(NYSE:DG) by 73.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,776 shares of the company's stock after buying an additional 971 shares during the period.
A number of other institutional investors have also added to or reduced their stakes in DG. Parsec Financial Management Inc. boosted its stake in Dollar General by 11.9% in the 3rd quarter. Polen Capital Management LLC now owns 3,903,635 shares of the company's stock valued at $289,142,000 after buying an additional 2,129,904 shares in the last quarter. Sigma Planning Corp acquired a new stake in Dollar General in the 2nd quarter worth about $202,000.
Of the planned remodels, about 400 will be outfitted in the Dollar General traditional plus format. 25,297 are owned by Advantus Capital Management Inc. Bank of New York Mellon Corp now owns 8,215,436 shares of the company's stock valued at $572,863,000 after buying an additional 1,398,043 shares in the last quarter. Finally, Emerald Advisers Inc. Kdi Capital Partners Llc sold 74,783 shares as Dollar General Corp (DG)'s stock declined 7.36%. The shares were sold at an average price of $77.00, for a total value of $866,789.00. Following the completion of the transaction, the executive vice president now owns 22,598 shares in the company, valued at approximately $1,740,046.
"The company [is] the closest and most convenient general merchant for millions", GlobalData Retail analyst Neil Saunders told CNNMoney. Additional openings and remodeling projects will see Dollar General end the current fiscal year on February 2, 2018 having opened a total of 1,285 stores in addition to remodeling or relocating 760 stores. National Bank & Trust Of Mellon reported 7.82M shares. BMO Capital Markets set a $85.00 price objective on Dollar General and gave the stock a "hold" rating in a report on Tuesday, August 22nd. Raymond James Financial reiterated a "buy" rating on shares of Dollar General in a research note on Sunday. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company. At the time of writing, the First Call consensus price target for the company is $84.61. Tetrem Mgmt Ltd has invested 1.82% in Dollar General Corporation (NYSE:DG). (NYSE DG) traded up $0.48 during mid-day trading on Thursday, reaching $90.85. Finally, its 100-day average volume is 2,627,203 shares with 100% of long-term indicators pointing to Buy. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 0.18. Dollar General Corp. has a one year low of $65.97 and a one year high of $92.11. For the past month, Dollar General Corporation's stock has been 12.61%, 18.93% for the last quarter, 23.29% for the past six months and 20.03% for the past 52 weeks. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.01).
Net sales increased 11% to $5.9 billion during its third quarter. Presently, it has a Return on Equity (ROE) of 22.30% and Return on Investment (ROI) of 15.70%.
More notable recent Dollar General Corporation (NYSE:DG) news were published by: Nasdaq.com which released: "Dollar General (DG) Earnings & Sales Beat Estimates in Q3" on December 07, 2017, also Nasdaq.com with their article: "Earnings Reaction History: Dollar General Corporation, 72.7% Follow-Through ..." published on December 07, 2017, Nasdaq.com published: "Mid-Morning Market Update: Markets Rise; Dollar General Beats Q3 Expectations" on December 07, 2017.
To quote Dollar General CEO Todd Vasos, "We are pleased with our overall third quarter results, which include a strong same-store sales growth of 4.3% and increases in both average transaction amount and customer traffic over the 2016 third quarter".
As with most large market cap stocks, it has a good dividend yield of 1.14%.
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