Nicholas Company Inc. Cuts Holdings in Dollar General Corporation (DG)

Nicholas Company Inc. cut its stake in Dollar General Corporation (NYSE:DG) by 33.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,700 shares of the company’s stock after selling 4,900 shares during the quarter. Nicholas Company Inc.’s holdings in Dollar General Corporation were worth $699,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Alpha Windward LLC raised 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 purchasing an additional 56 shares during the period. Huntington National Bank raised 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 purchasing an additional 75 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Dollar General Corporation by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after purchasing an additional 48 shares during the period. Welch Group LLC raised 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 purchasing an additional 483 shares during the period. Finally, Sigma Planning Corp purchased a new position in Dollar General Corporation in the second quarter valued at about $202,000. 90.51% of the stock is currently owned by institutional investors.

In other Dollar General Corporation news, EVP Robert D. Ravener sold 11,257 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the sale, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at $1,740,046. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is currently owned by corporate insiders.

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Several research analysts have commented on DG shares. Zacks Investment Research raised Dollar General Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 24th. Gordon Haskett upgraded Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a research note on Thursday, June 1st. BMO Capital Markets restated a “neutral” rating and set a $85.00 target price (up from $76.00) on shares of Dollar General Corporation in a research note on Friday, June 2nd. Royal Bank Of Canada raised their target price on Dollar General Corporation from $81.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, June 2nd. Finally, Johnson Rice upgraded Dollar General Corporation from an “accumulate” rating to a “buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $80.59.

Dollar General Corporation (DG) opened at 77.28 on Tuesday. The firm has a 50-day moving average of $75.72 and a 200-day moving average of $72.81. The company has a market cap of $21.12 billion, a PE ratio of 17.51 and a beta of 0.94. Dollar General Corporation has a one year low of $65.97 and a one year high of $80.67.

Dollar General Corporation (NYSE:DG) last posted its earnings results on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.01. The business had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 earnings per share. On average, analysts predict that Dollar General Corporation will post $4.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, October 6th. This represents a $1.04 annualized dividend and a yield of 1.35%. Dollar General Corporation’s dividend payout ratio is 23.48%.

Dollar General Corporation 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.

Institutional Ownership by Quarter for Dollar General Corporation (NYSE:DG)

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