Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Dollar General Corp. (NYSE:DG) by 23.7% in the third quarter, HoldingsChannel.com reports. The firm owned 181,428 shares of the company’s stock after acquiring an additional 34,715 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Dollar General were worth $19,830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Community Bank N.A. boosted its holdings in Dollar General by 240.2% during the 2nd quarter. Community Bank N.A. now owns 1,657 shares of the company’s stock valued at $164,000 after acquiring an additional 1,170 shares during the period. HighPoint Advisor Group LLC purchased a new position in Dollar General during the 3rd quarter valued at about $173,000. Steward Partners Investment Advisory LLC boosted its holdings in Dollar General by 50.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,784 shares of the company’s stock valued at $176,000 after acquiring an additional 596 shares during the period. Financial Counselors Inc. purchased a new position in Dollar General during the 3rd quarter valued at about $201,000. Finally, Synovus Financial Corp boosted its holdings in Dollar General by 73.2% during the 3rd quarter. Synovus Financial Corp now owns 1,826 shares of the company’s stock valued at $201,000 after acquiring an additional 772 shares during the period. Institutional investors and hedge funds own 95.48% of the company’s stock.

Shares of DG opened at $116.10 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 0.21. The stock has a market capitalization of $30.79 billion, a PE ratio of 21.71, a P/E/G ratio of 1.40 and a beta of 0.82. Dollar General Corp. has a 1 year low of $81.10 and a 1 year high of $118.45.

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. The business had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 EPS. As a group, sell-side analysts expect that Dollar General Corp. will post 6.1 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 23rd. Stockholders of record on Tuesday, October 9th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, October 5th. Dollar General’s payout ratio is presently 25.84%.

In other news, EVP Robert D. Ravener sold 22,440 shares of Dollar General stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $111.49, for a total value of $2,501,835.60. Following the completion of the transaction, the executive vice president now owns 50,747 shares in the company, valued at approximately $5,657,783.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.41% of the company’s stock.

A number of equities analysts recently commented on the company. Credit Suisse Group set a $99.00 target price on Dollar General and gave the company a “hold” rating in a report on Monday, August 27th. Deutsche Bank raised their target price on Dollar General from $123.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 31st. MKM Partners raised their target price on Dollar General to $117.00 and gave the company a “buy” rating in a report on Tuesday, August 28th. Guggenheim restated a “buy” rating and set a $115.00 target price on shares of Dollar General in a report on Monday, August 20th. Finally, Loop Capital raised their target price on Dollar General from $97.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $106.35.

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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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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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