Russell Investments Group Ltd. boosted its stake in Dollar General Corporation (NYSE:DG) by 12.9% during the second quarter, Holdings Channel reports. The fund owned 289,299 shares of the company’s stock after buying an additional 33,029 shares during the period. Russell Investments Group Ltd.’s holdings in Dollar General Corporation were worth $20,857,000 at the end of the most recent reporting period.

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

Dollar General Corporation (NYSE:DG) traded up 1.90% during mid-day trading on Monday, reaching $76.28. The company’s stock had a trading volume of 874,123 shares. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $94.75. The firm’s 50 day moving average is $71.91 and its 200-day moving average is $72.44. The company has a market cap of $20.92 billion, a PE ratio of 17.25 and a beta of 0.93.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.39%. Dollar General Corporation’s payout ratio is currently 23.48%.

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Several research analysts have recently commented on DG shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $88.00 price objective on shares of Dollar General Corporation in a research note on Wednesday, May 17th. Buckingham Research reaffirmed a “neutral” rating and issued a $75.00 price objective on shares of Dollar General Corporation in a research note on Monday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $68.00 price objective on shares of Dollar General Corporation in a research note on Wednesday, April 19th. BMO Capital Markets reaffirmed a “neutral” rating and issued a $85.00 price objective (up previously from $76.00) on shares of Dollar General Corporation in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Friday, June 9th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average 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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