The firm owned 28,298 shares of the company's stock after buying an additional 2,764 shares during the quarter.
WINTON GROUP Ltd decreased its position in Dollar General Corp. It increased, as 62 investors sold DG shares while 193 reduced holdings. Ameriprise Financial Inc. raised its stake in Dollar General by 115.4% during the 2nd quarter. "The company is capturing a more significant share of spending from middle income and more affluent Americans". PA purchased a new stake in Dollar General during the third quarter valued at $344,000. Caisse DE Depot ET Placement DU Quebec grew its stake in Dollar General by 2.3% during the 3rd quarter. Prudential Financial Inc. boosted its stake in Dollar General by 27.3% in the 2nd quarter. L L C now owns 1,241,424 shares of the company's stock worth $89,495,000 after buying an additional 945,673 shares in the last quarter. L L C boosted its stake in Dollar General by 319.8% in the 2nd quarter. Capital International Investors now owns 5,636,400 shares of the company's stock valued at $406,328,000 after purchasing an additional 98,000 shares in the last quarter.
Want to see what other hedge funds are holding DG?
Covering sell-side analysts have recently weighed in on shares of Dollar General Corporation (NYSE:DG).
For the 2017 39-week period, Dollar General reported net income of $827 million, or $3.02 per diluted share, versus net income of $837 million, or $2.95 per diluted share, for the year-ago period. Bank of America restated a "buy" rating and issued a $90.00 price objective on shares of Dollar General in a report on Friday, August 25th. The stock of Dollar General Corporation (NYSE:DG) earned "Outperform" rating by Macquarie Research on Monday, April 4. The same goes for P/S and P/B, you want these value to be lower, to represent a potential undervalued company, and they have a P/S and P/B of 1.1 and 4.37 respectively. Raymond James Financial reiterated a "buy" rating on shares of Dollar General in a report on Sunday. Piper Jaffray maintained the shares of DG in report on Friday, September 29 with "Buy" rating. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of "Hold" and a consensus price target of $82.93. Alliancebernstein Limited Partnership has invested 0.11% of its portfolio in Dollar General Corporation (NYSE:DG). Credit Suisse downgraded Dollar General Corporation (NYSE:DG) rating on Thursday, August 25. Over the last five trading sessions, the stock has moved 2.45%. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 0.18. The company has a market cap of $24,694.42, a P/E ratio of 20.04, a P/E/G ratio of 1.78 and a beta of 0.96. Dollar General Corp. had 92 analyst reports since August 13, 2015 according to SRatingsIntel.
Dollar General Corporation (NYSE:DG) stock has seen a rise as of late. The company fell a penny short of a MarketBeat-published diluted earnings per share analyst average estimate.
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Net sales advanced 11% to $5.9 billion in the quarter year over year. The firm's revenue was up 11.0% on a year-over-year basis.
Except for the second quarter, traffic at Dollar General stores declined over the past year, partly due to reduced food stamp coverage in several USA states.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be given a $0.26 dividend.
As with most large market cap stocks, it has a good dividend yield of 1.14%. Dollar General's payout ratio is now 23.48%. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
TRADEMARK VIOLATION NOTICE: This story was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & global trademark & copyright legislation. The new store growth includes the rebranding of 263 locations acquired in Dollar General's 2017 Q2.
According to Dollar General, comps lifts were spurred by positive results in the consumables, seasonal and apparel categories, partly offset by negative results in the home product category.