Pullen Investment Management LLC Makes New Investment in Dollar General Corporation $DG

Pullen Investment Management LLC bought a new position in shares of Dollar General Corporation (NYSE:DG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,061 shares of the company’s stock, valued at approximately $236,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. increased its holdings in shares of Dollar General by 5,440.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company’s stock worth $139,155,000 after acquiring an additional 1,554,004 shares during the period. Royal Bank of Canada increased its holdings in shares of Dollar General by 251.6% in the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock worth $178,983,000 after acquiring an additional 1,456,549 shares during the period. Vanguard Group Inc. increased its holdings in shares of Dollar General by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock worth $2,324,271,000 after acquiring an additional 1,201,917 shares during the period. Pzena Investment Management LLC increased its holdings in shares of Dollar General by 8.5% in the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company’s stock worth $1,122,914,000 after acquiring an additional 1,003,206 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Dollar General in the 1st quarter worth about $41,798,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

NYSE:DG opened at $101.92 on Friday. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average of $105.49 and a 200-day moving average of $104.70. The firm has a market cap of $22.43 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 2.15 and a beta of 0.30.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share 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 analyst estimates of $10.68 billion. During the same quarter last year, the firm posted $1.70 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently weighed in on DG shares. Evercore ISI dropped their price objective on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a report on Tuesday, October 7th. Gordon Haskett dropped their price objective on shares of Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. Loop Capital increased their price objective on shares of Dollar General from $110.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday, July 10th. Morgan Stanley raised their target price on shares of Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Finally, Raymond James Financial raised their target price on shares of Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus price target of $115.40.

Dollar General Profile

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.