Trent Capital Management Inc. NC Takes Position in Dollar General Corporation (NYSE:DG)
Trent Capital Management Inc. NC acquired a new position in shares of Dollar General Corporation (NYSE:DG) during the second quarter, Holdings Channel reports. The firm acquired 4,980 shares of the company’s stock, valued at approximately $359,000. Dollar General Corporation accounts for 0.5% of Trent Capital Management Inc. NC’s investment portfolio, making the stock its 19th largest position.
A number of other institutional investors have also recently bought and sold shares of the stock. Fox Run Management L.L.C. purchased a new position in Dollar General Corporation during the first quarter worth $314,000. Atria Investments LLC raised its position in Dollar General Corporation by 29.1% in the first quarter. Atria Investments LLC now owns 17,414 shares of the company’s stock worth $1,214,000 after buying an additional 3,925 shares during the period. Alpha Windward LLC raised its position 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 period. Private Trust Co. NA bought a new stake in shares of Dollar General Corporation during the first quarter valued at approximately $497,000. Finally, Horrell Capital Management Inc. raised its stake 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. Hedge funds and other institutional investors own 88.66% of the company’s stock.
Dollar General Corporation (DG) opened at 77.15 on Thursday. The company has a 50-day moving average of $72.40 and a 200 day moving average of $72.59. The firm has a market cap of $21.16 billion, a P/E 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.
Dollar General Corporation (NYSE:DG) last released its quarterly earnings results on Thursday, June 1st. The company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 analyst estimates of $5.59 billion. During the same quarter last year, the company posted $1.03 EPS. Dollar General Corporation’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts predict that Dollar General Corporation will post $4.50 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Tuesday, July 11th were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, July 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.35%. Dollar General Corporation’s dividend payout ratio (DPR) is 23.48%.
Several brokerages have commented on DG. Sanford C. Bernstein restated an “outperform” rating and set a $88.00 target price on shares of Dollar General Corporation in a research report on Wednesday, May 17th. Jefferies Group LLC restated a “hold” rating and set a $68.00 target price on shares of Dollar General Corporation in a research report on Wednesday, April 19th. BMO Capital Markets restated a “neutral” rating and set a $85.00 target price (up from $76.00) on shares of Dollar General Corporation in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Friday, June 9th. Finally, BidaskClub lowered shares of Dollar General Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the stock. Dollar General Corporation has a consensus rating of “Hold” and an average price target 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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