Dollar General Corp. (DG) Stake Decreased by Man Group plc

Man Group plc cut its position in shares of Dollar General Corp. (NYSE:DG) by 17.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 274,213 shares of the company’s stock after selling 56,548 shares during the quarter. Man Group plc’s holdings in Dollar General were worth $29,971,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Dollar General by 1.5% during the third quarter. BlackRock Inc. now owns 19,497,708 shares of the company’s stock worth $2,131,098,000 after acquiring an additional 296,432 shares in the last quarter. Polen Capital Management LLC boosted its stake in Dollar General by 0.5% during the third quarter. Polen Capital Management LLC now owns 7,049,753 shares of the company’s stock worth $770,538,000 after acquiring an additional 37,568 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Dollar General by 12.4% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,450,172 shares of the company’s stock worth $635,987,000 after acquiring an additional 711,483 shares in the last quarter. FMR LLC boosted its stake in Dollar General by 8.9% during the third quarter. FMR LLC now owns 5,996,914 shares of the company’s stock worth $655,463,000 after acquiring an additional 490,171 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Dollar General by 4.0% during the second quarter. Northern Trust Corp now owns 3,926,023 shares of the company’s stock worth $387,106,000 after acquiring an additional 151,939 shares in the last quarter. Institutional investors own 94.13% of the company’s stock.

Dollar General stock opened at $104.98 on Friday. Dollar General Corp. has a 1-year low of $85.54 and a 1-year high of $118.45. The firm has a market capitalization of $27.60 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 1.55.

Dollar General (NYSE:DG) last released its quarterly earnings data on Tuesday, December 4th. The company reported $1.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.26. Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The firm had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period last year, the firm earned $0.93 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities research analysts predict that Dollar General Corp. will post 6 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 22nd. Investors of record on Tuesday, January 8th 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 1.10%. The ex-dividend date of this dividend is Monday, January 7th. Dollar General’s payout ratio is currently 25.84%.

Several research analysts recently issued reports on the stock. Loop Capital increased their target price on shares of Dollar General from $97.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, August 30th. Buckingham Research assumed coverage on shares of Dollar General in a research note on Tuesday, September 25th. They set a “buy” rating and a $125.00 target price on the stock. Zacks Investment Research lowered shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Monday, August 20th. ValuEngine raised shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Finally, Credit Suisse Group set a $99.00 price objective on shares of Dollar General and gave the company a “hold” rating in a research note on Monday, August 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Dollar General presently has a consensus rating of “Buy” and a consensus target price of $108.00.

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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.

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

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