Boston Partners Buys New Position in Dollar General Corp. (DG)
Boston Partners bought a new stake in Dollar General Corp. (NYSE:DG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,365 shares of the company’s stock, valued at approximately $1,121,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Dollar General by 2.3% during the 1st quarter. BlackRock Inc. now owns 19,303,172 shares of the company’s stock valued at $1,805,813,000 after buying an additional 425,173 shares in the last quarter. Fiduciary Management Inc. WI increased its position in Dollar General by 1.2% during the 1st quarter. Fiduciary Management Inc. WI now owns 6,863,456 shares of the company’s stock valued at $642,076,000 after buying an additional 84,418 shares in the last quarter. Polen Capital Management LLC increased its position in Dollar General by 35.7% during the 1st quarter. Polen Capital Management LLC now owns 6,756,945 shares of the company’s stock valued at $632,112,000 after buying an additional 1,779,432 shares in the last quarter. Northern Trust Corp increased its position in Dollar General by 0.9% during the 1st quarter. Northern Trust Corp now owns 3,774,084 shares of the company’s stock valued at $353,066,000 after buying an additional 34,828 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its position in Dollar General by 8,228.6% during the 1st quarter. Summit Trail Advisors LLC now owns 3,050,695 shares of the company’s stock valued at $3,051,000 after buying an additional 3,014,066 shares in the last quarter. Institutional investors own 93.53% of the company’s stock.
A number of research analysts recently weighed in on DG shares. ValuEngine lowered Dollar General from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Moffett Nathanson lowered Dollar General from a “neutral” rating to a “sell” rating in a research report on Friday, May 11th. Credit Suisse Group set a $103.00 price objective on Dollar General and gave the company a “hold” rating in a research report on Tuesday, May 29th. Loop Capital reaffirmed a “hold” rating on shares of Dollar General in a research report on Wednesday, May 30th. Finally, Telsey Advisory Group reduced their price objective on Dollar General from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, June 1st. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Dollar General has an average rating of “Buy” and an average target price of $97.74.
Dollar General stock opened at $108.01 on Friday. The firm has a market capitalization of $28.79 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.90. Dollar General Corp. has a 12 month low of $70.30 and a 12 month high of $109.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.65 and a quick ratio of 0.23.
Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, May 31st. The company reported $1.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.04). The firm had revenue of $6.11 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Dollar General had a return on equity of 22.40% and a net margin of 6.77%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $1.03 earnings per share. equities research analysts forecast that Dollar General Corp. will post 6.06 earnings per share for the current year.
Dollar General Profile
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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