Chevy Chase Trust Holdings Inc. grew its position in shares of Dollar General Corp. (NYSE:DG) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 227,260 shares of the company’s stock after purchasing an additional 9,866 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.08% of Dollar General worth $18,420,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Veritable L.P. boosted its position in shares of Dollar General by 0.7% in the second quarter. Veritable L.P. now owns 4,803 shares of the company’s stock worth $346,000 after acquiring an additional 35 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Dollar General by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after acquiring an additional 48 shares during the last quarter. Homrich & Berg boosted its position in shares of Dollar General by 2.2% in the second quarter. Homrich & Berg now owns 4,379 shares of the company’s stock worth $316,000 after acquiring an additional 93 shares during the last quarter. Condor Capital Management boosted its position in shares of Dollar General by 0.9% in the second quarter. Condor Capital Management now owns 14,292 shares of the company’s stock worth $1,030,000 after acquiring an additional 126 shares during the last quarter. Finally, Financial Enhancement Group LLC boosted its position in shares of Dollar General by 4.1% in the second quarter. Financial Enhancement Group LLC now owns 3,276 shares of the company’s stock worth $236,000 after acquiring an additional 128 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the stock. Telsey Advisory Group raised their target price on shares of Dollar General from $86.00 to $98.00 and gave the stock a “market perform” rating in a research report on Friday. UBS reissued a “buy” rating and issued a $99.00 target price (up from $85.00) on shares of Dollar General in a research report on Monday, December 4th. BMO Capital Markets reissued a “hold” rating on shares of Dollar General in a research report on Wednesday, September 27th. Deutsche Bank raised their target price on shares of Dollar General to $97.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Finally, Raymond James Financial set a $107.00 target price on shares of Dollar General and gave the stock a “buy” rating in a research report on Saturday. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. Dollar General currently has a consensus rating of “Hold” and an average target price of $85.54.
Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). The firm had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 EPS. equities analysts expect that Dollar General Corp. will post 4.49 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.11%. Dollar General’s dividend payout ratio is currently 23.01%.
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About Dollar General
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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