Envestnet Asset Management Inc. Has $7.26 Million Holdings in Dollar General Corp. (DG)
Envestnet Asset Management Inc. lessened its position in shares of Dollar General Corp. (NYSE:DG) by 22.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,531 shares of the company’s stock after selling 26,503 shares during the period. Envestnet Asset Management Inc.’s holdings in Dollar General were worth $7,257,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of DG. Polen Capital Management LLC raised its position in Dollar General by 3.2% in the 3rd quarter. Polen Capital Management LLC now owns 4,935,680 shares of the company’s stock valued at $400,037,000 after purchasing an additional 154,938 shares during the last quarter. Private Advisor Group LLC increased its stake in Dollar General by 50.4% in the 3rd quarter. Private Advisor Group LLC now owns 6,703 shares of the company’s stock valued at $535,000 after buying an additional 2,246 shares during the period. BB&T Investment Services Inc. increased its stake in Dollar General by 43.7% in the 3rd quarter. BB&T Investment Services Inc. now owns 27,945 shares of the company’s stock valued at $2,269,000 after buying an additional 8,500 shares during the period. Stifel Financial Corp increased its stake in Dollar General by 6.9% in the 3rd quarter. Stifel Financial Corp now owns 35,984 shares of the company’s stock valued at $2,926,000 after buying an additional 2,335 shares during the period. Finally, OxFORD Asset Management LLP acquired a new position in Dollar General in the 3rd quarter valued at $1,718,000. Institutional investors and hedge funds own 89.90% of the company’s stock.
Several equities analysts have issued reports on the stock. Telsey Advisory Group boosted their price objective on shares of Dollar General from $86.00 to $98.00 and gave the company a “market perform” rating in a research note on Friday. UBS reissued a “buy” rating and issued a $99.00 price objective (up from $85.00) on shares of Dollar General in a research note on Monday. Deutsche Bank boosted their price objective on shares of Dollar General to $97.00 and gave the company a “buy” rating in a research note on Thursday. BMO Capital Markets reaffirmed a “hold” rating on shares of Dollar General in a research note on Wednesday, September 27th. Finally, Moffett Nathanson assumed coverage on shares of Dollar General in a research note on Monday. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company. Dollar General currently has a consensus rating of “Hold” and an average price target of $84.80.
Dollar General (NYSE:DG) last released its earnings results on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). The firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General had a net margin of 5.38% and a return on equity of 22.67%. Dollar General’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $0.89 earnings per share. equities analysts anticipate that Dollar General Corp. will post 4.5 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.11%. Dollar General’s dividend payout ratio (DPR) is 23.48%.
In other Dollar General news, EVP Robert D. Ravener sold 11,257 shares of the company’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 transaction, the executive vice president now directly owns 22,598 shares in the company, valued at approximately $1,740,046. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by corporate insiders.
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About Dollar General
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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