Emerald Advisers Inc. PA cut its position in shares of Dollar General Corp. (NYSE:DG) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,236 shares of the company’s stock after selling 551 shares during the period. Emerald Advisers Inc. PA’s holdings in Dollar General Corp. were worth $4,440,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. Geode Capital Management LLC raised its position in Dollar General Corp. by 6.4% in the first quarter. Geode Capital Management LLC now owns 2,568,503 shares of the company’s stock worth $219,454,000 after buying an additional 153,968 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Dollar General Corp. by 2.0% in the first quarter. Bessemer Group Inc. now owns 2,332,817 shares of the company’s stock worth $199,691,000 after buying an additional 45,045 shares in the last quarter. Orbis Allan Gray Ltd acquired a new position in shares of Dollar General Corp. during the first quarter worth $195,087,000. BlackRock Group LTD raised its position in shares of Dollar General Corp. by 0.9% in the first quarter. BlackRock Group LTD now owns 2,249,062 shares of the company’s stock worth $192,519,000 after buying an additional 21,048 shares in the last quarter. Finally, Scharf Investments LLC raised its position in shares of Dollar General Corp. by 2.6% in the first quarter. Scharf Investments LLC now owns 2,237,650 shares of the company’s stock worth $191,543,000 after buying an additional 55,819 shares in the last quarter. 85.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dollar General Corp. (NYSE:DG) traded up 0.88% during mid-day trading on Friday, hitting $69.66. The company had a trading volume of 3,844,324 shares. The firm’s 50 day moving average is $73.97 and its 200-day moving average is $84.86. The firm has a market cap of $19.63 billion, a PE ratio of 16.29 and a beta of 0.74. Dollar General Corp. has a 12-month low of $59.75 and a 12-month high of $96.88.
Dollar General Corp. (NYSE:DG) last issued its quarterly earnings results on Thursday, August 25th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by $0.01. The business had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.50 billion. Dollar General Corp. had a return on equity of 22.95% and a net margin of 5.86%. Dollar General Corp.’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. On average, equities analysts expect that Dollar General Corp. will post $4.50 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Monday, September 12th. Dollar General Corp.’s dividend payout ratio is presently 23.42%.
DG has been the topic of a number of recent analyst reports. Jefferies Group lowered Dollar General Corp. from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $101.00 to $96.00 in a report on Monday, August 15th. They noted that the move was a valuation call. Morgan Stanley reaffirmed a “buy” rating and set a $97.00 price objective on shares of Dollar General Corp. in a report on Sunday, August 28th. MKM Partners reaffirmed a “buy” rating and set a $97.00 price objective on shares of Dollar General Corp. in a report on Thursday, August 25th. Zacks Investment Research lowered Dollar General Corp. from a “hold” rating to a “sell” rating in a report on Monday, August 29th. Finally, Citigroup Inc. upped their price objective on Dollar General Corp. from $89.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, August 31st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $89.71.
In other news, Director William C. Rhodes III bought 5,000 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was acquired at an average price of $76.30 per share, with a total value of $381,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael M. Calbert bought 13,000 shares of the stock in a transaction that occurred on Tuesday, August 30th. The shares were purchased at an average cost of $75.53 per share, with a total value of $981,890.00. The disclosure for this purchase can be found here. Corporate insiders own 0.22% of the company’s stock.
Dollar General Corp. Company Profile
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.