Frontier Capital Management Co. LLC grew its holdings in shares of Dollar General Co. (NYSE:DG – Free Report) by 5.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 331,377 shares of the company’s stock after purchasing an additional 16,347 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 0.15% of Dollar General worth $69,742,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in DG. First Western Trust Bank grew its holdings in shares of Dollar General by 3.2% during the 1st quarter. First Western Trust Bank now owns 26,846 shares of the company’s stock worth $5,650,000 after purchasing an additional 836 shares during the period. GSB Wealth Management LLC increased its position in shares of Dollar General by 5.2% in the first quarter. GSB Wealth Management LLC now owns 2,251 shares of the company’s stock worth $474,000 after acquiring an additional 111 shares in the last quarter. Gallagher Fiduciary Advisors LLC purchased a new position in shares of Dollar General in the 1st quarter valued at $491,000. Graham Capital Management L.P. lifted its holdings in shares of Dollar General by 33.3% during the 1st quarter. Graham Capital Management L.P. now owns 202,363 shares of the company’s stock valued at $42,589,000 after acquiring an additional 50,571 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Dollar General by 242.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 672,700 shares of the company’s stock valued at $141,576,000 after acquiring an additional 475,989 shares in the last quarter. Institutional investors and hedge funds own 90.37% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on DG shares. OTR Global upgraded Dollar General to a “positive” rating in a report on Friday, May 26th. Atlantic Securities lowered shares of Dollar General from an “overweight” rating to a “neutral” rating and set a $170.00 price objective on the stock. in a research note on Friday, June 2nd. Bank of America reduced their price target on shares of Dollar General from $155.00 to $130.00 in a report on Friday, September 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on Dollar General from $199.00 to $157.00 in a report on Friday, September 1st. Finally, Daiwa Capital Markets cut shares of Dollar General from an “outperform” rating to a “neutral” rating and set a $172.00 target price on the stock. in a research note on Tuesday, June 6th. Seventeen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $159.41.
Dollar General Stock Down 1.3 %
NYSE:DG traded down $1.69 during trading hours on Tuesday, reaching $124.95. The company had a trading volume of 792,745 shares, compared to its average volume of 2,615,778. The company has a quick ratio of 0.12, a current ratio of 1.39 and a debt-to-equity ratio of 1.16. Dollar General Co. has a twelve month low of $123.31 and a twelve month high of $261.59. The business’s 50-day simple moving average is $159.07 and its two-hundred day simple moving average is $186.59. The firm has a market cap of $27.42 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 2.18 and a beta of 0.30.
Dollar General (NYSE:DG – Get Free Report) last issued its quarterly earnings results on Thursday, August 31st. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.34). The company had revenue of $9.80 billion during the quarter, compared to analysts’ expectations of $9.93 billion. Dollar General had a return on equity of 36.34% and a net margin of 5.59%. Dollar General’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $2.98 earnings per share. On average, equities analysts expect that Dollar General Co. will post 7.82 earnings per share for the current year.
Dollar General Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.89%. Dollar General’s dividend payout ratio (DPR) is currently 24.18%.
Dollar General Profile
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits 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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