Jefferies Group LLC increased its stake in shares of Dollar General Corp. (NYSE:DG) by 244.4% in the third quarter, HoldingsChannel reports. The firm owned 48,741 shares of the company’s stock after buying an additional 34,589 shares during the quarter. Jefferies Group LLC’s holdings in Dollar General were worth $5,327,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. grew its holdings in Dollar General by 4.3% in the 2nd quarter. Sei Investments Co. now owns 262,817 shares of the company’s stock valued at $25,913,000 after buying an additional 10,876 shares during the period. Atria Investments LLC grew its holdings in Dollar General by 81.6% in the 3rd quarter. Atria Investments LLC now owns 41,020 shares of the company’s stock valued at $4,483,000 after buying an additional 18,432 shares during the period. Janus Henderson Group PLC grew its holdings in Dollar General by 182.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,040,981 shares of the company’s stock valued at $102,641,000 after buying an additional 672,761 shares during the period. Iberiabank Corp purchased a new stake in Dollar General in the 3rd quarter valued at about $231,000. Finally, Morgan Stanley grew its holdings in Dollar General by 26.9% in the 2nd quarter. Morgan Stanley now owns 2,069,037 shares of the company’s stock valued at $204,006,000 after buying an additional 438,596 shares during the period. Hedge funds and other institutional investors own 94.23% of the company’s stock.

Several analysts have commented on the company. Morgan Stanley lifted their price target on Dollar General from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Friday, August 31st. Credit Suisse Group set a $99.00 price target on Dollar General and gave the company a “hold” rating in a report on Monday, August 27th. Guggenheim restated a “buy” rating and issued a $115.00 price target on shares of Dollar General in a report on Monday, August 20th. Wells Fargo & Co lifted their price target on Dollar General from $113.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, August 29th. Finally, ValuEngine upgraded Dollar General from a “hold” rating to a “buy” rating in a report on Saturday, August 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $107.26.

NYSE DG opened at $102.70 on Friday. The stock has a market capitalization of $28.04 billion, a PE ratio of 22.87, a PEG ratio of 1.25 and a beta of 0.84. Dollar General Corp. has a 1-year low of $85.54 and a 1-year 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 0.46.

Dollar General (NYSE:DG) last released its quarterly earnings data on Tuesday, December 4th. The company reported $1.26 earnings per share for the quarter, meeting the consensus estimate of $1.26. The business had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.38 billion. Dollar General had a return on equity of 24.03% and a net margin of 7.24%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. Sell-side analysts expect that Dollar General Corp. will post 6 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Tuesday, January 8th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, January 7th. Dollar General’s dividend payout ratio is currently 25.84%.

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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.

See Also: Understanding Price to Earnings Ratio (PE)

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

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