Dollar General Corp. (DG) Shares Bought by HL Financial Services LLC
HL Financial Services LLC boosted its position in shares of Dollar General Corp. (NYSE:DG) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,741 shares of the company’s stock after buying an additional 4,500 shares during the period. HL Financial Services LLC’s holdings in Dollar General Corp. were worth $6,932,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sigma Planning Corp purchased a new position in Dollar General Corp. during the second quarter worth about $200,000. Burns J W & Co. Inc. NY purchased a new position in Dollar General Corp. during the second quarter worth about $203,000. Checchi Capital Advisers LLC raised its position in Dollar General Corp. by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,219 shares of the company’s stock worth $209,000 after buying an additional 43 shares during the last quarter. Alpha Windward LLC raised its position in Dollar General Corp. by 19.5% in the second quarter. Alpha Windward LLC now owns 2,240 shares of the company’s stock worth $211,000 after buying an additional 365 shares during the last quarter. Finally, Advisor Partners LLC purchased a new position in Dollar General Corp. during the first quarter worth about $231,000. Institutional investors and hedge funds own 85.31% of the company’s stock.
Shares of Dollar General Corp. (NYSE:DG) traded down 0.15% on Tuesday, reaching $71.72. 2,792,748 shares of the company were exchanged. The company has a market cap of $20.21 billion, a price-to-earnings ratio of 16.77 and a beta of 0.63. The company’s 50-day moving average price is $82.89 and its 200 day moving average price is $86.02. Dollar General Corp. has a 12 month low of $59.75 and a 12 month high of $96.88.
Dollar General Corp. (NYSE:DG) last announced its quarterly earnings data on Thursday, August 25th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by $0.01. The firm had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.50 billion. Dollar General Corp. had a return on equity of 22.95% and a net margin of 5.86%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 earnings per share. On average, equities research analysts expect that Dollar General Corp. will post $4.50 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.39%. Dollar General Corp.’s payout ratio is 23.42%.
DG has been the topic of a number of research analyst reports. Johnson Rice lowered shares of Dollar General Corp. from a “buy” rating to an “accumulate” rating in a research note on Friday, August 26th. MKM Partners raised their price target on shares of Dollar General Corp. from $91.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 26th. Deutsche Bank AG restated a “buy” rating and issued a $95.00 price target (up from $91.00) on shares of Dollar General Corp. in a research report on Monday, May 23rd. Citigroup Inc. restated a “buy” rating and issued a $107.00 price target (up from $98.00) on shares of Dollar General Corp. in a research report on Friday, June 3rd. Finally, BTIG Research initiated coverage on shares of Dollar General Corp. in a research report on Wednesday, June 1st. They issued a “buy” rating and a $105.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $90.33.
In related news, Director William C. Rhodes III bought 5,000 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was purchased at an average price of $76.30 per share, with a total value of $381,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael M. Calbert bought 13,000 shares of the company’s stock in a transaction dated Tuesday, August 30th. The stock was bought at an average cost of $75.53 per share, with a total value of $981,890.00. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.
About Dollar General Corp.
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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