Candriam Luxembourg S.C.A. Decreases Holdings in Dollar General Corporation (DG)
Candriam Luxembourg S.C.A. lessened its holdings in Dollar General Corporation (NYSE:DG) by 76.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,313 shares of the company’s stock after selling 62,701 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Dollar General Corporation were worth $1,565,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Sun Life Financial INC boosted its holdings in Dollar General Corporation by 18,170.0% in the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after purchasing an additional 1,817 shares during the period. Alpha Windward LLC boosted its holdings in Dollar General Corporation by 3.0% in the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock worth $137,000 after purchasing an additional 56 shares during the period. Huntington National Bank boosted its holdings in Dollar General Corporation by 4.0% in the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock worth $142,000 after purchasing an additional 75 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Dollar General Corporation by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after purchasing an additional 48 shares during the period. Finally, Harbour Capital Advisors LLC boosted its holdings in Dollar General Corporation by 7,109.3% in the second quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock worth $150,000 after purchasing an additional 10,664 shares during the period. 89.31% 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 business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total value of $866,789.00. Following the sale, the executive vice president now directly owns 22,598 shares in the company, valued at $1,740,046. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.22% of the stock is currently owned by insiders.
Shares of Dollar General Corporation (NYSE:DG) opened at $85.50 on Friday. Dollar General Corporation has a one year low of $65.97 and a one year high of $85.52. The company has a current ratio of 1.42, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47. The firm has a market cap of $23,360.00, a PE ratio of 18.46, a P/E/G ratio of 1.64 and a beta of 0.93.
Dollar General Corporation (NYSE:DG) last issued its quarterly earnings results on Thursday, August 31st. The company reported $1.10 EPS for the quarter, topping the consensus estimate 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 firm 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 business earned $1.08 earnings per share. Dollar General Corporation’s revenue for the quarter was up 8.1% compared to the same quarter last year. research analysts predict that Dollar General Corporation will post 4.5 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, October 6th. Dollar General Corporation’s dividend payout ratio (DPR) is presently 23.53%.
A number of equities analysts have commented on DG shares. Zacks Investment Research raised shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Monday, August 28th. BidaskClub raised shares of Dollar General Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Bank of America Corporation reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Dollar General Corporation in a report on Friday, August 25th. Citigroup Inc. lifted their price objective on shares of Dollar General Corporation from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Dollar General Corporation in a report on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $80.98.
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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