Dollar General Corporation (DG) Shares Bought by Stephens Inc. AR
Stephens Inc. AR increased its stake in Dollar General Corporation (NYSE:DG) by 64.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 18,735 shares of the company’s stock after buying an additional 7,327 shares during the quarter. Stephens Inc. AR’s holdings in Dollar General Corporation were worth $1,351,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Toronto Dominion Bank boosted its holdings in shares of Dollar General Corporation by 47.8% in the 1st quarter. Toronto Dominion Bank now owns 76,962 shares of the company’s stock worth $5,368,000 after buying an additional 24,874 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Dollar General Corporation in the 1st quarter worth about $290,000. Condor Capital Management boosted its holdings in shares of Dollar General Corporation by 1.1% in the 1st quarter. Condor Capital Management now owns 14,166 shares of the company’s stock worth $988,000 after buying an additional 161 shares during the last quarter. Thornburg Investment Management Inc. purchased a new position in shares of Dollar General Corporation in the 1st quarter worth about $9,442,000. Finally, Tricadia Capital Management LLC boosted its holdings in shares of Dollar General Corporation by 10.0% in the 1st quarter. Tricadia Capital Management LLC now owns 88,000 shares of the company’s stock worth $6,136,000 after buying an additional 8,000 shares during the last quarter. 90.61% of the stock is currently owned by institutional investors.
In related news, EVP Robert D. Ravener sold 11,257 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total value of $866,789.00. Following the transaction, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at approximately $1,740,046. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.22% of the stock is currently owned by insiders.
Several equities research analysts have commented on the stock. Deutsche Bank AG reaffirmed a “hold” rating and set a $79.00 price objective (up from $78.00) on shares of Dollar General Corporation in a report on Saturday, June 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 price objective on shares of Dollar General Corporation in a report on Tuesday, June 6th. Barclays PLC reaffirmed a “hold” rating and set a $76.00 price objective on shares of Dollar General Corporation in a report on Friday, June 2nd. Zacks Investment Research raised shares of Dollar General Corporation from a “sell” rating to a “hold” rating and set a $88.00 price objective on the stock in a report on Friday, June 2nd. Finally, Johnson Rice raised shares of Dollar General Corporation from an “accumulate” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $80.59.
Dollar General Corporation (NYSE DG) opened at 77.60 on Friday. Dollar General Corporation has a 52-week low of $65.97 and a 52-week high of $80.67. The company has a 50 day moving average of $75.65 and a 200 day moving average of $72.80. The company has a market capitalization of $21.20 billion, a PE ratio of 17.58 and a beta of 0.94.
Dollar General Corporation (NYSE:DG) last posted its quarterly earnings results on Thursday, August 31st. The company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.01. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The company had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the previous year, the firm earned $1.08 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that Dollar General Corporation will post $4.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be issued a $0.26 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.04 dividend on an annualized basis and a yield of 1.34%. Dollar General Corporation’s dividend payout ratio is presently 23.48%.
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Dollar General Corporation Profile
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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