DekaBank Deutsche Girozentrale Has $13.70 Million Holdings in Dollar General Corp. (DG)

DekaBank Deutsche Girozentrale raised its stake in shares of Dollar General Corp. (NYSE:DG) by 6.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 128,337 shares of the company’s stock after buying an additional 7,761 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Dollar General were worth $13,700,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DG. SRS Capital Advisors Inc. acquired a new stake in shares of Dollar General during the third quarter worth $107,000. HighPoint Advisor Group LLC acquired a new stake in shares of Dollar General during the third quarter worth $173,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Dollar General by 50.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,784 shares of the company’s stock worth $176,000 after purchasing an additional 596 shares during the last quarter. Financial Counselors Inc. acquired a new stake in shares of Dollar General during the third quarter worth $201,000. Finally, Synovus Financial Corp boosted its holdings in shares of Dollar General by 73.2% during the third quarter. Synovus Financial Corp now owns 1,826 shares of the company’s stock worth $201,000 after purchasing an additional 772 shares during the last quarter. Hedge funds and other institutional investors own 95.91% of the company’s stock.

NYSE:DG opened at $105.86 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.21 and a current ratio of 1.55. Dollar General Corp. has a 12 month low of $85.54 and a 12 month high of $118.45. The stock has a market capitalization of $28.11 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 1.27 and a beta of 0.82.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 30th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.49 by $0.03. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period last year, the company posted $1.10 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts anticipate that Dollar General Corp. will post 6.1 EPS for the current fiscal year.

In other Dollar General news, EVP Robert D. Ravener sold 22,440 shares of the firm’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $111.49, for a total value of $2,501,835.60. Following the transaction, the executive vice president now directly owns 50,747 shares of the company’s stock, valued at $5,657,783.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.41% of the company’s stock.

DG has been the topic of several analyst reports. Deutsche Bank raised their price objective on Dollar General from $123.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 31st. Zacks Investment Research cut Dollar General from a “buy” rating to a “hold” rating in a report on Friday, October 5th. MKM Partners raised their price objective on Dollar General to $117.00 and gave the stock a “buy” rating in a report on Tuesday, August 28th. UBS Group restated a “buy” rating and set a $120.00 price objective (up previously from $110.00) on shares of Dollar General in a report on Monday, October 15th. Finally, Loop Capital lifted their target price on Dollar General from $97.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $107.26.

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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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