Dollar General Corp. (DG) Stake Lessened by Cubist Systematic Strategies LLC
Cubist Systematic Strategies LLC decreased its holdings in shares of Dollar General Corp. (NYSE:DG) by 74.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,104 shares of the company’s stock after selling 18,190 shares during the period. Cubist Systematic Strategies LLC’s holdings in Dollar General were worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in DG. Victory Capital Management Inc. lifted its position in shares of Dollar General by 14.9% during the 2nd quarter. Victory Capital Management Inc. now owns 19,696 shares of the company’s stock valued at $1,420,000 after buying an additional 2,551 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Dollar General by 27.3% during the 2nd quarter. Prudential Financial Inc. now owns 453,353 shares of the company’s stock valued at $32,682,000 after buying an additional 97,120 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Dollar General by 8.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 6,297 shares of the company’s stock valued at $454,000 after buying an additional 473 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Dollar General by 15.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 79,882 shares of the company’s stock valued at $5,759,000 after buying an additional 10,436 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Dollar General by 18.3% in the 2nd quarter. Principal Financial Group Inc. now owns 1,875,695 shares of the company’s stock valued at $135,218,000 after purchasing an additional 290,578 shares in the last quarter. Hedge funds and other institutional investors own 90.21% of the company’s stock.
Dollar General Corp. (NYSE DG) opened at $92.58 on Friday. Dollar General Corp. has a fifty-two week low of $65.97 and a fifty-two week high of $96.60. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $25,152.22, a price-to-earnings ratio of 20.48, a PEG ratio of 1.83 and a beta of 0.96.
Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.01). Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The company had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. research analysts expect that Dollar General Corp. will post 4.48 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be issued a dividend of $0.26 per share. The ex-dividend date is Monday, January 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.12%. Dollar General’s dividend payout ratio is presently 23.01%.
A number of research analysts have weighed in on the company. Wolfe Research upgraded Dollar General from an “underperform” rating to an “outperform” rating in a report on Wednesday, December 20th. Zacks Investment Research lowered Dollar General from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Raymond James Financial set a $107.00 price objective on Dollar General and gave the company a “buy” rating in a report on Saturday, December 9th. BMO Capital Markets set a $102.00 price objective on Dollar General and gave the company a “hold” rating in a report on Friday, December 8th. Finally, Telsey Advisory Group raised their price objective on Dollar General from $86.00 to $98.00 and gave the company a “market perform” rating in a report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $85.54.
In related news, SVP Anita C. Elliott sold 2,012 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $92.82, for a total transaction of $186,753.84. Following the completion of the sale, the senior vice president now directly owns 14,969 shares of the company’s stock, valued at approximately $1,389,422.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert D. Ravener sold 11,368 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $92.81, for a total value of $1,055,064.08. Following the sale, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at $2,097,320.38. The disclosure for this sale can be found here. Insiders have sold a total of 20,916 shares of company stock valued at $1,924,881 over the last three months. Corporate insiders own 0.22% of the company’s stock.
Dollar General Company 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.
Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with Analyst Ratings Network's FREE daily email newsletter.