Sheaff Brock Investment Advisors LLC cut its stake in shares of Dollar General Corp. (NYSE:DG) by 7.5% in the 3rd quarter, Holdings Channel reports. The firm owned 8,379 shares of the company’s stock after selling 676 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Dollar General were worth $1,332,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Buckingham Capital Management Inc. boosted its position in shares of Dollar General by 12.0% during the first quarter. Buckingham Capital Management Inc. now owns 47,146 shares of the company’s stock worth $5,625,000 after buying an additional 5,065 shares during the period. Bath Savings Trust Co boosted its position in shares of Dollar General by 55.1% during the second quarter. Bath Savings Trust Co now owns 2,830 shares of the company’s stock worth $382,000 after buying an additional 1,005 shares during the period. Park National Corp OH boosted its position in shares of Dollar General by 12.1% during the second quarter. Park National Corp OH now owns 52,138 shares of the company’s stock worth $7,047,000 after buying an additional 5,633 shares during the period. LVM Capital Management Ltd. MI boosted its position in shares of Dollar General by 4.2% during the second quarter. LVM Capital Management Ltd. MI now owns 58,534 shares of the company’s stock worth $7,911,000 after buying an additional 2,335 shares during the period. Finally, Summit Financial Group Inc. acquired a new position in shares of Dollar General during the second quarter worth approximately $203,000. 93.14% of the stock is owned by institutional investors.
DG has been the subject of several analyst reports. Piper Jaffray Companies boosted their price objective on Dollar General from $137.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Zacks Investment Research downgraded Dollar General from a “buy” rating to a “hold” rating and set a $170.00 price objective for the company. in a research report on Monday, September 30th. Wells Fargo & Co downgraded Dollar General from an “outperform” rating to a “market perform” rating and set a $140.00 price objective for the company. in a research report on Thursday, July 25th. Sanford C. Bernstein upgraded Dollar General from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 11th. Finally, Morgan Stanley boosted their price objective on Dollar General from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $154.82.
DG traded up $0.41 during trading on Monday, reaching $162.59. The stock had a trading volume of 66,188 shares, compared to its average volume of 1,535,875. The firm has a market capitalization of $41.88 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 2.56 and a beta of 0.54. The company has a quick ratio of 0.12, a current ratio of 1.14 and a debt-to-equity ratio of 1.49. Dollar General Corp. has a 1-year low of $98.08 and a 1-year high of $166.98. The stock has a 50 day moving average of $160.15 and a two-hundred day moving average of $139.50.
Dollar General (NYSE:DG) last released its earnings results on Thursday, August 29th. The company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.16. Dollar General had a return on equity of 25.34% and a net margin of 6.11%. The firm had revenue of $6.98 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, research analysts forecast that Dollar General Corp. will post 6.61 EPS for the current fiscal year.
The business also recently disclosed a — dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a dividend yield of 0.8%. Dollar General’s dividend payout ratio (DPR) is presently 21.44%.
Dollar General Company 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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