Toronto Dominion Bank Sells 49,694 Shares of Dollar General Corp. (NYSE:DG)

Toronto Dominion Bank cut its position in shares of Dollar General Corp. (NYSE:DG) by 24.6% in the second quarter, Holdings Channel reports. The institutional investor owned 152,557 shares of the company’s stock after selling 49,694 shares during the period. Toronto Dominion Bank’s holdings in Dollar General were worth $20,614,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. FMR LLC grew its stake in Dollar General by 21.3% in the first quarter. FMR LLC now owns 8,825,495 shares of the company’s stock valued at $1,052,882,000 after purchasing an additional 1,550,529 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Dollar General by 816.1% in the second quarter. Nuveen Asset Management LLC now owns 1,482,726 shares of the company’s stock valued at $200,405,000 after purchasing an additional 1,320,876 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in Dollar General by 19,589.1% in the second quarter. Thoroughbred Financial Services LLC now owns 1,085,064 shares of the company’s stock valued at $108,506,000 after purchasing an additional 1,079,553 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Dollar General by 3.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 25,655,326 shares of the company’s stock valued at $3,467,574,000 after purchasing an additional 957,133 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Dollar General by 8,563.7% in the second quarter. Renaissance Technologies LLC now owns 788,400 shares of the company’s stock valued at $106,560,000 after purchasing an additional 779,300 shares in the last quarter. Institutional investors and hedge funds own 92.76% of the company’s stock.

Several brokerages have recently commented on DG. Piper Jaffray Companies lifted their target price on Dollar General from $137.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. ValuEngine downgraded Dollar General from a “buy” rating to a “hold” rating in a research note on Wednesday. Buckingham Research lifted their target price on Dollar General from $152.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Goldman Sachs Group upgraded Dollar General from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $142.00 to $152.00 in a research note on Thursday, August 8th. Finally, Loop Capital reiterated a “buy” rating and set a $175.00 target price (up from $156.00) on shares of Dollar General in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. Dollar General has a consensus rating of “Buy” and a consensus price target of $162.27.

Shares of NYSE DG traded up $3.14 during midday trading on Friday, hitting $160.55. 33,278 shares of the company’s stock were exchanged, compared to its average volume of 1,770,793. The firm has a market capitalization of $40.88 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 2.50 and a beta of 0.54. The company’s 50 day moving average price is $151.77 and its 200 day moving average price is $134.65. The company has a quick ratio of 0.12, a current ratio of 1.14 and a debt-to-equity ratio of 1.49. Dollar General Corp. has a 12 month low of $98.08 and a 12 month high of $162.34.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.16. The business had revenue of $6.98 billion during the quarter, compared to analysts’ expectations of $6.89 billion. Dollar General had a return on equity of 25.34% and a net margin of 6.11%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $1.52 EPS. On average, equities research analysts anticipate that Dollar General Corp. will post 6.61 EPS for the current year.

The company also recently declared a — dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be issued a dividend of $0.32 per share. The ex-dividend date is Monday, October 7th. This represents a yield of 0.8%. Dollar General’s payout ratio is currently 21.44%.

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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