BLB&B Advisors LLC acquired a new position in shares of Dollar General Corp. (NYSE:DG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,515 shares of the company’s stock, valued at approximately $1,040,000.

Several other hedge funds have also recently modified their holdings of DG. Community Bank N.A. grew its holdings in shares of Dollar General by 240.2% during the second quarter. Community Bank N.A. now owns 1,657 shares of the company’s stock worth $164,000 after purchasing an additional 1,170 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Dollar General by 50.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,784 shares of the company’s stock worth $176,000 after buying an additional 596 shares during the last quarter. Checchi Capital Advisers LLC purchased a new position in shares of Dollar General during the second quarter worth about $205,000. Legacy Capital Partners Inc. purchased a new position in shares of Dollar General during the second quarter worth about $212,000. Finally, Lincoln National Corp purchased a new position in shares of Dollar General during the second quarter worth about $216,000. 95.00% of the stock is currently owned by institutional investors.

Shares of NYSE:DG opened at $104.76 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 0.21. The stock has a market capitalization of $29.02 billion, a P/E ratio of 23.29, a PEG ratio of 1.32 and a beta of 0.93. Dollar General Corp. has a 52 week low of $79.79 and a 52 week high of $112.59.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 30th. The company reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.03. The firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.38 billion. Dollar General had a net margin of 7.06% and a return on equity of 23.51%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share. On average, sell-side analysts anticipate that Dollar General Corp. will post 6.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 23rd. Investors of record on Tuesday, October 9th will be given a $0.29 dividend. The ex-dividend date is Friday, October 5th. This represents a $1.16 dividend on an annualized basis and a yield of 1.11%. Dollar General’s payout ratio is currently 25.84%.

DG has been the topic of a number of research reports. Deutsche Bank raised their price target on Dollar General from $123.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 31st. Zacks Investment Research lowered Dollar General from a “buy” rating to a “hold” rating in a report on Friday, October 5th. MKM Partners raised their price target on Dollar General to $117.00 and gave the stock a “buy” rating in a report on Tuesday, August 28th. Credit Suisse Group raised their price target on Dollar General from $93.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, June 29th. Finally, Raymond James raised Dollar General from an “outperform” rating to a “strong-buy” rating in a report on Friday, June 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $105.30.

In related news, EVP Robert D. Ravener sold 22,440 shares of the firm’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $111.49, for a total value of $2,501,835.60. Following the completion of the sale, the executive vice president now owns 50,747 shares in the company, valued at $5,657,783.03. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by company insiders.

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

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