Park National Corp OH increased its stake in Dollar General Corp. (NYSE:DG) by 12.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,138 shares of the company’s stock after buying an additional 5,633 shares during the period. Park National Corp OH’s holdings in Dollar General were worth $7,047,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Bath Savings Trust Co boosted its holdings in Dollar General by 55.1% in the second quarter. Bath Savings Trust Co now owns 2,830 shares of the company’s stock worth $382,000 after purchasing an additional 1,005 shares during the last quarter. FMR LLC boosted its stake in shares of Dollar General by 21.3% during the 1st quarter. FMR LLC now owns 8,825,495 shares of the company’s stock worth $1,052,882,000 after acquiring an additional 1,550,529 shares during the last quarter. Merit Financial Group LLC purchased a new position in shares of Dollar General during the 1st quarter worth $410,000. Dixon Hubard Feinour & Brown Inc. VA purchased a new position in shares of Dollar General during the 1st quarter worth $7,801,000. Finally, Advisory Services Network LLC raised its position in shares of Dollar General by 107.3% during the 1st quarter. Advisory Services Network LLC now owns 3,909 shares of the company’s stock valued at $467,000 after purchasing an additional 2,023 shares during the period. 95.09% of the stock is owned by institutional investors.
NYSE DG traded down $0.82 on Tuesday, reaching $137.22. The company had a trading volume of 2,348,486 shares, compared to its average volume of 1,970,438. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.16 and a quick ratio of 0.12. The stock has a market cap of $35.11 billion, a PE ratio of 22.98, a PEG ratio of 2.00 and a beta of 0.68. The stock’s 50 day moving average is $137.50. Dollar General Corp. has a 12 month low of $96.37 and a 12 month high of $145.06.
Dollar General (NYSE:DG) last posted its earnings results on Thursday, May 30th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. Dollar General had a net margin of 6.16% and a return on equity of 25.03%. The firm had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.57 billion. During the same period in the previous year, the firm posted $1.36 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. Equities research analysts expect that Dollar General Corp. will post 6.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, July 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.93%. Dollar General’s dividend payout ratio is presently 21.44%.
Several brokerages have recently commented on DG. Oppenheimer raised their price objective on shares of Okta from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Buckingham Research restated a “positive” rating and set a $152.00 price objective (up from $125.00) on shares of Dollar General in a research report on Friday, May 31st. Morgan Stanley began coverage on shares of in a research report on Monday, June 17th. They set an “equal weight” rating and a GBX 215 ($2.81) price objective on the stock. JPMorgan Chase & Co. downgraded shares of First Quantum Minerals from an “overweight” rating to a “neutral” rating in a research report on Friday, April 5th. Finally, UBS Group raised their price objective on shares of Zscaler from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. Dollar General currently has an average rating of “Buy” and an average price target of $133.33.
Dollar General 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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