Dollar General Corp. (DG) Shares Bought by BlackRock Inc.

BlackRock Inc. grew its stake in Dollar General Corp. (NYSE:DG) by 3.2% during the first quarter, HoldingsChannel reports. The fund owned 22,910,261 shares of the company’s stock after purchasing an additional 703,219 shares during the quarter. BlackRock Inc. owned approximately 0.09% of Dollar General worth $2,733,192,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc boosted its stake in shares of Dollar General by 2.0% during the third quarter. Vanguard Group Inc now owns 19,201,573 shares of the company’s stock valued at $2,098,732,000 after purchasing an additional 370,008 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Dollar General by 10,128.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,752,166 shares of the company’s stock valued at $90,000 after purchasing an additional 9,656,820 shares in the last quarter. FMR LLC boosted its stake in shares of Dollar General by 21.3% during the fourth quarter. FMR LLC now owns 7,274,966 shares of the company’s stock valued at $786,278,000 after purchasing an additional 1,278,052 shares in the last quarter. Polen Capital Management LLC boosted its stake in shares of Dollar General by 1.5% during the fourth quarter. Polen Capital Management LLC now owns 7,155,529 shares of the company’s stock valued at $773,370,000 after purchasing an additional 105,776 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Dollar General by 9.7% during the fourth quarter. Geode Capital Management LLC now owns 3,767,235 shares of the company’s stock valued at $406,512,000 after purchasing an additional 334,530 shares in the last quarter. Institutional investors and hedge funds own 94.87% of the company’s stock.

A number of research firms have recently issued reports on DG. Zacks Investment Research upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a research note on Wednesday, May 22nd. Bank of America set a $133.00 price objective on shares of Dollar General and gave the company a “buy” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. raised their target price on shares of Dollar General from $121.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Telsey Advisory Group restated an “outperform” rating and issued a $126.00 target price on shares of Dollar General in a research note on Thursday, March 14th. Finally, BMO Capital Markets raised their target price on shares of Dollar General from $126.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $123.35.

In other Dollar General news, EVP Robert D. Ravener sold 78,987 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $117.78, for a total value of $9,303,088.86. Following the completion of the transaction, the executive vice president now owns 62,434 shares of the company’s stock, valued at $7,353,476.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Robert D. Ravener sold 8,973 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $123.82, for a total transaction of $1,111,036.86. Following the completion of the transaction, the executive vice president now directly owns 17,794 shares of the company’s stock, valued at approximately $2,203,253.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,255 shares of company stock valued at $17,037,351. Corporate insiders own 0.55% of the company’s stock.

Shares of DG opened at $121.96 on Tuesday. The company has a market capitalization of $31.61 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 1.58 and a beta of 0.72. Dollar General Corp. has a twelve month low of $86.87 and a twelve month high of $126.84. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.55 and a quick ratio of 0.19.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, March 14th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.89 by ($0.05). The company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Dollar General had a return on equity of 25.04% and a net margin of 6.20%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 EPS. On average, equities analysts predict that Dollar General Corp. will post 6.42 earnings per share for the current fiscal year.

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

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