Hennessy Advisors Inc. Trims Stake in Dollar General Corporation (DG)
Hennessy Advisors Inc. reduced its position in Dollar General Corporation (NYSE:DG) by 7.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 25,900 shares of the company’s stock after selling 2,000 shares during the period. Hennessy Advisors Inc.’s holdings in Dollar General Corporation were worth $1,867,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Dollar General Corporation by 4,173.7% in the 1st quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock valued at $1,544,106,000 after purchasing an additional 21,625,909 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Dollar General Corporation by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 17,300,011 shares of the company’s stock valued at $1,206,329,000 after purchasing an additional 430,091 shares during the last quarter. Longview Partners Guernsey LTD purchased a new stake in shares of Dollar General Corporation in the 2nd quarter valued at about $577,548,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Dollar General Corporation by 281.5% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,740,089 shares of the company’s stock valued at $330,886,000 after purchasing an additional 3,497,733 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Dollar General Corporation by 3.9% in the 1st quarter. FMR LLC now owns 4,569,613 shares of the company’s stock valued at $318,639,000 after purchasing an additional 170,656 shares during the last quarter. 90.61% of the stock is owned by institutional investors and hedge funds.
Dollar General Corporation (DG) opened at 75.56 on Monday. The firm has a market cap of $20.72 billion, a PE ratio of 17.08 and a beta of 0.94. Dollar General Corporation has a 52-week low of $65.97 and a 52-week high of $80.67. The firm’s 50-day moving average price is $75.13 and its 200 day moving average price is $72.79.
Dollar General Corporation (NYSE:DG) last released its quarterly earnings results on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.01. The company had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 earnings per share. On average, equities analysts anticipate that Dollar General Corporation will post $4.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th will be issued 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 1.38%. Dollar General Corporation’s dividend payout ratio (DPR) is presently 23.48%.
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DG has been the subject of several research reports. Gordon Haskett raised Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a report on Thursday, June 1st. Zacks Investment Research raised Dollar General Corporation from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Wednesday, June 21st. Johnson Rice raised Dollar General Corporation from an “accumulate” rating to a “buy” rating in a report on Friday, June 2nd. Bank of America Corporation reissued a “buy” rating and issued a $90.00 target price on shares of Dollar General Corporation in a report on Friday, August 25th. Finally, BidaskClub raised Dollar General Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $80.68.
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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