Sterling Capital Management LLC increased its stake in Dollar General Corporation (NYSE:DG) by 5,174.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 760,895 shares of the company’s stock after buying an additional 746,468 shares during the quarter. Sterling Capital Management LLC owned approximately 0.28% of Dollar General Corporation worth $54,853,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. Sun Life Financial INC raised its stake in Dollar General Corporation by 18,170.0% in the 2nd quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock valued at $132,000 after acquiring an additional 1,817 shares during the period. Alpha Windward LLC raised its stake in Dollar General Corporation by 3.0% in the 2nd quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock valued at $137,000 after acquiring an additional 56 shares during the period. Huntington National Bank raised its stake in Dollar General Corporation by 4.0% in the 2nd quarter. Huntington National Bank now owns 1,965 shares of the company’s stock valued at $142,000 after acquiring an additional 75 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Dollar General Corporation by 2.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after acquiring an additional 48 shares during the period. Finally, Harbour Capital Advisors LLC raised its stake in Dollar General Corporation by 7,109.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock valued at $150,000 after acquiring an additional 10,664 shares during the period. 90.54% of the stock is owned by institutional investors.
In related news, EVP Robert D. Ravener sold 11,257 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. Following the sale, the executive vice president now directly owns 22,598 shares in the company, valued at approximately $1,740,046. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.22% of the company’s stock.
DG has been the topic of a number of research analyst reports. Deutsche Bank AG restated a “hold” rating and issued a $78.00 price target on shares of Dollar General Corporation in a research note on Tuesday, July 4th. BidaskClub cut Dollar General Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Jefferies Group LLC restated a “hold” rating and issued a $68.00 price target on shares of Dollar General Corporation in a research note on Wednesday, July 19th. Buckingham Research restated a “neutral” rating and issued a $75.00 price target on shares of Dollar General Corporation in a research note on Monday, August 7th. Finally, BMO Capital Markets set a $85.00 price target on Dollar General Corporation and gave the company a “hold” rating in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $80.79.
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Dollar General Corporation (NYSE DG) traded down 0.32% during mid-day trading on Thursday, hitting $82.28. The stock had a trading volume of 686,181 shares. The stock has a market capitalization of $22.48 billion, a P/E ratio of 18.64 and a beta of 0.96. Dollar General Corporation has a 52 week low of $65.97 and a 52 week high of $82.77. The company’s 50 day moving average is $77.94 and its 200-day moving average is $73.78.
Dollar General Corporation (NYSE:DG) last released its quarterly earnings data on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The company had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the previous year, the company posted $1.08 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts expect that Dollar General Corporation will post $4.51 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, October 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.26%. Dollar General Corporation’s payout ratio is 23.48%.
About Dollar General Corporation
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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