Banco de Sabadell S.A lessened its stake in Dollar General Corp. (NYSE:DG) by 20.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,497 shares of the company’s stock after selling 2,163 shares during the quarter. Banco de Sabadell S.A’s holdings in Dollar General were worth $840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Capital Wealth Advisors purchased a new position in Dollar General in the 2nd quarter worth about $339,000. Tower Research Capital LLC TRC purchased a new position in Dollar General in the 2nd quarter worth about $966,000. Marshall Wace LLP raised its position in Dollar General by 2,589.3% in the 2nd quarter. Marshall Wace LLP now owns 252,443 shares of the company’s stock worth $24,891,000 after buying an additional 243,056 shares during the last quarter. Zacks Investment Management purchased a new position in Dollar General in the 2nd quarter worth about $1,025,000. Finally, Sterling Capital Management LLC raised its position in Dollar General by 29.5% in the 2nd quarter. Sterling Capital Management LLC now owns 877,146 shares of the company’s stock worth $86,487,000 after buying an additional 199,810 shares during the last quarter. 95.00% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Robert D. Ravener sold 22,440 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $111.49, for a total transaction of $2,501,835.60. Following the completion of the transaction, the executive vice president now directly owns 50,747 shares in the company, valued at approximately $5,657,783.03. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.41% of the company’s stock.
Shares of NYSE:DG traded down $0.41 during mid-day trading on Friday, reaching $103.76. 1,900,272 shares of the company traded hands, compared to its average volume of 2,493,289. The company has a market cap of $29.02 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93. The company has a current ratio of 1.55, a quick ratio of 0.21 and a debt-to-equity ratio of 0.44. Dollar General Corp. has a 52 week low of $78.83 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 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.03. The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.38 billion. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 EPS. Equities research analysts predict that Dollar General Corp. will post 6.1 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 23rd. Investors of record on Tuesday, October 9th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, October 5th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.12%. Dollar General’s dividend payout ratio (DPR) is presently 25.84%.
DG has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Dollar General from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Citigroup started coverage on Dollar General in a research note on Friday, July 6th. They set a “buy” rating for the company. Guggenheim restated a “buy” rating and set a $115.00 price target on shares of Dollar General in a research note on Monday, August 20th. Buckingham Research boosted their price target on Dollar General from $95.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, August 27th. Finally, MKM Partners boosted their price target on Dollar General to $117.00 and gave the company a “buy” rating in a research note on Tuesday, August 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $105.30.
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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