Green Square Capital LLC Purchases Shares of 5,282 Dollar General Corp. (DG)
Green Square Capital LLC purchased a new position in shares of Dollar General Corp. (NYSE:DG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,282 shares of the company’s stock, valued at approximately $497,000.
Other hedge funds have also modified their holdings of the company. Legal & General Group Plc increased its stake in shares of Dollar General Corp. by 1.4% in the first quarter. Legal & General Group Plc now owns 1,272,052 shares of the company’s stock worth $108,887,000 after buying an additional 18,068 shares during the last quarter. British Airways Pensions Investment Management Ltd increased its stake in shares of Dollar General Corp. by 27.1% in the second quarter. British Airways Pensions Investment Management Ltd now owns 340,740 shares of the company’s stock worth $32,157,000 after buying an additional 72,740 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Dollar General Corp. by 32.9% in the first quarter. Royal Bank of Canada now owns 544,084 shares of the company’s stock worth $46,572,000 after buying an additional 134,621 shares during the last quarter. Orbis Allan Gray Ltd acquired a new stake in shares of Dollar General Corp. during the first quarter worth approximately $195,087,000. Finally, Zurich Insurance Group Ltd FI increased its stake in shares of Dollar General Corp. by 41.8% in the first quarter. Zurich Insurance Group Ltd FI now owns 32,502 shares of the company’s stock worth $2,782,000 after buying an additional 9,580 shares during the last quarter. 85.44% of the stock is owned by institutional investors.
Dollar General Corp. (NYSE:DG) traded down 0.40% on Thursday, hitting $71.89. The stock had a trading volume of 4,682,917 shares. The company’s 50 day moving average price is $81.02 and its 200 day moving average price is $85.80. Dollar General Corp. has a 52-week low of $59.75 and a 52-week high of $96.88. The firm has a market cap of $20.25 billion, a price-to-earnings ratio of 16.81 and a beta of 0.63.
Dollar General Corp. (NYSE:DG) last issued its earnings results on Thursday, August 25th. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.09 by $0.01. The firm earned $5.39 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $0.95 EPS. Analysts expect that Dollar General Corp. will post $4.50 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Monday, September 12th. Dollar General Corp.’s dividend payout ratio is currently 23.42%.
A number of analysts recently commented on DG shares. Morgan Stanley reaffirmed a “buy” rating and set a $97.00 price target on shares of Dollar General Corp. in a research report on Sunday, August 28th. Citigroup Inc. increased their price target on Dollar General Corp. from $89.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, August 31st. Wolfe Research downgraded Dollar General Corp. from a “market perform” rating to an “underperform” rating in a research report on Wednesday, September 7th. Jefferies Group reaffirmed a “hold” rating on shares of Dollar General Corp. in a research report on Monday, September 12th. Finally, Macquarie reaffirmed an “outperform” rating and set a $92.00 price target on shares of Dollar General Corp. in a research report on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $90.33.
In related news, Director William C. Rhodes III acquired 5,000 shares of the company’s stock in a transaction on Friday, August 26th. The stock was acquired 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 SEC, which can be accessed through this hyperlink. Also, Director Michael M. Calbert acquired 13,000 shares of the company’s stock in a transaction on Tuesday, August 30th. The shares were 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. 0.22% of the stock is currently owned by corporate insiders.
Dollar General Corp. Company Profile
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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