D.A. Davidson & CO. grew its stake in Dollar General Corporation (NYSE:DG) by 28.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,983 shares of the company’s stock after purchasing an additional 6,723 shares during the period. D.A. Davidson & CO.’s holdings in Dollar General Corporation were worth $2,161,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Alpha Windward LLC boosted its stake in shares of Dollar General Corporation by 3.0% in the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock valued at $137,000 after buying an additional 56 shares in the last quarter. Huntington National Bank boosted its stake 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Dollar General Corporation by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after buying an additional 48 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Dollar General Corporation by 7,109.3% in the second quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock valued at $150,000 after buying an additional 10,664 shares in the last quarter. Finally, Welch Group LLC boosted its stake in shares of Dollar General Corporation by 27.1% in the second quarter. Welch Group LLC now owns 2,267 shares of the company’s stock valued at $163,000 after buying an additional 483 shares in the last quarter. 90.51% of the stock is currently owned by institutional investors and hedge funds.

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In other news, EVP Robert D. Ravener sold 11,257 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. Following the completion of the sale, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at approximately $1,740,046. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.22% of the company’s stock.

Shares of Dollar General Corporation (DG) opened at 77.66 on Friday. Dollar General Corporation has a 12 month low of $65.97 and a 12 month high of $80.67. The stock has a 50 day moving average price of $75.77 and a 200 day moving average price of $72.84. The stock has a market capitalization of $21.22 billion, a P/E ratio of 17.59 and a beta of 0.94.

Dollar General Corporation (NYSE:DG) last released its quarterly earnings data on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.01. The business had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.80 billion. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $1.08 EPS. On average, analysts anticipate that Dollar General Corporation will post $4.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, October 6th. Dollar General Corporation’s dividend payout ratio is presently 23.48%.

A number of analysts recently weighed in on DG shares. Gordon Haskett upgraded Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a research note on Thursday, June 1st. Johnson Rice upgraded Dollar General Corporation from an “accumulate” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Friday, June 9th. Bank of America Corporation restated a “buy” rating and issued a $90.00 price target on shares of Dollar General Corporation in a research note on Friday, August 25th. Finally, BidaskClub upgraded Dollar General Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $80.59.

Dollar General Corporation 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.

Institutional Ownership by Quarter for Dollar General Corporation (NYSE:DG)

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