Oakwood Capital Management LLC CA Invests $4,248,000 in Dollar General Corp. (DG)
Oakwood Capital Management LLC CA purchased a new position in Dollar General Corp. (NYSE:DG) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 45,190 shares of the company’s stock, valued at approximately $4,248,000.
Several other hedge funds have also recently modified their holdings of the company. Orbis Allan Gray Ltd bought a new position in Dollar General Corp. during the first quarter worth $195,087,000. Jericho Capital Asset Management L.P. bought a new position in Dollar General Corp. during the first quarter worth $42,201,000. NN Investment Partners Holdings N.V. bought a new position in Dollar General Corp. during the first quarter worth $34,541,000. Renaissance Technologies LLC bought a new position in Dollar General Corp. during the first quarter worth $33,144,000. Finally, Bank of Montreal Can bought a new position in Dollar General Corp. during the second quarter worth $25,180,000. 85.44% of the stock is currently owned by hedge funds and other institutional investors.
Dollar General Corp. (NYSE:DG) traded up 0.64% during mid-day trading on Wednesday, reaching $72.18. The company’s stock had a trading volume of 3,098,500 shares. Dollar General Corp. has a 52 week low of $59.75 and a 52 week high of $96.88. The firm has a 50-day moving average of $82.25 and a 200-day moving average of $86.00. The stock has a market capitalization of $20.34 billion, a price-to-earnings ratio of 16.88 and a beta of 0.63.
Dollar General Corp. (NYSE:DG) last issued its quarterly earnings data on Thursday, August 25th. The company reported $1.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by $0.01. The company had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.50 billion. Dollar General Corp. had a return on equity of 22.95% and a net margin of 5.86%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 EPS. On average, equities research analysts expect that Dollar General Corp. will post $4.50 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Monday, September 12th. Dollar General Corp.’s dividend payout ratio is presently 23.42%.
Several brokerages have recently commented on DG. Deutsche Bank AG lowered Dollar General Corp. from a “buy” rating to a “hold” rating and upped their price target for the company from $95.00 to $99.00 in a research note on Monday, August 1st. They noted that the move was a valuation call. Zacks Investment Research raised Dollar General Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Tuesday, July 5th. Jefferies Group lowered Dollar General Corp. from a “buy” rating to a “hold” rating and decreased their price target for the company from $101.00 to $96.00 in a research note on Monday, August 15th. They noted that the move was a valuation call. Macquarie decreased their price target on Dollar General Corp. from $98.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, August 25th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $97.00 price target on shares of Dollar General Corp. in a research note on Thursday, August 25th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $90.33.
In other Dollar General Corp. news, Director Michael M. Calbert bought 13,000 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were acquired at an average cost of $75.53 per share, with a total value of $981,890.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William C. Rhodes III bought 5,000 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were acquired at an average cost of $76.30 per share, for a total transaction of $381,500.00. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.
About Dollar General Corp.
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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