Geneva Advisors LLC lowered its stake in Dollar General Corporation (NYSE:DG) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,397 shares of the company’s stock after selling 3,436 shares during the period. Geneva Advisors LLC’s holdings in Dollar General Corporation were worth $3,345,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Alpha Windward LLC increased its position in Dollar General Corporation by 3.0% in the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock valued at $137,000 after buying an additional 56 shares in the last quarter. Huntington National Bank increased its position in Dollar General Corporation by 4.0% in the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock valued at $142,000 after buying an additional 75 shares in the last quarter. Welch Group LLC increased its position in Dollar General Corporation by 27.1% in the second quarter. Welch Group LLC now owns 2,267 shares of the company’s stock valued at $163,000 after buying an additional 483 shares in the last quarter. Sigma Planning Corp bought a new position in Dollar General Corporation during the second quarter valued at approximately $202,000. Finally, Summit Securities Group LLC bought a new position in Dollar General Corporation during the second quarter valued at approximately $226,000. 88.99% of the stock is currently owned by hedge funds and other institutional investors.
Dollar General Corporation (NYSE DG) opened at 77.67 on Friday. The company has a market cap of $21.30 billion, a PE ratio of 17.56 and a beta of 0.93. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $80.67. The stock has a 50 day moving average of $73.82 and a 200-day moving average of $72.86. Dollar General Corporation also was the recipient of unusually large options trading on Wednesday. Traders bought 10,679 call options on the stock. This is an increase of approximately 692% compared to the typical daily volume of 1,348 call options.
Dollar General Corporation (NYSE:DG) last posted its quarterly earnings data on Thursday, June 1st. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $1.00 by $0.03. Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. The firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter last year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Dollar General Corporation will post $4.50 earnings per share for the current fiscal year.
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Several equities analysts have commented on DG shares. Gordon Haskett started coverage on shares of Dollar General Corporation in a report on Tuesday, May 9th. They issued a “reduce” rating and a $67.00 price objective on the stock. Sanford C. Bernstein reiterated an “outperform” rating and issued a $88.00 price objective on shares of Dollar General Corporation in a report on Wednesday, May 17th. Zacks Investment Research upgraded shares of Dollar General Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 24th. BMO Capital Markets reiterated a “neutral” rating and issued a $85.00 price objective (up from $76.00) on shares of Dollar General Corporation in a report on Friday, June 2nd. Finally, Royal Bank Of Canada upped their price objective on shares of Dollar General Corporation from $81.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the stock. Dollar General Corporation presently has an average rating of “Hold” and an average target price of $81.27.
About Dollar General Corporation
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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