Summit Global Investments Grows Position in Dollar General Corp. (NYSE:DG)

Summit Global Investments increased its position in Dollar General Corp. (NYSE:DG) by 15.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,077 shares of the company’s stock after purchasing an additional 5,037 shares during the quarter. Summit Global Investments’ holdings in Dollar General were worth $5,146,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. lifted its holdings in Dollar General by 37.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 371 shares of the company’s stock valued at $44,000 after purchasing an additional 102 shares during the last quarter. Buckingham Capital Management Inc. lifted its holdings in Dollar General by 12.0% during the 1st quarter. Buckingham Capital Management Inc. now owns 47,146 shares of the company’s stock valued at $5,625,000 after purchasing an additional 5,065 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Dollar General by 17.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,559 shares of the company’s stock valued at $2,572,000 after purchasing an additional 3,233 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in Dollar General during the 1st quarter valued at $39,000. Finally, Martingale Asset Management L P acquired a new stake in Dollar General during the 1st quarter valued at $849,000. Institutional investors own 92.76% of the company’s stock.

Shares of NYSE DG traded up $0.34 during mid-day trading on Wednesday, reaching $159.15. The company had a trading volume of 1,466,445 shares, compared to its average volume of 1,940,988. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.12 and a current ratio of 1.14. Dollar General Corp. has a one year low of $98.08 and a one year high of $162.34. The firm has a market cap of $40.95 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 2.32 and a beta of 0.55. The business’s 50-day simple moving average is $147.46 and its 200 day simple moving average is $132.80.



Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.74 EPS for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.16. Dollar General had a return on equity of 25.34% and a net margin of 6.11%. The company had revenue of $6.98 billion for the quarter, compared to analysts’ expectations of $6.89 billion. During the same quarter last year, the business earned $1.52 earnings per share. Dollar General’s revenue was up 8.4% on a year-over-year basis. On average, sell-side analysts anticipate that Dollar General Corp. will post 6.6 EPS for the current year.

The firm also recently announced a — dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be given a $0.32 dividend. This represents a yield of 0.8%. The ex-dividend date is Monday, October 7th. Dollar General’s dividend payout ratio is presently 21.44%.

Several research analysts have weighed in on the company. Wells Fargo & Co cut Dollar General from an “outperform” rating to a “market perform” rating and set a $140.00 price objective on the stock. in a research report on Thursday, July 25th. Raymond James set a $180.00 price objective on Dollar General and gave the stock a “buy” rating in a research report on Friday, August 30th. Sanford C. Bernstein upgraded Dollar General from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 11th. Piper Jaffray Companies increased their price objective on Dollar General from $137.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, Morgan Stanley increased their price objective on Dollar General from $142.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $160.64.

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

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