Alpha Windward LLC boosted its position in shares of Dollar General Corporation (NYSE:DG) by 3.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,900 shares of the company’s stock after buying an additional 56 shares during the period. Alpha Windward LLC’s holdings in Dollar General Corporation were worth $137,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in DG. BlackRock Inc. increased its stake in Dollar General Corporation by 4,173.7% in the first quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock valued at $1,544,106,000 after buying an additional 21,625,909 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Dollar General Corporation by 281.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,740,089 shares of the company’s stock valued at $330,886,000 after buying an additional 3,497,733 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Dollar General Corporation by 20.5% in the first quarter. Bank of New York Mellon Corp now owns 8,215,436 shares of the company’s stock valued at $572,863,000 after buying an additional 1,398,043 shares in the last quarter. Epoch Investment Partners Inc. increased its stake in Dollar General Corporation by 7,543.4% in the first quarter. Epoch Investment Partners Inc. now owns 1,318,717 shares of the company’s stock valued at $91,954,000 after buying an additional 1,301,464 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Dollar General Corporation during the first quarter valued at approximately $81,182,000. 85.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Dollar General Corporation (DG) traded down 0.457% during midday trading on Wednesday, reaching $75.175. The company’s stock had a trading volume of 464,182 shares. The stock has a market capitalization of $20.61 billion, a PE ratio of 16.996 and a beta of 0.92. The stock’s 50 day moving average is $71.91 and its 200 day moving average is $72.44. Dollar General Corporation has a 12 month low of $65.97 and a 12 month high of $94.75.
Dollar General Corporation (NYSE:DG) last posted its quarterly earnings results on Thursday, June 1st. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.03. The company had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.59 billion. Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. On average, analysts forecast that Dollar General Corporation will post $4.50 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, July 7th. This represents a $1.04 annualized dividend and a dividend yield of 1.38%. Dollar General Corporation’s dividend payout ratio is currently 23.48%.
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Several analysts have commented on the company. BidaskClub raised Dollar General Corporation from a “sell” rating to a “hold” rating in a research note on Monday. Barclays PLC reaffirmed a “hold” rating and set a $76.00 price objective on shares of Dollar General Corporation in a research note on Friday, June 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $68.00 price objective on shares of Dollar General Corporation in a research note on Wednesday, July 19th. Zacks Investment Research raised Dollar General Corporation from a “sell” rating to a “hold” rating and set a $88.00 price objective for the company in a research note on Friday, June 2nd. Finally, Gordon Haskett raised Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a research note on Thursday, June 1st. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $80.89.
Dollar General Corporation 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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