Renaissance Group LLC Lowers Stake in Dollar General Corporation (DG)

Renaissance Group LLC decreased its stake in Dollar General Corporation (NYSE:DG) by 0.7% during the fourth quarter, Holdings Channel reports. The firm owned 359,026 shares of the company’s stock after selling 2,457 shares during the period. Renaissance Group LLC owned 0.13% of Dollar General Corporation worth $26,593,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Financial Architects Inc boosted its stake in Dollar General Corporation by 390.7% in the third quarter. Financial Architects Inc now owns 1,526 shares of the company’s stock valued at $107,000 after buying an additional 1,215 shares during the period. FTB Advisors Inc. boosted its stake in shares of Dollar General Corporation by 14.9% in the third quarter. FTB Advisors Inc. now owns 1,595 shares of the company’s stock valued at $109,000 after buying an additional 207 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of Dollar General Corporation by 114.2% in the third quarter. Global X Management Co. LLC now owns 1,686 shares of the company’s stock valued at $118,000 after buying an additional 899 shares during the last quarter. Alpha Windward LLC boosted its stake in shares of Dollar General Corporation by 1.5% in the third quarter. Alpha Windward LLC now owns 2,273 shares of the company’s stock valued at $159,000 after buying an additional 33 shares during the last quarter. Finally, FineMark National Bank & Trust boosted its stake in shares of Dollar General Corporation by 2,133.3% in the third quarter. FineMark National Bank & Trust now owns 2,345 shares of the company’s stock valued at $164,000 after buying an additional 2,240 shares during the last quarter. Institutional investors own 81.93% of the company’s stock.

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

Dollar General Corporation (NYSE:DG) traded down 0.47% on Wednesday, hitting $76.78. The stock had a trading volume of 556,926 shares. The firm has a 50-day moving average of $73.57 and a 200 day moving average of $75.52. Dollar General Corporation has a 52 week low of $66.50 and a 52 week high of $96.88. The company has a market capitalization of $21.21 billion, a price-to-earnings ratio of 18.01 and a beta of 0.84.

Dollar General Corporation (NYSE:DG) last posted its quarterly earnings results on Thursday, December 1st. The company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by $0.04. Dollar General Corporation had a return on equity of 22.79% and a net margin of 5.70%. The business earned $5.32 billion during the quarter, compared to analysts’ expectations of $5.37 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts predict that Dollar General Corporation will post $4.39 earnings per share for the current year.

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DG has been the topic of several recent analyst reports. Zacks Investment Research raised Dollar General Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, January 31st. Vetr lowered Dollar General Corporation from a “buy” rating to a “hold” rating and set a $80.38 price target on the stock. in a research note on Tuesday, November 22nd. Guggenheim reissued a “buy” rating and issued a $90.00 price target on shares of Dollar General Corporation in a research note on Tuesday, November 29th. Bank of America Corporation lowered Dollar General Corporation from a “buy” rating to a “neutral” rating and set a $81.00 price target on the stock. in a research note on Friday, January 13th. Finally, Telsey Advisory Group dropped their price target on Dollar General Corporation from $84.00 to $78.00 and set a “market perform” rating on the stock in a research note on Friday, December 2nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $87.19.

In related news, EVP Robert D. Ravener sold 6,376 shares of the company’s stock in a transaction on Friday, December 16th. The stock was sold at an average price of $77.32, for a total transaction of $492,992.32. Following the completion of the sale, the executive vice president now owns 18,174 shares in the company, valued at $1,405,213.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

Dollar General Corporation Company Profile

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

5 Day Chart for NYSE:DG

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