D.A. Davidson & CO. bought a new position in shares of Dollar General Corp. (NYSE:DG) in the 3rd quarter, HoldingsChannel reports. The fund bought 2,015 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also made changes to their positions in DG. Bank of New York Mellon Corp boosted its stake in shares of Dollar General by 23,132.8% during the third quarter. Bank of New York Mellon Corp now owns 3,356,904 shares of the company’s stock worth $366,909,000 after buying an additional 3,342,455 shares during the period. Millennium Management LLC boosted its stake in shares of Dollar General by 140.6% during the second quarter. Millennium Management LLC now owns 1,345,577 shares of the company’s stock worth $132,674,000 after buying an additional 786,382 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Dollar General by 12.4% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,450,172 shares of the company’s stock worth $635,987,000 after buying an additional 711,483 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Dollar General by 182.7% during the second quarter. Janus Henderson Group PLC now owns 1,040,981 shares of the company’s stock worth $102,641,000 after buying an additional 672,761 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Dollar General by 205.0% during the second quarter. Renaissance Technologies LLC now owns 988,800 shares of the company’s stock worth $97,496,000 after buying an additional 664,600 shares during the period. Institutional investors and hedge funds own 94.23% of the company’s stock.

NYSE DG opened at $102.70 on Friday. The stock has a market cap of $28.04 billion, a P/E ratio of 18.98, a PEG ratio of 1.25 and a beta of 0.84. Dollar General Corp. has a 52-week low of $85.54 and a 52-week high of $118.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.21.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Tuesday, December 4th. The company reported $1.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.26. Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The firm had revenue of $6.42 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the prior year, the company posted $0.93 earnings per share. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, sell-side analysts predict that Dollar General Corp. will post 6 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 8th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Monday, January 7th. This represents a $1.16 dividend on an annualized basis and a yield of 1.13%. Dollar General’s dividend payout ratio (DPR) is presently 25.84%.

Several brokerages have recently weighed in on DG. Zacks Investment Research downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th. Buckingham Research increased their price target on shares of Dollar General from $95.00 to $107.00 and gave the stock a “neutral” rating in a report on Monday, August 27th. Credit Suisse Group set a $108.00 price target on shares of Dollar General and gave the stock a “hold” rating in a report on Sunday, September 2nd. Wells Fargo & Co increased their price target on shares of Dollar General from $113.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, August 29th. Finally, MKM Partners increased their price target on shares of Dollar General to $117.00 and gave the stock a “buy” rating in a report on Tuesday, August 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus 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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Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corp. (NYSE:DG).

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

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