Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Dollar General Corp. (NYSE:DG) in the second quarter, Holdings Channel reports. The firm acquired 8,424 shares of the company’s stock, valued at approximately $1,144,000.
A number of other large investors also recently made changes to their positions in DG. Clean Yield Group purchased a new position in shares of Dollar General in the second quarter worth $26,000. Squar Milner Financial Services LLC grew its holdings in shares of Dollar General by 73.0% in the second quarter. Squar Milner Financial Services LLC now owns 192 shares of the company’s stock worth $26,000 after acquiring an additional 81 shares during the period. JNBA Financial Advisors grew its holdings in shares of Dollar General by 106.4% in the second quarter. JNBA Financial Advisors now owns 194 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the period. Arcadia Investment Management Corp MI bought a new stake in shares of Dollar General in the second quarter worth $27,000. Finally, Ellis Investment Partners LLC bought a new stake in shares of Dollar General in the first quarter worth $30,000. Institutional investors and hedge funds own 95.32% of the company’s stock.
Several analysts recently commented on DG shares. UBS Group lifted their price objective on Dollar General from $126.00 to $143.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Wells Fargo & Co lowered Dollar General from an “outperform” rating to a “market perform” rating and set a $140.00 price objective for the company. in a report on Thursday, July 25th. Loop Capital raised Dollar General from a “hold” rating to a “buy” rating and boosted their price target for the company from $105.00 to $152.00 in a report on Tuesday, April 30th. KeyCorp reissued an “overweight” rating and set a $140.00 price target (up previously from $125.00) on shares of Dollar General in a report on Friday, May 31st. Finally, Oppenheimer boosted their price target on Dollar General from $135.00 to $150.00 and gave the company a “top pick” rating in a report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $134.68.
Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.09. Dollar General had a return on equity of 25.03% and a net margin of 6.16%. The business 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 business earned $1.36 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. As a group, research analysts anticipate that Dollar General Corp. will post 6.47 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th were given a $0.32 dividend. The ex-dividend date was Monday, July 8th. This represents a $1.28 annualized dividend and a dividend yield of 0.94%. Dollar General’s payout ratio is 21.44%.
About Dollar General
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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