DekaBank Deutsche Girozentrale Sells 1,528 Shares of Dollar General Corporation $DG

DekaBank Deutsche Girozentrale lessened its stake in Dollar General Corporation (NYSE:DG) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,306 shares of the company’s stock after selling 1,528 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Dollar General were worth $16,229,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. lifted its stake in shares of Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock valued at $44,000 after acquiring an additional 200 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock valued at $48,000 after acquiring an additional 342 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Dollar General by 384.3% in the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after acquiring an additional 488 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of Dollar General by 35.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after acquiring an additional 128 shares during the last quarter. Finally, Bogart Wealth LLC lifted its stake in shares of Dollar General by 37.6% in the 1st quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock valued at $59,000 after acquiring an additional 184 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DG. Barclays boosted their target price on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Gordon Haskett lowered their target price on Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. Piper Sandler upped their price target on Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Telsey Advisory Group set a $123.00 price target on Dollar General in a research report on Friday, August 29th. Finally, Truist Financial upped their price target on Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and a consensus target price of $115.40.

Dollar General Trading Down 1.9%

DG opened at $103.49 on Thursday. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95. The firm has a market capitalization of $22.78 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 2.22 and a beta of 0.30. The business has a 50 day simple moving average of $105.93 and a two-hundred day simple moving average of $104.41. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The firm had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the prior year, the company earned $1.70 EPS. The business’s 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. Analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, October 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. Dollar General’s dividend payout ratio is currently 43.70%.

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.