Dollar General Corporation (NYSE:DG) Shares Sold by Retirement Systems of Alabama
Retirement Systems of Alabama cut its position in Dollar General Corporation (NYSE:DG) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 122,323 shares of the company’s stock after selling 534 shares during the period. Retirement Systems of Alabama’s holdings in Dollar General Corporation were worth $8,818,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in DG. IFP Advisors Inc increased its position in shares of Dollar General Corporation by 7.9% in the second quarter. IFP Advisors Inc now owns 4,139 shares of the company’s stock worth $298,000 after buying an additional 303 shares during the last quarter. Anchor Capital Advisors LLC acquired a new position in shares of Dollar General Corporation during the second quarter worth $20,909,000. Sei Investments Co. increased its position in shares of Dollar General Corporation by 15.0% in the second quarter. Sei Investments Co. now owns 248,950 shares of the company’s stock worth $17,947,000 after buying an additional 32,496 shares during the last quarter. Parsec Financial Management Inc. increased its position in shares of Dollar General Corporation by 2.8% in the second quarter. Parsec Financial Management Inc. now owns 36,278 shares of the company’s stock worth $2,615,000 after buying an additional 976 shares during the last quarter. Finally, Majedie Asset Management Ltd increased its position in shares of Dollar General Corporation by 37.3% in the second quarter. Majedie Asset Management Ltd now owns 114,775 shares of the company’s stock worth $8,274,000 after buying an additional 31,182 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.
Shares of Dollar General Corporation (NYSE DG) opened at 75.49 on Friday. Dollar General Corporation has a one year low of $65.97 and a one year high of $92.65. The company has a market cap of $20.70 billion, a PE ratio of 17.07 and a beta of 0.93. The firm’s 50-day moving average is $72.64 and its 200-day moving average is $72.65.
Dollar General Corporation (NYSE:DG) last announced its quarterly earnings data on Thursday, June 1st. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.03. The firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.59 billion. Dollar General Corporation had a net margin of 5.53% and a return on equity of 23.07%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $1.03 EPS. On average, equities analysts anticipate that Dollar General Corporation will post $4.50 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were paid a $0.26 dividend. The ex-dividend date was Friday, July 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.38%. Dollar General Corporation’s payout ratio is currently 23.48%.
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A number of equities analysts have recently weighed in on the company. Buckingham Research restated a “neutral” rating and issued a $75.00 target price on shares of Dollar General Corporation in a research note on Monday, August 7th. BidaskClub upgraded Dollar General Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC restated a “hold” rating and issued a $68.00 target price on shares of Dollar General Corporation in a research note on Wednesday, July 19th. Deutsche Bank AG restated a “hold” rating and issued a $78.00 target price on shares of Dollar General Corporation in a research note on Tuesday, July 4th. Finally, Zacks Investment Research upgraded Dollar General Corporation from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $80.89.
About Dollar General Corporation
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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