Russell Investments Group Ltd. reduced its position in shares of Dollar General Corp. (NYSE:DG) by 12.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 256,270 shares of the company’s stock after selling 35,061 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of Dollar General Corp. worth $17,871,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in DG. Financial Architects Inc boosted its stake in Dollar General Corp. by 390.7% in the third quarter. Financial Architects Inc now owns 1,526 shares of the company’s stock worth $107,000 after buying an additional 1,215 shares during the last quarter. FTB Advisors Inc. boosted its stake in Dollar General Corp. by 14.9% in the third quarter. FTB Advisors Inc. now owns 1,595 shares of the company’s stock worth $109,000 after buying an additional 207 shares during the last quarter. Alpha Windward LLC boosted its stake in Dollar General Corp. by 2.4% in the first quarter. Alpha Windward LLC now owns 1,844 shares of the company’s stock worth $129,000 after buying an additional 44 shares during the last quarter. Destination Wealth Management purchased a new position in Dollar General Corp. during the third quarter worth $202,000. Finally, Levin Capital Strategies L.P. purchased a new position in Dollar General Corp. during the fourth quarter worth $222,000. 81.93% of the stock is owned by institutional investors.
Dollar General Corp. (NYSE:DG) opened at 72.06 on Friday. The company has a 50 day moving average price of $70.78 and a 200-day moving average price of $73.20. Dollar General Corp. has a 12 month low of $66.50 and a 12 month high of $96.88. The company has a market cap of $19.82 billion, a PE ratio of 16.27 and a beta of 0.84.
Dollar General Corp. (NYSE:DG) last announced its earnings results on Thursday, March 16th. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. The business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.96 billion. Dollar General Corp. had a return on equity of 22.79% and a net margin of 5.70%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 EPS. Equities analysts predict that Dollar General Corp. will post $4.45 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 26th. Shareholders of record on Tuesday, April 11th were paid a $0.26 dividend. This is a positive change from Dollar General Corp.’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Friday, April 7th. Dollar General Corp.’s dividend payout ratio is currently 23.53%.
A number of equities analysts have weighed in on DG shares. Bank of America Corp downgraded Dollar General Corp. from a “buy” rating to a “neutral” rating and set a $81.00 price target for the company. in a research report on Friday, January 13th. Zacks Investment Research raised Dollar General Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, January 31st. Sanford C. Bernstein started coverage on Dollar General Corp. in a research report on Monday, February 6th. They set an “outperform” rating and a $91.00 price target for the company. MKM Partners reaffirmed a “buy” rating and set a $83.00 price target on shares of Dollar General Corp. in a research report on Wednesday, February 22nd. Finally, Credit Suisse Group AG set a $69.00 price target on Dollar General Corp. and gave the stock a “hold” rating in a research report on Thursday, March 2nd. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $82.81.
About Dollar General Corp.
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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