Dollar General Corporation (DG) Position Boosted by Brandywine Global Investment Management LLC
Brandywine Global Investment Management LLC increased its position in shares of Dollar General Corporation (NYSE:DG) by 3.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,950 shares of the company’s stock after purchasing an additional 2,212 shares during the period. Brandywine Global Investment Management LLC’s holdings in Dollar General Corporation were worth $4,755,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Sigma Planning Corp purchased a new position in shares of Dollar General Corporation during the 2nd quarter worth about $202,000. BlackRock Inc. boosted its stake in shares of Dollar General Corporation by 4,173.7% during the 1st quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock worth $1,544,106,000 after purchasing an additional 21,625,909 shares during the period. Credit Suisse AG boosted its stake in shares of Dollar General Corporation by 16.7% during the 1st quarter. Credit Suisse AG now owns 658,667 shares of the company’s stock worth $45,928,000 after purchasing an additional 94,260 shares during the period. Prudential Financial Inc. boosted its stake in shares of Dollar General Corporation by 27.3% during the 2nd quarter. Prudential Financial Inc. now owns 453,353 shares of the company’s stock worth $32,682,000 after purchasing an additional 97,120 shares during the period. Finally, KCG Holdings Inc. boosted its stake in shares of Dollar General Corporation by 304.2% during the 1st quarter. KCG Holdings Inc. now owns 14,142 shares of the company’s stock worth $986,000 after purchasing an additional 10,643 shares during the period. 90.51% of the stock is owned by hedge funds and other institutional investors.
In other Dollar General Corporation news, EVP Robert D. Ravener sold 11,257 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the sale, the executive vice president now owns 22,598 shares of the company’s stock, valued at $1,740,046. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.22% of the stock is currently owned by company insiders.
A number of equities analysts recently commented on the stock. Jefferies Group LLC lifted their price target on shares of Dollar General Corporation from $68.00 to $73.00 and gave the stock a “hold” rating in a research note on Friday, September 1st. Bank of America Corporation reaffirmed a “buy” rating and set a $90.00 price target on shares of Dollar General Corporation in a research note on Friday, August 25th. BMO Capital Markets set a $85.00 price objective on shares of Dollar General Corporation and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Citigroup Inc. boosted their price objective on shares of Dollar General Corporation from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Finally, BidaskClub raised shares of Dollar General Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $80.79.
Dollar General Corporation (NYSE:DG) opened at 81.48 on Friday. Dollar General Corporation has a 1-year low of $65.97 and a 1-year high of $82.38. The company has a market cap of $22.27 billion, a price-to-earnings ratio of 18.46 and a beta of 0.96. The company’s 50 day moving average is $77.26 and its 200 day moving average is $73.45.
Dollar General Corporation (NYSE:DG) last issued its quarterly earnings results on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The company had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts forecast that Dollar General Corporation will post $4.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.04 dividend on an annualized basis and a yield of 1.28%. Dollar General Corporation’s payout ratio is currently 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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