Nordea Investment Management AB grew its stake in Dollar General Corp. (NYSE:DG) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,083,764 shares of the company’s stock after purchasing an additional 13,005 shares during the period. Nordea Investment Management AB owned approximately 0.40% of Dollar General worth $87,839,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Longview Partners Guernsey LTD bought a new stake in shares of Dollar General during the 2nd quarter worth approximately $577,548,000. Ameriprise Financial Inc. lifted its stake in shares of Dollar General by 115.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,573,530 shares of the company’s stock worth $257,611,000 after acquiring an additional 1,914,303 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Dollar General by 1,959.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,705,909 shares of the company’s stock worth $122,980,000 after acquiring an additional 1,623,070 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Dollar General by 363.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,968,047 shares of the company’s stock worth $141,877,000 after acquiring an additional 1,543,619 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Dollar General by 29.4% during the 2nd quarter. FMR LLC now owns 5,915,175 shares of the company’s stock worth $426,424,000 after acquiring an additional 1,345,562 shares during the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Robert D. Ravener sold 11,257 shares of Dollar General stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total value of $866,789.00. Following the transaction, the executive vice president now directly owns 22,598 shares in the company, valued at approximately $1,740,046. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.22% of the company’s stock.
A number of equities research analysts recently issued reports on the company. MKM Partners raised their price target on Dollar General to $96.00 and gave the stock a “buy” rating in a research note on Monday, November 20th. Deutsche Bank AG raised Dollar General from a “hold” rating to a “buy” rating and lifted their target price for the company from $79.00 to $93.00 in a research report on Wednesday, November 15th. Zacks Investment Research raised Dollar General from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Tuesday, November 14th. Goldman Sachs Group Inc reaffirmed a “neutral” rating and set a $89.00 target price on shares of Dollar General in a research report on Tuesday, November 14th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Dollar General in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $81.54.
Dollar General Corp. (NYSE DG) opened at $86.28 on Monday. Dollar General Corp. has a fifty-two week low of $65.97 and a fifty-two week high of $88.13. The stock has a market capitalization of $23,580.00, a price-to-earnings ratio of 19.13, a PEG ratio of 1.70 and a beta of 0.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 0.18.
Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.01. Dollar General had a return on equity of 22.67% and a net margin of 5.38%. The business had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same period last year, the business posted $1.08 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. sell-side analysts anticipate that Dollar General Corp. will post 4.5 earnings per share for the current fiscal year.
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Dollar General 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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