Marshall Wace North America L.P. reduced its stake in Dollar General Corp. (NYSE:DG) by 10.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 172,140 shares of the company’s stock after selling 20,057 shares during the period. Marshall Wace North America L.P. owned 0.06% of Dollar General worth $18,815,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of DG. Bank of New York Mellon Corp lifted its stake in shares of Dollar General by 23,132.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,356,904 shares of the company’s stock worth $366,909,000 after acquiring an additional 3,342,455 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Dollar General in the 3rd quarter worth approximately $108,509,000. Alecta Pensionsforsakring Omsesidigt bought a new stake in shares of Dollar General in the 3rd quarter worth approximately $98,907,000. Millennium Management LLC raised its holdings in shares of Dollar General by 140.6% in the 2nd quarter. Millennium Management LLC now owns 1,345,577 shares of the company’s stock worth $132,674,000 after purchasing an additional 786,382 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Dollar General by 12.4% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,450,172 shares of the company’s stock worth $635,987,000 after purchasing an additional 711,483 shares in the last quarter. 94.23% of the stock is owned by institutional investors.
DG stock opened at $102.70 on Friday. Dollar General Corp. has a 52-week low of $85.54 and a 52-week high of $118.45. The company has a current ratio of 1.55, a quick ratio of 0.21 and a debt-to-equity ratio of 0.46. The company has a market cap of $28.04 billion, a PE ratio of 22.87, a PEG ratio of 1.25 and a beta of 0.84.
Dollar General (NYSE:DG) last released its quarterly earnings results on Tuesday, December 4th. The company reported $1.26 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.26. Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The business had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. Equities research analysts anticipate that Dollar General Corp. will post 6 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Tuesday, January 8th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, January 7th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.13%. Dollar General’s dividend payout ratio is currently 25.84%.
DG has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Thursday, October 4th. Wells Fargo & Co boosted their target price on shares of Dollar General from $113.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, August 29th. Morgan Stanley boosted their target price on shares of Dollar General from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Friday, August 31st. UBS Group reiterated a “buy” rating and issued a $120.00 target price (up from $110.00) on shares of Dollar General in a report on Monday, October 15th. Finally, Buckingham Research boosted their target price on shares of Dollar General from $95.00 to $107.00 and gave the stock a “neutral” rating in a report on Monday, August 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $107.26.
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About Dollar General
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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