Trexquant Investment LP increased its position in Dollar General Corporation (NYSE:DG) by 169.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,300 shares of the company’s stock after buying an additional 11,500 shares during the period. Trexquant Investment LP’s holdings in Dollar General Corporation were worth $1,319,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. Horan Capital Management bought a new position in Dollar General Corporation during the first quarter valued at approximately $335,000. Korea Investment CORP increased its stake in shares of Dollar General Corporation by 33.7% in the first quarter. Korea Investment CORP now owns 127,581 shares of the company’s stock valued at $8,896,000 after buying an additional 32,148 shares during the period. Atria Investments LLC increased its stake in shares of Dollar General Corporation by 29.1% in the first quarter. Atria Investments LLC now owns 17,414 shares of the company’s stock valued at $1,214,000 after buying an additional 3,925 shares during the period. Toronto Dominion Bank increased its stake in shares of Dollar General Corporation by 47.8% in the first quarter. Toronto Dominion Bank now owns 76,962 shares of the company’s stock valued at $5,368,000 after buying an additional 24,874 shares during the period. Finally, First Mercantile Trust Co. increased its stake in shares of Dollar General Corporation by 4.6% in the first quarter. First Mercantile Trust Co. now owns 20,620 shares of the company’s stock valued at $1,438,000 after buying an additional 903 shares during the period. 88.99% of the stock is currently owned by institutional investors.
Dollar General Corporation (NYSE DG) traded down 0.61% during trading on Friday, reaching $73.82. The company had a trading volume of 2,282,805 shares. The stock has a market capitalization of $20.24 billion, a price-to-earnings ratio of 16.69 and a beta of 0.93. The firm has a 50-day moving average of $73.20 and a 200-day moving average of $72.75. Dollar General Corporation has a 1-year low of $65.97 and a 1-year high of $92.01.
Dollar General Corporation (NYSE:DG) last posted its quarterly earnings data on Thursday, June 1st. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. The company had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Dollar General Corporation had a net margin of 5.53% and a return on equity of 23.07%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 EPS. On average, analysts anticipate that Dollar General Corporation will post $4.50 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, July 7th. This represents a $1.04 dividend on an annualized basis and a yield of 1.41%. Dollar General Corporation’s payout ratio is currently 23.48%.
Several equities analysts have weighed in on the company. Deutsche Bank AG restated a “hold” rating and set a $79.00 price target (up previously from $78.00) on shares of Dollar General Corporation in a report on Saturday, June 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $85.00 target price on shares of Dollar General Corporation in a report on Tuesday, June 6th. Barclays PLC reiterated a “hold” rating and issued a $76.00 target price on shares of Dollar General Corporation in a report on Friday, June 2nd. Zacks Investment Research upgraded Dollar General Corporation from a “sell” rating to a “hold” rating and set a $88.00 target price for the company in a report on Friday, June 2nd. Finally, Johnson Rice upgraded Dollar General Corporation from an “accumulate” rating to a “buy” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $80.89.
Dollar General Corporation 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.
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