USA Financial Portformulas Corp Buys Shares of 3,838 Dollar General Corp. (DG)

USA Financial Portformulas Corp bought a new stake in Dollar General Corp. (NYSE:DG) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,838 shares of the company’s stock, valued at approximately $378,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Community Bank N.A. lifted its position in Dollar General by 240.2% during the 2nd quarter. Community Bank N.A. now owns 1,657 shares of the company’s stock worth $164,000 after acquiring an additional 1,170 shares during the period. HighPoint Advisor Group LLC acquired a new stake in Dollar General during the 3rd quarter worth approximately $173,000. Steward Partners Investment Advisory LLC lifted its position in Dollar General by 50.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,784 shares of the company’s stock worth $176,000 after acquiring an additional 596 shares during the period. Financial Counselors Inc. acquired a new stake in Dollar General during the 3rd quarter worth approximately $201,000. Finally, Checchi Capital Advisers LLC acquired a new stake in Dollar General during the 2nd quarter worth approximately $205,000. 95.61% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Robert D. Ravener sold 22,440 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $111.49, for a total value of $2,501,835.60. Following the completion of the transaction, the executive vice president now directly owns 50,747 shares of the company’s stock, valued at approximately $5,657,783.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is owned by company insiders.

DG has been the subject of a number of recent research reports. Guggenheim reaffirmed a “buy” rating and set a $115.00 price objective on shares of Dollar General in a research report on Monday, August 20th. ValuEngine raised Dollar General from a “hold” rating to a “buy” rating in a research report on Saturday, August 18th. Zacks Investment Research raised Dollar General from a “sell” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Tuesday, August 14th. MKM Partners increased their price objective on Dollar General to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, August 28th. Finally, Deutsche Bank increased their price objective on Dollar General from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. 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 issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $106.35.

DG opened at $112.12 on Friday. The company has a quick ratio of 0.21, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $29.77 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 1.35 and a beta of 0.82. Dollar General Corp. has a 12 month low of $79.79 and a 12 month high of $114.66.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 23rd. Stockholders of record on Tuesday, October 9th were issued a $0.29 dividend. The ex-dividend date was Friday, October 5th. This represents a $1.16 annualized dividend and a dividend yield of 1.03%. Dollar General’s dividend payout ratio is currently 25.84%.

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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