V Square Quantitative Management LLC Buys 175 Shares of Dollar General Co. (NYSE:DG)

V Square Quantitative Management LLC grew its stake in shares of Dollar General Co. (NYSE:DG) by 7.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,547 shares of the company’s stock after buying an additional 175 shares during the quarter. V Square Quantitative Management LLC’s holdings in Dollar General were worth $337,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DG. International Assets Investment Management LLC bought a new stake in Dollar General in the 4th quarter worth approximately $18,861,000. Cerity Partners LLC grew its position in Dollar General by 7.5% in the 4th quarter. Cerity Partners LLC now owns 16,982 shares of the company’s stock worth $2,308,000 after purchasing an additional 1,190 shares during the period. ORG Partners LLC grew its position in Dollar General by 13.2% in the 4th quarter. ORG Partners LLC now owns 754 shares of the company’s stock worth $103,000 after purchasing an additional 88 shares during the period. Louisiana State Employees Retirement System bought a new stake in Dollar General in the 4th quarter worth approximately $1,808,000. Finally, Conning Inc. bought a new stake in Dollar General in the 4th quarter worth approximately $209,000. 91.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DG. JPMorgan Chase & Co. cut their price objective on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. BMO Capital Markets dropped their target price on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a report on Friday, May 31st. Wells Fargo & Company dropped their target price on shares of Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a report on Tuesday, June 4th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $170.00 target price on shares of Dollar General in a report on Thursday, May 30th. Finally, Argus dropped their target price on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a report on Monday, July 15th. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $147.41.

Dollar General Trading Up 5.7 %

Dollar General stock traded up $6.59 during midday trading on Thursday, reaching $123.13. The stock had a trading volume of 112,983 shares, compared to its average volume of 2,405,411. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $168.07. The firm has a market cap of $27.08 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 2.36 and a beta of 0.43. The company has a fifty day moving average of $124.64 and a 200 day moving average of $137.58.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same period in the prior year, the company posted $2.34 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts anticipate that Dollar General Co. will post 7.21 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a yield of 1.92%. Dollar General’s dividend payout ratio is currently 34.35%.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.