Dollar General Corp. (NYSE:DG) Shares Sold by Stephens Inc. AR
Stephens Inc. AR decreased its holdings in Dollar General Corp. (NYSE:DG) by 7.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,305 shares of the company’s stock after selling 4,394 shares during the quarter. Stephens Inc. AR’s holdings in Dollar General were worth $7,070,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Amica Retiree Medical Trust increased its holdings in Dollar General by 22.2% in the second quarter. Amica Retiree Medical Trust now owns 7,108 shares of the company’s stock valued at $961,000 after buying an additional 1,291 shares during the last quarter. Ardevora Asset Management LLP increased its holdings in Dollar General by 3.3% in the second quarter. Ardevora Asset Management LLP now owns 314,318 shares of the company’s stock valued at $42,483,000 after buying an additional 10,000 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Dollar General by 34.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 172,045 shares of the company’s stock valued at $23,548,000 after buying an additional 43,708 shares during the last quarter. Sandy Spring Bank increased its holdings in Dollar General by 50.0% in the second quarter. Sandy Spring Bank now owns 300 shares of the company’s stock valued at $41,000 after buying an additional 100 shares during the last quarter. Finally, Advisory Services Network LLC increased its holdings in Dollar General by 28.4% in the second quarter. Advisory Services Network LLC now owns 5,019 shares of the company’s stock valued at $678,000 after buying an additional 1,110 shares during the last quarter. Institutional investors and hedge funds own 95.32% of the company’s stock.
Several brokerages recently weighed in on DG. Telsey Advisory Group reissued an “outperform” rating and issued a $138.00 price objective (up from $129.00) on shares of Dollar General in a report on Friday, May 31st. BMO Capital Markets upped their target price on Dollar General from $133.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Buckingham Research reaffirmed a “positive” rating and set a $152.00 target price (up from $125.00) on shares of Dollar General in a report on Friday, May 31st. KeyCorp reaffirmed an “overweight” rating and set a $140.00 target price (up from $125.00) on shares of Dollar General in a report on Friday, May 31st. Finally, Loop Capital raised Dollar General from a “hold” rating to a “buy” rating and upped their target price for the company from $105.00 to $152.00 in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $134.68.
Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, May 30th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.09. The business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.57 billion. Dollar General had a return on equity of 25.03% and a net margin of 6.16%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 earnings per share. As a group, equities research analysts predict that Dollar General Corp. will post 6.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were given a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $1.28 dividend on an annualized basis and a yield of 0.96%. Dollar General’s dividend payout ratio (DPR) is 21.44%.
About Dollar General
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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