Royal London Asset Management Ltd. acquired a new position in shares of Dollar General Corp. (NYSE:DG) in the second quarter, Holdings Channel reports. The institutional investor acquired 113,364 shares of the company’s stock, valued at approximately $11,178,000.

Other institutional investors also recently made changes to their positions in the company. Community Bank N.A. boosted its holdings in Dollar General by 240.2% in the second quarter. Community Bank N.A. now owns 1,657 shares of the company’s stock valued at $164,000 after purchasing an additional 1,170 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Dollar General by 50.2% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,784 shares of the company’s stock valued at $176,000 after purchasing an additional 596 shares in the last quarter. Checchi Capital Advisers LLC acquired a new position in Dollar General in the second quarter valued at approximately $205,000. Peapack Gladstone Financial Corp acquired a new position in Dollar General in the first quarter valued at approximately $209,000. Finally, Legacy Capital Partners Inc. acquired a new position in Dollar General in the second quarter valued at approximately $212,000. 94.95% of the stock is owned by institutional investors and hedge funds.

Shares of DG stock opened at $108.26 on Monday. Dollar General Corp. has a 1-year low of $76.57 and a 1-year high of $112.59. The firm has a market cap of $28.75 billion, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. The company has a current ratio of 1.55, a quick ratio of 0.21 and a debt-to-equity ratio of 0.44.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 30th. The company reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.03. The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.38 billion. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. Dollar General’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 earnings per share. equities analysts predict that Dollar General Corp. will post 6.1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 23rd. Shareholders of record on Tuesday, October 9th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, October 5th. Dollar General’s dividend payout ratio (DPR) is 25.84%.

A number of equities research analysts have weighed in on the company. Raymond James upgraded Dollar General from an “outperform” rating to a “strong-buy” rating in a research note on Friday, June 22nd. Wells Fargo & Co boosted their price objective on Dollar General from $113.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, August 29th. Gordon Haskett upgraded Dollar General from an “accumulate” rating to a “buy” rating and boosted their price objective for the company from $65.97 to $67.00 in a research note on Monday, June 4th. Loop Capital reiterated a “hold” rating on shares of Dollar General in a research note on Wednesday, May 30th. Finally, Zacks Investment Research upgraded Dollar General from a “sell” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Tuesday, August 14th. One analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $103.33.

In other Dollar General news, EVP Robert D. Ravener sold 22,440 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $111.49, for a total value of $2,501,835.60. Following the sale, the executive vice president now owns 50,747 shares of the company’s stock, valued at $5,657,783.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

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

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