Nomura Asset Management Co. Ltd. grew its holdings in Dollar General Corp. (NYSE:DG) by 133.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,003 shares of the company’s stock after buying an additional 52,046 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Dollar General were worth $8,973,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in DG. Commerce Bank increased its stake in shares of Dollar General by 5.4% during the first quarter. Commerce Bank now owns 10,191 shares of the company’s stock worth $953,000 after purchasing an additional 522 shares during the period. Wetherby Asset Management Inc. increased its stake in shares of Dollar General by 22.7% during the first quarter. Wetherby Asset Management Inc. now owns 2,877 shares of the company’s stock worth $269,000 after purchasing an additional 532 shares during the period. FDx Advisors Inc. increased its stake in shares of Dollar General by 1.2% during the first quarter. FDx Advisors Inc. now owns 45,235 shares of the company’s stock worth $4,232,000 after purchasing an additional 551 shares during the period. Steward Partners Investment Advisory LLC increased its stake 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 purchasing an additional 596 shares during the period. Finally, IBM Retirement Fund increased its stake in Dollar General by 10.3% during the 1st quarter. IBM Retirement Fund now owns 7,384 shares of the company’s stock worth $691,000 after acquiring an additional 688 shares during the period. 92.45% of the stock is owned by institutional investors.
Shares of Dollar General opened at $102.33 on Friday, according to Marketbeat.com. Dollar General Corp. has a 52-week low of $70.30 and a 52-week high of $105.82. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.23 and a current ratio of 1.65. The firm has a market capitalization of $27.55 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.17 and a beta of 0.90.
Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, May 31st. The company reported $1.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.04). Dollar General had a net margin of 6.77% and a return on equity of 22.40%. The business had revenue of $6.11 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the previous year, the business posted $1.03 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. equities research analysts expect that Dollar General Corp. will post 6.06 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 24th. Stockholders of record on Tuesday, July 10th were paid a $0.29 dividend. The ex-dividend date was Monday, July 9th. This represents a $1.16 annualized dividend and a dividend yield of 1.13%. Dollar General’s payout ratio is 25.84%.
In other Dollar General news, Director Timothy I. Mcguire purchased 2,275 shares of the firm’s stock in a transaction dated Friday, June 1st. The shares were bought at an average price of $88.06 per share, for a total transaction of $200,336.50. Following the purchase, the director now owns 3,834 shares in the company, valued at approximately $337,622.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robert D. Ravener sold 10,000 shares of Dollar General stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $100.03, for a total value of $1,000,300.00. Following the completion of the transaction, the executive vice president now owns 38,307 shares in the company, valued at approximately $3,831,849.21. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.
A number of equities analysts have commented on the company. JPMorgan Chase & Co. upgraded Dollar General from a “neutral” rating to an “overweight” rating and set a $70.00 price objective on the stock in a research note on Tuesday, April 17th. Northcoast Research restated a “neutral” rating on shares of Dollar General in a research note on Tuesday, June 26th. Morgan Stanley set a $122.00 price objective on Dollar General and gave the stock a “buy” rating in a research note on Wednesday, April 25th. Buckingham Research lowered their price objective on Dollar General from $98.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, June 1st. Finally, Zacks Investment Research lowered Dollar General from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $96.73.
Dollar General 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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