Chartwell Investment Partners LLC lifted its holdings in shares of Dollar General Corp. (NYSE:DG) by 29.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,933 shares of the company’s stock after buying an additional 6,059 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Dollar General were worth $2,944,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DG. Nisa Investment Advisors LLC grew its holdings in Dollar General by 123.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 35,495 shares of the company’s stock worth $3,500,000 after acquiring an additional 19,605 shares during the period. Municipal Employees Retirement System of Michigan grew its holdings in Dollar General by 67.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,260 shares of the company’s stock worth $1,111,000 after acquiring an additional 4,530 shares during the period. Cornerstone Wealth Management LLC acquired a new stake in Dollar General during the 2nd quarter worth $325,000. Steward Partners Investment Advisory LLC grew its holdings in Dollar General by 50.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,784 shares of the company’s stock worth $176,000 after acquiring an additional 596 shares during the period. Finally, Naples Global Advisors LLC grew its holdings in Dollar General by 21.4% during the 2nd quarter. Naples Global Advisors LLC now owns 5,216 shares of the company’s stock worth $514,000 after acquiring an additional 921 shares during the period. 95.91% of the stock is owned by institutional investors and hedge funds.

DG opened at $110.51 on Tuesday. The firm has a market capitalization of $29.59 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.34 and a beta of 0.82. Dollar General Corp. has a 12 month low of $85.54 and a 12 month high of $118.45. 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 quarterly earnings data on Thursday, August 30th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.49 by $0.03. The business had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Dollar General had a net margin of 7.06% and a return on equity of 23.51%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 EPS. As a group, equities analysts forecast that Dollar General Corp. will post 6.1 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 23rd. Investors of record on Tuesday, October 9th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 5th. This represents a $1.16 annualized dividend and a yield of 1.05%. Dollar General’s dividend payout ratio is currently 25.84%.

In related news, EVP Robert D. Ravener sold 22,440 shares of the business’s stock in a transaction on Friday, September 7th. The shares were 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 directly owns 50,747 shares of the company’s stock, valued at approximately $5,657,783.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.41% of the company’s stock.

A number of equities analysts have recently weighed in on DG shares. Guggenheim reissued a “buy” rating and set a $115.00 price target on shares of Dollar General in a research report on Monday, August 20th. ValuEngine raised shares of Dollar General from a “hold” rating to a “buy” rating in a research report on Saturday, August 18th. Zacks Investment Research raised shares of Dollar General from a “sell” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Tuesday, August 14th. MKM Partners lifted their price target on shares of Dollar General to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, August 28th. Finally, Deutsche Bank lifted their price target on shares of Dollar General from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $107.26.

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Dollar General 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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