Pendal Group Ltd lowered its position in shares of Dollar General Corp. (NYSE:DG) by 21.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 618,469 shares of the company’s stock after selling 171,953 shares during the quarter. Pendal Group Ltd owned approximately 0.24% of Dollar General worth $74,962,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in Dollar General by 21.3% in the first quarter. FMR LLC now owns 8,825,495 shares of the company’s stock valued at $1,052,882,000 after acquiring an additional 1,550,529 shares during the period. Thoroughbred Financial Services LLC raised its position in shares of Dollar General by 19,589.1% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,085,064 shares of the company’s stock worth $108,506,000 after acquiring an additional 1,079,553 shares in the last quarter. BlackRock Inc. raised its position in shares of Dollar General by 3.2% in the 1st quarter. BlackRock Inc. now owns 22,910,261 shares of the company’s stock worth $2,733,192,000 after acquiring an additional 703,219 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt grew its stake in shares of Dollar General by 35.7% in the 1st quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,893,000 shares of the company’s stock valued at $225,873,000 after buying an additional 498,000 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Dollar General by 16.6% in the 1st quarter. Janus Henderson Group PLC now owns 2,903,504 shares of the company’s stock valued at $346,389,000 after buying an additional 414,388 shares during the period. Institutional investors own 95.32% of the company’s stock.

Dollar General stock traded up $0.46 during mid-day trading on Tuesday, reaching $135.40. 59,252 shares of the company traded hands, compared to its average volume of 1,698,242. The company has a quick ratio of 0.12, a current ratio of 1.16 and a debt-to-equity ratio of 1.52. Dollar General Corp. has a fifty-two week low of $98.08 and a fifty-two week high of $145.06. The firm has a market capitalization of $35.02 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 1.92 and a beta of 0.67. The company has a fifty day moving average price of $137.80.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, May 30th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.09. The firm had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.57 billion. Dollar General had a net margin of 6.16% and a return on equity of 25.03%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 earnings per share. Research analysts anticipate that Dollar General Corp. will post 6.47 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Monday, July 8th. Dollar General’s dividend payout ratio (DPR) is presently 21.44%.

A number of equities research analysts recently commented on DG shares. KeyCorp reaffirmed an “overweight” rating and issued a $140.00 price target (up previously from $125.00) on shares of Dollar General in a report on Friday, May 31st. Telsey Advisory Group restated an “outperform” rating and set a $138.00 price target (up from $129.00) on shares of Dollar General in a research report on Friday, May 31st. BMO Capital Markets upped their price target on shares of Dollar General from $133.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Oppenheimer upped their price target on shares of Dollar General from $135.00 to $150.00 and gave the company a “top pick” rating in a research report on Thursday, June 13th. Finally, Royal Bank of Canada upped their price target on shares of Dollar General from $133.00 to $139.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Dollar General currently has a consensus rating of “Buy” and a consensus target price of $134.68.

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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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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