Sterling Capital Management LLC Has $61.37 Million Position in Dollar General Corp. (DG)
Sterling Capital Management LLC trimmed its position in shares of Dollar General Corp. (NYSE:DG) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 757,147 shares of the company’s stock after selling 3,748 shares during the period. Sterling Capital Management LLC owned about 0.28% of Dollar General worth $61,367,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Sun Life Financial INC boosted its stake in shares of Dollar General by 18,170.0% during the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock valued at $132,000 after purchasing an additional 1,817 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Dollar General by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after purchasing an additional 48 shares in the last quarter. Welch Group LLC boosted its stake in shares of Dollar General by 27.1% during the second quarter. Welch Group LLC now owns 2,267 shares of the company’s stock valued at $163,000 after purchasing an additional 483 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Dollar General by 22,950.0% during the third quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $187,000 after purchasing an additional 2,295 shares in the last quarter. Finally, Sigma Planning Corp bought a new position in shares of Dollar General during the second quarter valued at approximately $202,000. Institutional investors own 89.90% of the company’s stock.
DG has been the topic of a number of recent research reports. BMO Capital Markets set a $85.00 price objective on shares of Dollar General and gave the company a “hold” rating in a research note on Tuesday, August 22nd. Zacks Investment Research downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Loop Capital reiterated a “hold” rating and set a $76.00 price objective on shares of Dollar General in a research note on Thursday, August 24th. Bank of America reiterated a “buy” rating and set a $90.00 price objective on shares of Dollar General in a research note on Friday, August 25th. Finally, BidaskClub upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $85.54.
In other Dollar General news, EVP Robert D. Ravener sold 11,368 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total value of $1,055,064.08. Following the completion of the transaction, the executive vice president now owns 22,598 shares of the company’s stock, valued at $2,097,320.38. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.22% of the company’s stock.
Dollar General Corp. (NYSE:DG) opened at $91.64 on Thursday. The stock has a market cap of $24,772.03, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.80 and a beta of 0.96. Dollar General Corp. has a fifty-two week low of $65.97 and a fifty-two week high of $96.60. The company has a quick ratio of 0.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.47.
Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). The company had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. sell-side analysts expect that Dollar General Corp. will post 4.49 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be issued a $0.26 dividend. The ex-dividend date is Monday, January 8th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.13%. Dollar General’s dividend payout ratio is currently 23.01%.
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About Dollar General
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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