Quadrature Capital Ltd Sells 22,585 Shares of Dollar General Corporation $DG

Quadrature Capital Ltd reduced its stake in shares of Dollar General Corporation (NYSE:DG) by 34.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,187 shares of the company’s stock after selling 22,585 shares during the period. Quadrature Capital Ltd’s holdings in Dollar General were worth $4,827,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. Ameritas Advisory Services LLC purchased a new stake in Dollar General in the 2nd quarter worth $101,000. Vanguard Group Inc. lifted its position in shares of Dollar General by 1.5% in the second quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock valued at $3,067,403,000 after acquiring an additional 384,447 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Dollar General by 483.1% in the second quarter. Empowered Funds LLC now owns 30,630 shares of the company’s stock worth $3,503,000 after acquiring an additional 25,377 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of Dollar General by 228.3% during the second quarter. Rockefeller Capital Management L.P. now owns 34,647 shares of the company’s stock worth $3,963,000 after purchasing an additional 24,094 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Dollar General by 21.4% during the second quarter. Nomura Asset Management Co. Ltd. now owns 90,177 shares of the company’s stock worth $10,314,000 after purchasing an additional 15,918 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Piper Sandler boosted their price target on Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Loop Capital reduced their price objective on shares of Dollar General from $120.00 to $100.00 and set a “hold” rating on the stock in a research report on Tuesday, November 11th. The Goldman Sachs Group lowered shares of Dollar General from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dollar General in a research note on Monday. Finally, Evercore ISI reduced their price target on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $118.14.

Dollar General Trading Up 0.5%

Shares of DG opened at $109.36 on Friday. The company’s fifty day moving average is $102.24 and its 200 day moving average is $106.55. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95. The stock has a market capitalization of $24.07 billion, a PE ratio of 20.25, a P/E/G ratio of 2.10 and a beta of 0.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter last year, the business earned $1.70 earnings per share. Dollar General’s quarterly revenue was up 5.1% compared to the same quarter last year. Sell-side analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.