Jefferies Group LLC Increases Stake in Dollar General Corp. (DG)

Share on StockTwits

Jefferies Group LLC lifted its holdings in shares of Dollar General Corp. (NYSE:DG) by 244.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,741 shares of the company’s stock after acquiring an additional 34,589 shares during the period. Jefferies Group LLC’s holdings in Dollar General were worth $5,327,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. 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. Financial Counselors Inc. acquired a new stake in shares of Dollar General during the third quarter worth $201,000. Synovus Financial Corp lifted 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 period. Finally, Gratus Capital LLC acquired a new stake in shares of Dollar General during the third quarter worth $202,000. Institutional investors and hedge funds own 94.23% of the company’s stock.

Dollar General stock opened at $102.70 on Friday. Dollar General Corp. has a one year low of $85.54 and a one year high of $118.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.21. The firm has a market capitalization of $28.04 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 1.25 and a beta of 0.84.

Dollar General (NYSE:DG) last released its earnings results on Tuesday, December 4th. The company reported $1.26 EPS for the quarter, meeting analysts’ consensus estimates of $1.26. Dollar General had a return on equity of 24.03% and a net margin of 7.24%. The company had revenue of $6.42 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter last year, the company earned $0.93 earnings per share. Dollar General’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, analysts predict that Dollar General Corp. will post 6 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 8th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Monday, January 7th. Dollar General’s dividend payout ratio (DPR) is currently 25.84%.

Several equities research analysts recently weighed in on the company. Morgan Stanley increased their price target on Dollar General from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Friday, August 31st. Credit Suisse Group set a $99.00 price target on Dollar General and gave the stock a “hold” rating in a report on Monday, August 27th. Guggenheim reaffirmed a “buy” rating and set a $115.00 price target on shares of Dollar General in a report on Monday, August 20th. Wells Fargo & Co increased their price target on Dollar General from $113.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, August 29th. Finally, ValuEngine raised Dollar General from a “hold” rating to a “buy” rating in a report on Saturday, August 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Dollar General currently has a consensus rating of “Buy” and an average target price of $107.26.

WARNING: This piece was reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/4001158/jefferies-group-llc-increases-stake-in-dollar-general-corp-dg.html.

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.

See Also: What is Liquidity?

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

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Jefferies Group LLC Buys 35,291 Shares of Waters Co.
Jefferies Group LLC Buys 35,291 Shares of Waters Co.
People’s United Financial, Inc.  Shares Bought by Jefferies Group LLC
People’s United Financial, Inc. Shares Bought by Jefferies Group LLC
Jefferies Group LLC Takes Position in Cintas Co.
Jefferies Group LLC Takes Position in Cintas Co.
Jefferies Group LLC Increases Stake in Dollar General Corp.
Jefferies Group LLC Increases Stake in Dollar General Corp.
Sprott Focus Trust  To Go Ex-Dividend on December 13th
Sprott Focus Trust To Go Ex-Dividend on December 13th
Hub Group  Lifted to Buy at Zacks Investment Research
Hub Group Lifted to Buy at Zacks Investment Research


Leave a Reply

© 2006-2018 Ticker Report