Dollar General Corp. (NYSE:DG) Shares Sold by Wrapmanager Inc.
Wrapmanager Inc. decreased its holdings in Dollar General Corp. (NYSE:DG) by 11.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,712 shares of the company’s stock after selling 627 shares during the quarter. Wrapmanager Inc.’s holdings in Dollar General were worth $637,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Signaturefd LLC grew its holdings in shares of Dollar General by 12.0% during the second quarter. Signaturefd LLC now owns 2,447 shares of the company’s stock valued at $331,000 after buying an additional 262 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Dollar General by 6.9% in the second quarter. Advisor Group Inc. now owns 25,155 shares of the company’s stock valued at $3,401,000 after buying an additional 1,615 shares in the last quarter. Weatherly Asset Management L. P. boosted its stake in shares of Dollar General by 3.1% in the second quarter. Weatherly Asset Management L. P. now owns 2,611 shares of the company’s stock valued at $353,000 after buying an additional 79 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Dollar General by 4.8% in the second quarter. Aperio Group LLC now owns 219,352 shares of the company’s stock valued at $29,648,000 after buying an additional 10,113 shares in the last quarter. Finally, Dupont Capital Management Corp boosted its stake in shares of Dollar General by 9.3% in the second quarter. Dupont Capital Management Corp now owns 98,952 shares of the company’s stock valued at $13,374,000 after buying an additional 8,446 shares in the last quarter. Institutional investors and hedge funds own 95.32% of the company’s stock.
A number of analysts recently weighed in on the company. Raymond James lifted their price target on Dollar General from $127.00 to $146.00 and gave the company a “strong-buy” rating in a research note on Friday, May 31st. Goldman Sachs Group upgraded Dollar General from a “neutral” rating to a “buy” rating and lifted their price target for the company from $142.00 to $152.00 in a research note on Thursday, August 8th. KeyCorp restated an “overweight” rating and issued a $140.00 price target (up from $125.00) on shares of Dollar General in a research note on Friday, May 31st. Oppenheimer lifted their price objective on Dollar General from $135.00 to $150.00 and gave the stock a “top pick” rating in a report on Thursday, June 13th. Finally, Wells Fargo & Co cut Dollar General from an “outperform” rating to a “market perform” rating and set a $140.00 price objective for the company. in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $134.68.
Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, May 30th. The company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.09. Dollar General had a return on equity of 25.03% and a net margin of 6.16%. The company had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.57 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities research analysts expect that Dollar General Corp. will post 6.47 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th were issued a $0.32 dividend. The ex-dividend date was Monday, July 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.95%. Dollar General’s dividend payout ratio (DPR) is 21.44%.
Dollar General 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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