Tobam reduced its position in Dollar General Corporation (NYSE:DG) by 13.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 884,411 shares of the company’s stock after selling 140,853 shares during the period. Dollar General Corporation comprises about 2.4% of Tobam’s portfolio, making the stock its 9th largest position. Tobam owned approximately 0.32% of Dollar General Corporation worth $63,757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DG. Gateway Investment Advisers LLC increased its position in shares of Dollar General Corporation by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 15,636 shares of the company’s stock worth $1,127,000 after buying an additional 53 shares during the last quarter. Alpha Windward LLC increased its position in shares of Dollar General Corporation by 3.0% in the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock worth $137,000 after buying an additional 56 shares during the last quarter. Huntington National Bank increased its position in shares of Dollar General Corporation by 4.0% in the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock worth $142,000 after buying an additional 75 shares during the last quarter. Chescapmanager LLC increased its position in shares of Dollar General Corporation by 0.4% in the first quarter. Chescapmanager LLC now owns 27,600 shares of the company’s stock worth $1,925,000 after buying an additional 100 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its position in shares of Dollar General Corporation by 1.6% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,422 shares of the company’s stock worth $448,000 after buying an additional 102 shares during the last quarter. 88.99% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Corporation (NYSE DG) opened at 77.67 on Friday. The stock’s 50 day moving average is $73.82 and its 200 day moving average is $72.86. The stock has a market capitalization of $21.30 billion, a price-to-earnings ratio of 17.56 and a beta of 0.93. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $80.67.

Dollar General Corporation (NYSE:DG) last announced its quarterly earnings results on Thursday, June 1st. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.03. Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. The company had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Equities research analysts forecast that Dollar General Corporation will post $4.50 EPS for the current fiscal year.

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A number of research analysts have recently issued reports on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $88.00 price objective on shares of Dollar General Corporation in a research report on Wednesday, May 17th. BMO Capital Markets reiterated a “neutral” rating and issued a $85.00 target price (up from $76.00) on shares of Dollar General Corporation in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Friday, June 9th. BidaskClub cut shares of Dollar General Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, Buckingham Research reiterated a “neutral” rating and issued a $75.00 target price on shares of Dollar General Corporation in a research note on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company. Dollar General Corporation currently has a consensus rating of “Hold” and a consensus price target of $81.27.

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.

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

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