings in shares of Dollar General by 20.7% in the 1st quarter. Wells Fargo & Company MN now owns 2,150,705 shares of the company’s stock worth $201,197,000 after buying an additional 368,401 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Dollar General by 8.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 12,028 shares of the company’s stock worth $1,125,000 after buying an additional 928 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Dollar General in the 1st quarter worth approximately $621,000. Mackay Shields LLC acquired a new position in shares of Dollar General in the 1st quarter worth approximately $4,102,000. Finally, Commerce Bank raised its holdings in shares of Dollar General by 5.4% in the 1st quarter. Commerce Bank now owns 10,191 shares of the company’s stock worth $953,000 after buying an additional 522 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on DG. Credit Suisse Group set a $108.00 target price on Dollar General and gave the stock a “hold” rating in a report on Sunday, September 2nd. Morgan Stanley increased their target price on Dollar General from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Friday, August 31st. Deutsche Bank increased their target price on Dollar General from $123.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 31st. Loop Capital increased their target price on Dollar General from $97.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, August 30th. Finally, Wells Fargo & Co increased their target price on Dollar General from $113.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, August 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $103.33.

DG stock opened at $110.82 on Friday. Dollar General Corp. has a fifty-two week low of $74.32 and a fifty-two week high of $112.31. The firm has a market cap of $29.51 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 1.34 and a beta of 0.94. The company has a quick ratio of 0.23, a current ratio of 1.55 and a debt-to-equity ratio of 0.44.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 30th. The company reported $1.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.03. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. The firm had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period last year, the firm posted $1.10 EPS. The business’s revenue was up 10.6% on a year-over-year basis. equities research analysts expect that Dollar General Corp. will post 6.1 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 23rd. Investors of record on Tuesday, October 9th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, October 5th. This represents a $1.16 dividend on an annualized basis and a yield of 1.05%. Dollar General’s dividend payout ratio is 25.84%.

In related news, EVP Robert D. Ravener sold 10,000 shares of the firm’s stock in a transaction on Friday, June 22nd. The stock was sold at an average price of $100.03, for a total transaction of $1,000,300.00. Following the completion of the sale, the executive vice president now directly owns 38,307 shares of the company’s stock, valued at approximately $3,831,849.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.41% of the company’s stock.

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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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