Russell Investments Group Ltd. Has $166.16 Million Stake in Dollar General Corporation $DG

Russell Investments Group Ltd. raised its stake in shares of Dollar General Corporation (NYSE:DGFree Report) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,607,977 shares of the company’s stock after purchasing an additional 94,366 shares during the quarter. Russell Investments Group Ltd. owned 0.73% of Dollar General worth $166,161,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Cardinal Point Capital Management ULC lifted its stake in shares of Dollar General by 5.0% in the third quarter. Cardinal Point Capital Management ULC now owns 2,120 shares of the company’s stock valued at $219,000 after buying an additional 100 shares during the period. Meridian Wealth Management LLC increased its stake in Dollar General by 5.5% during the third quarter. Meridian Wealth Management LLC now owns 1,955 shares of the company’s stock valued at $202,000 after acquiring an additional 102 shares during the period. Accurate Wealth Management LLC raised its holdings in Dollar General by 1.2% in the 3rd quarter. Accurate Wealth Management LLC now owns 9,182 shares of the company’s stock valued at $952,000 after acquiring an additional 108 shares in the last quarter. Stablepoint Partners LLC lifted its position in shares of Dollar General by 0.6% in the 2nd quarter. Stablepoint Partners LLC now owns 17,474 shares of the company’s stock worth $1,999,000 after acquiring an additional 110 shares during the period. Finally, Smith Moore & CO. lifted its position in shares of Dollar General by 2.7% in the 3rd quarter. Smith Moore & CO. now owns 4,387 shares of the company’s stock worth $453,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

DG has been the topic of a number of research reports. BNP Paribas Exane boosted their price objective on Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Jefferies Financial Group raised their target price on Dollar General from $165.00 to $178.00 in a research report on Wednesday, February 25th. Morgan Stanley lifted their price target on shares of Dollar General from $135.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Rothschild & Co Redburn upgraded shares of Dollar General to a “strong sell” rating in a research note on Wednesday, February 25th. Finally, Evercore reduced their price objective on shares of Dollar General from $145.00 to $144.00 in a report on Tuesday, March 3rd. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus price target of $145.93.

Read Our Latest Analysis on Dollar General

Insiders Place Their Bets

In other Dollar General news, EVP Rhonda Taylor sold 7,500 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total value of $1,011,675.00. Following the transaction, the executive vice president directly owned 73,492 shares in the company, valued at $9,913,335.88. The trade was a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Roderick J. West sold 2,282 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $133.35, for a total transaction of $304,304.70. Following the sale, the executive vice president directly owned 36,108 shares in the company, valued at $4,815,001.80. This represents a 5.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 58,673 shares of company stock worth $7,713,389 in the last quarter. 0.56% of the stock is owned by corporate insiders.

Key Stories Impacting Dollar General

Here are the key news stories impacting Dollar General this week:

Dollar General Stock Performance

Shares of NYSE:DG opened at $146.05 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. The business’s fifty day moving average price is $147.14 and its two-hundred day moving average price is $122.78. Dollar General Corporation has a fifty-two week low of $74.67 and a fifty-two week high of $158.23. The stock has a market capitalization of $32.15 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 2.41 and a beta of 0.23.

Dollar General (NYSE:DGGet Free Report) last issued its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The company had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period last year, the business earned $0.89 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. As a group, analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Profile

(Free Report)

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.

Further Reading

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

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