Dollar General Corporation $DG is Pzena Investment Management LLC’s 2nd Largest Position

Pzena Investment Management LLC trimmed its holdings in shares of Dollar General Corporation (NYSE:DG) by 7.2% in the second quarter, HoldingsChannel reports. The firm owned 11,848,938 shares of the company’s stock after selling 921,604 shares during the period. Dollar General makes up about 4.4% of Pzena Investment Management LLC’s portfolio, making the stock its 2nd biggest holding. Pzena Investment Management LLC owned approximately 0.05% of Dollar General worth $1,355,282,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Dollar General by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock worth $2,324,271,000 after purchasing an additional 1,201,917 shares in the last quarter. ACR Alpine Capital Research LLC grew its stake in Dollar General by 3.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company’s stock worth $369,081,000 after acquiring an additional 155,966 shares during the period. Invesco Ltd. grew its stake in Dollar General by 2.6% in the 1st quarter. Invesco Ltd. now owns 3,469,568 shares of the company’s stock worth $305,079,000 after acquiring an additional 89,067 shares during the period. Baupost Group LLC MA grew its stake in Dollar General by 2.1% in the 1st quarter. Baupost Group LLC MA now owns 2,104,876 shares of the company’s stock worth $185,082,000 after acquiring an additional 44,076 shares during the period. Finally, Northern Trust Corp grew its stake in Dollar General by 2.6% in the 1st quarter. Northern Trust Corp now owns 2,076,851 shares of the company’s stock worth $182,618,000 after acquiring an additional 52,961 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Up 0.7%

Shares of NYSE DG opened at $99.38 on Monday. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $117.95. The firm has a fifty day moving average of $107.44 and a 200-day moving average of $103.79. The stock has a market capitalization of $21.88 billion, a PE ratio of 18.40, a P/E/G ratio of 2.09 and a beta of 0.30. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same period in the previous year, the company earned $1.70 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.4%. Dollar General’s payout ratio is presently 43.70%.

Analysts Set New Price Targets

DG has been the subject of several recent analyst reports. Barclays lifted their target price on shares of Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Loop Capital lifted their target price on shares of Dollar General from $110.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, July 10th. Gordon Haskett lowered their target price on shares of Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. Telsey Advisory Group set a $123.00 target price on shares of Dollar General in a research note on Friday, August 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dollar General in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $115.40.

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.