Carlson Capital Management Buys New Holdings in Dollar General Corp. (DG)

Carlson Capital Management bought a new stake in Dollar General Corp. (NYSE:DG) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,975 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors have also recently modified their holdings of the company. Community Bank N.A. boosted its holdings in Dollar General by 240.2% in the second quarter. Community Bank N.A. now owns 1,657 shares of the company’s stock valued at $164,000 after acquiring an additional 1,170 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Dollar General by 50.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,784 shares of the company’s stock worth $176,000 after purchasing an additional 596 shares in the last quarter. Visionary Asset Management Inc. acquired a new position in shares of Dollar General during the third quarter worth about $221,000. Raymond James Trust N.A. acquired a new position in shares of Dollar General during the third quarter worth about $221,000. Finally, Checchi Capital Advisers LLC acquired a new position in shares of Dollar General during the second quarter worth about $205,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Shares of NYSE DG traded up $0.86 during midday trading on Friday, reaching $109.78. 148,457 shares of the company’s stock were exchanged, compared to its average volume of 2,581,565. Dollar General Corp. has a 52-week low of $79.79 and a 52-week high of $112.59. The firm has a market cap of $29.15 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 1.32 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.21 and a current ratio of 1.55.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 30th. The company reported $1.52 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period in the previous year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, research analysts predict that Dollar General Corp. will post 6.1 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 23rd. Stockholders of record on Tuesday, October 9th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, October 5th. Dollar General’s payout ratio is 25.84%.

DG has been the topic of a number of recent research reports. Guggenheim restated a “buy” rating and set a $115.00 price objective on shares of Dollar General in a research note on Monday, August 20th. ValuEngine upgraded Dollar General from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Zacks Investment Research upgraded Dollar General from a “sell” rating to a “buy” rating and set a $115.00 price objective on the stock in a research note on Tuesday, August 14th. Citigroup initiated coverage on Dollar General in a research note on Friday, July 6th. They set a “buy” rating on the stock. Finally, MKM Partners boosted their price objective on Dollar General to $117.00 and gave the stock a “buy” rating in a research note on Tuesday, August 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Dollar General has an average rating of “Buy” and a consensus price target of $106.35.

In other news, EVP Robert D. Ravener sold 22,440 shares of Dollar General stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $111.49, for a total transaction of $2,501,835.60. Following the sale, the executive vice president now directly owns 50,747 shares of the company’s stock, valued at $5,657,783.03. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by insiders.

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

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