Charles Schwab Investment Management Inc. reduced its holdings in Dollar General Corp. (NYSE:DG) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,188,976 shares of the company’s stock after selling 39,832 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.47% of Dollar General worth $226,512,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. State Street Corp grew its position in shares of Dollar General by 0.4% in the first quarter. State Street Corp now owns 11,394,721 shares of the company’s stock valued at $1,720,717,000 after purchasing an additional 45,463 shares during the last quarter. Capital World Investors grew its position in shares of Dollar General by 126.1% in the first quarter. Capital World Investors now owns 11,081,796 shares of the company’s stock valued at $1,673,462,000 after purchasing an additional 6,181,380 shares during the last quarter. FMR LLC grew its position in shares of Dollar General by 22.3% in the second quarter. FMR LLC now owns 9,791,830 shares of the company’s stock valued at $1,865,441,000 after purchasing an additional 1,785,155 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Dollar General by 5.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,391,868 shares of the company’s stock valued at $512,204,000 after purchasing an additional 174,476 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Dollar General by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 3,313,649 shares of the company’s stock valued at $631,284,000 after purchasing an additional 101,488 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors.
DG traded up $0.59 during midday trading on Wednesday, reaching $203.46. 45,716 shares of the company’s stock were exchanged, compared to its average volume of 2,311,249. The firm has a market capitalization of $50.52 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 1.65 and a beta of 0.49. The business has a 50-day simple moving average of $196.70 and a two-hundred day simple moving average of $180.57. The company has a quick ratio of 0.59, a current ratio of 1.40 and a debt-to-equity ratio of 0.56. Dollar General Corp. has a one year low of $125.00 and a one year high of $206.98.
Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 27th. The company reported $3.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.68. The company had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.35 billion. Dollar General had a net margin of 7.48% and a return on equity of 33.51%. The company’s revenue was up 24.4% on a year-over-year basis. During the same quarter last year, the business posted $1.74 earnings per share. As a group, research analysts anticipate that Dollar General Corp. will post 9.49 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Monday, October 5th. Dollar General’s payout ratio is 21.40%.
Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised their price target on Dollar General from $200.00 to $223.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. Telsey Advisory Group increased their target price on shares of Dollar General from $210.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, August 24th. Credit Suisse Group reiterated a “neutral” rating and issued a $182.00 target price on shares of Dollar General in a research note on Wednesday, August 5th. Raymond James reiterated a “buy” rating and issued a $235.00 target price on shares of Dollar General in a research note on Friday, August 28th. Finally, Morgan Stanley increased their target price on shares of Dollar General from $222.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $212.67.
In other news, CEO Todd J. Vasos sold 37,237 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $200.07, for a total transaction of $7,450,006.59. Following the completion of the sale, the chief executive officer now owns 301,879 shares of the company’s stock, valued at $60,396,931.53. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Steven G. Sunderland sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $203.21, for a total transaction of $365,778.00. Following the completion of the sale, the executive vice president now directly owns 9,654 shares of the company’s stock, valued at approximately $1,961,789.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,102 shares of company stock valued at $17,502,742. Company insiders own 0.72% of the company’s stock.
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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