Trade Report: The Nippon Life Insurance Co. Sold shares of Dollar General Corp. (DG)

The Nippon Life Insurance Co. Sold shares of Dollar General Corp. (DG)

Nippon Life Insurance Co. decreased its stake in Dollar General Corp. (NYSE:DG) by 15.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,921 shares of the company’s stock after selling 2,952 shares during the period. Nippon Life Insurance Co.’s holdings in Dollar General Corp. were worth $1,497,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. acquired a new position in Dollar General Corp. during the first quarter valued at $3,724,000. Canada Pension Plan Investment Board purchased a new stake in Dollar General Corp. during the first quarter valued at about $1,806,000. Pictet Asset Management Ltd. increased its stake in Dollar General Corp. by 1.7% in the first quarter. Pictet Asset Management Ltd. now owns 189,944 shares of the company’s stock valued at $14,103,000 after buying an additional 3,200 shares in the last quarter. AXA increased its stake in Dollar General Corp. by 4.4% in the first quarter. AXA now owns 137,000 shares of the company’s stock valued at $11,727,000 after buying an additional 5,800 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in Dollar General Corp. by 0.8% in the first quarter. Loomis Sayles & Co. L P now owns 302,608 shares of the company’s stock valued at $25,903,000 after buying an additional 2,371 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Shares of Dollar General Corp. (NYSE:DG) traded up 1.32% on Friday, hitting $68.34. 2,089,963 shares of the stock traded hands. The stock has a 50-day moving average price of $69.80 and a 200 day moving average price of $83.12. The firm has a market cap of $19.25 billion, a P/E ratio of 15.98 and a beta of 0.74. Dollar General Corp. has a 52 week low of $59.75 and a 52 week high of $96.88.

Dollar General Corp. (NYSE:DG) last issued its quarterly earnings results on Thursday, August 25th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.01. Dollar General Corp. had a return on equity of 22.95% and a net margin of 5.86%. The company had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the previous year, the business earned $0.95 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts predict that Dollar General Corp. will post $4.49 EPS for the current fiscal year.

DG has been the topic of several recent research reports. Zacks Investment Research raised Dollar General Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Tuesday, July 5th. Morgan Stanley lifted their price target on Dollar General Corp. from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Monday, July 18th. Deutsche Bank AG downgraded Dollar General Corp. from a “buy” rating to a “hold” rating and lifted their price target for the company from $95.00 to $99.00 in a research note on Monday, August 1st. They noted that the move was a valuation call. Jefferies Group downgraded Dollar General Corp. from a “buy” rating to a “hold” rating and dropped their price target for the company from $101.00 to $96.00 in a research note on Monday, August 15th. They noted that the move was a valuation call. Finally, Macquarie dropped their price target on Dollar General Corp. from $98.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $89.72.

In related news, Director Michael M. Calbert purchased 13,000 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was bought at an average price of $75.53 per share, for a total transaction of $981,890.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William C. Rhodes III purchased 5,000 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were bought at an average price of $76.30 per share, with a total value of $381,500.00. The disclosure for this purchase can be found here. Insiders own 0.22% of the company’s stock.

About Dollar General Corp.

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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