State of New Jersey Common Pension Fund D held its stake in Dollar General Corporation (NYSE:DG) during the second quarter, Holdings Channel reports. The fund owned 152,000 shares of the company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Dollar General Corporation were worth $10,958,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DG. Alpha Windward LLC boosted its stake in Dollar General Corporation by 2.4% in the first quarter. Alpha Windward LLC now owns 1,844 shares of the company’s stock worth $129,000 after buying an additional 44 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in Dollar General Corporation by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 15,636 shares of the company’s stock worth $1,127,000 after buying an additional 53 shares during the last quarter. Huntington National Bank boosted its stake in Dollar General Corporation by 4.0% in the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock worth $142,000 after buying an additional 75 shares during the last quarter. Horrell Capital Management Inc. boosted its stake in Dollar General Corporation by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock worth $1,901,000 after buying an additional 100 shares during the last quarter. Finally, Chescapmanager LLC boosted its stake in Dollar General Corporation by 0.4% in the first quarter. Chescapmanager LLC now owns 27,600 shares of the company’s stock worth $1,925,000 after buying an additional 100 shares during the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.

Dollar General Corporation (NYSE DG) opened at 77.15 on Thursday. The stock has a market cap of $21.16 billion, a price-to-earnings ratio of 17.44 and a beta of 0.93. Dollar General Corporation has a 52 week low of $65.97 and a 52 week high of $94.75. The company has a 50 day moving average price of $72.40 and a 200 day moving average price of $72.59.

Dollar General Corporation (NYSE:DG) last posted its quarterly earnings results on Thursday, June 1st. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.03. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Dollar General Corporation had a net margin of 5.53% and a return on equity of 23.07%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. Analysts expect that Dollar General Corporation will post $4.50 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Tuesday, July 11th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, July 7th. This represents a $1.04 annualized dividend and a yield of 1.35%. Dollar General Corporation’s dividend payout ratio is currently 23.48%.

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A number of research firms have recently weighed in on DG. Sanford C. Bernstein reissued an “outperform” rating and issued a $88.00 price objective on shares of Dollar General Corporation in a research report on Wednesday, May 17th. Jefferies Group LLC reissued a “hold” rating and issued a $68.00 price objective on shares of Dollar General Corporation in a research report on Wednesday, April 19th. BMO Capital Markets reissued a “neutral” rating and issued a $85.00 price objective (up previously from $76.00) on shares of Dollar General Corporation in a research report on Friday, June 2nd. Zacks Investment Research raised Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Friday, June 9th. Finally, BidaskClub cut Dollar General Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price 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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Institutional Ownership by Quarter for Dollar General Corporation (NYSE:DG)

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