Dollar General Corp. (NYSE:DG) Shares Sold by Northwest Bancshares Inc.

Northwest Bancshares Inc. reduced its position in shares of Dollar General Corp. (NYSE:DG) by 8.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 19,815 shares of the company’s stock after selling 1,745 shares during the quarter. Dollar General makes up about 1.3% of Northwest Bancshares Inc.’s investment portfolio, making the stock its 24th biggest position. Northwest Bancshares Inc.’s holdings in Dollar General were worth $3,150,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Buckingham Capital Management Inc. lifted its stake in shares of Dollar General by 12.0% in 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 period. MML Investors Services LLC raised its position in Dollar General by 10.9% during the first quarter. MML Investors Services LLC now owns 13,889 shares of the company’s stock worth $1,657,000 after acquiring an additional 1,364 shares during the period. Rockefeller Capital Management L.P. raised its position in Dollar General by 291.4% during the first quarter. Rockefeller Capital Management L.P. now owns 1,859 shares of the company’s stock worth $222,000 after acquiring an additional 1,384 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in Dollar General by 64.1% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 164,550 shares of the company’s stock worth $19,630,000 after acquiring an additional 64,275 shares during the period. Finally, Andra AP fonden acquired a new position in Dollar General during the first quarter worth $5,762,000. 92.76% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on DG shares. Raymond James set a $180.00 price objective on shares of Dollar General and gave the stock a “buy” rating in a research report on Friday, August 30th. Buckingham Research upped their price objective on shares of Dollar General from $152.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. UBS Group set a $175.00 price objective on shares of Dollar General and gave the stock a “buy” rating in a research report on Friday, August 30th. KeyCorp set a $180.00 price objective on shares of Dollar General and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Guggenheim set a $165.00 price objective on shares of Dollar General and gave the stock a “buy” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the stock. Dollar General has a consensus rating of “Buy” and an average target price of $162.27.

Shares of Dollar General stock traded up $1.14 during trading hours on Wednesday, reaching $160.98. 49,977 shares of the company’s stock were exchanged, compared to its average volume of 1,927,211. Dollar General Corp. has a 1 year low of $98.08 and a 1 year high of $162.34. The company has a market capitalization of $41.38 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 2.53 and a beta of 0.54. The business has a fifty day moving average of $154.34 and a two-hundred day moving average of $135.78. 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 (NYSE:DG) last released its earnings results on Thursday, August 29th. The company reported $1.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.16. Dollar General had a net margin of 6.11% and a return on equity of 25.34%. The business had revenue of $6.98 billion during the quarter, compared to analyst estimates of $6.89 billion. During the same quarter in the prior year, the firm earned $1.52 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, research analysts predict that Dollar General Corp. will post 6.61 EPS for the current year.

The firm also recently announced a — dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be issued a dividend of $0.32 per share. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, October 7th. 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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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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