Standard Life Aberdeen plc Boosts Position in Dollar General Corp. (DG)
Standard Life Aberdeen plc boosted its holdings in shares of Dollar General Corp. (NYSE:DG) by 161.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 242,161 shares of the company’s stock after purchasing an additional 149,684 shares during the period. Standard Life Aberdeen plc’s holdings in Dollar General were worth $23,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of DG. Community Bank N.A. raised its position in shares of Dollar General by 240.2% in the second quarter. Community Bank N.A. now owns 1,657 shares of the company’s stock worth $164,000 after acquiring an additional 1,170 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Dollar General by 50.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,784 shares of the company’s stock worth $176,000 after purchasing an additional 596 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of Dollar General during the first quarter worth about $202,000. Checchi Capital Advisers LLC purchased a new stake in shares of Dollar General during the second quarter worth about $205,000. Finally, Peapack Gladstone Financial Corp purchased a new stake in shares of Dollar General during the first quarter worth about $209,000. Institutional investors own 94.28% of the company’s stock.
In other news, EVP Robert D. Ravener sold 10,000 shares of the stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $100.03, for a total value of $1,000,300.00. Following the completion of the sale, the executive vice president now owns 38,307 shares of the company’s stock, valued at approximately $3,831,849.21. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.
Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 30th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.03. Dollar General had a net margin of 6.77% and a return on equity of 22.40%. The company had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the prior year, the company earned $1.10 EPS. Dollar General’s revenue was up 10.6% compared to the same quarter last year. equities analysts forecast that Dollar General Corp. will post 6.06 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 23rd. Stockholders of record on Tuesday, October 9th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.10%. Dollar General’s dividend payout ratio (DPR) is 25.84%.
A number of analysts have recently commented on DG shares. Raymond James raised shares of Dollar General from an “outperform” rating to a “strong-buy” rating in a research note on Friday, June 22nd. Gordon Haskett raised shares of Dollar General from an “accumulate” rating to a “buy” rating and boosted their target price for the stock from $65.97 to $67.00 in a research note on Monday, June 4th. Loop Capital reissued a “hold” rating on shares of Dollar General in a research note on Wednesday, May 30th. Morgan Stanley cut their target price on shares of Dollar General from $122.00 to $116.00 and set an “overweight” rating for the company in a research note on Friday, June 1st. Finally, Citigroup started coverage on shares of Dollar General in a research note on Friday, July 6th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $102.23.
Dollar General Company Profile
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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