Pacer Advisors Inc. grew its stake in shares of Dollar General Corp. (NYSE:DG) by 10.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 27,477 shares of the company’s stock after acquiring an additional 2,672 shares during the period. Pacer Advisors Inc.’s holdings in Dollar General were worth $4,367,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in DG. Weatherly Asset Management L. P. lifted its holdings in shares of Dollar General by 3.1% in the second quarter. Weatherly Asset Management L. P. now owns 2,611 shares of the company’s stock valued at $353,000 after purchasing an additional 79 shares in the last quarter. Squar Milner Financial Services LLC lifted its holdings in shares of Dollar General by 73.0% in the second quarter. Squar Milner Financial Services LLC now owns 192 shares of the company’s stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Dollar General by 6.6% in the second quarter. Huntington National Bank now owns 1,526 shares of the company’s stock valued at $206,000 after purchasing an additional 95 shares in the last quarter. JNBA Financial Advisors lifted its holdings in shares of Dollar General by 106.4% in the second quarter. JNBA Financial Advisors now owns 194 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Finally, Sandy Spring Bank lifted its holdings in shares of 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 purchasing an additional 100 shares in the last quarter. Institutional investors own 92.76% of the company’s stock.
DG stock opened at $162.25 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.14 and a quick ratio of 0.12. Dollar General Corp. has a 52-week low of $98.08 and a 52-week high of $164.29. The company has a 50-day moving average of $155.73 and a two-hundred day moving average of $136.45. The stock has a market capitalization of $41.71 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 2.52 and a beta of 0.54.
Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.16. Dollar General had a net margin of 6.11% and a return on equity of 25.34%. The company had revenue of $6.98 billion during the quarter, compared to analysts’ expectations of $6.89 billion. During the same period in the prior year, the company earned $1.52 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities analysts expect that Dollar General Corp. will post 6.61 EPS for the current fiscal year.
The company also recently declared a — dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be issued a dividend of $0.32 per share. This represents a yield of 0.8%. The ex-dividend date is Monday, October 7th. Dollar General’s dividend payout ratio (DPR) is 21.44%.
DG has been the subject of a number of research analyst reports. Goldman Sachs Group upgraded Dollar General from a “neutral” rating to a “buy” rating and increased their target price for the company from $142.00 to $152.00 in a report on Thursday, August 8th. ValuEngine downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Oppenheimer raised shares of Dollar General to an “overweight” rating and upped their price target for the stock from $153.00 to $173.00 in a research note on Friday, September 6th. Sanford C. Bernstein raised shares of Dollar General from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 11th. Finally, Wells Fargo & Co downgraded shares of Dollar General from an “outperform” rating to a “market perform” rating and set a $140.00 price target on the stock. in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $162.27.
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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