QV Investors Inc. Has $19.44 Million Position in Dollar General Corporation $DG

QV Investors Inc. raised its stake in shares of Dollar General Corporation (NYSE:DG) by 19.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 169,960 shares of the company’s stock after buying an additional 27,200 shares during the quarter. Dollar General comprises 1.9% of QV Investors Inc.’s portfolio, making the stock its 15th biggest position. QV Investors Inc. owned 0.08% of Dollar General worth $19,440,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. grew its position 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 valued at $139,155,000 after purchasing an additional 1,554,004 shares during the period. Royal Bank of Canada grew its position 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 valued at $178,983,000 after purchasing an additional 1,456,549 shares during the period. Vanguard Group Inc. grew its position 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 valued at $2,324,271,000 after purchasing an additional 1,201,917 shares during the period. Pzena Investment Management LLC grew its position 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 valued at $1,122,914,000 after purchasing an additional 1,003,206 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Dollar General in the 1st quarter valued at approximately $41,798,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DG shares. Sanford C. Bernstein boosted their price objective on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Barclays boosted their price objective on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Telsey Advisory Group set a $123.00 price target on shares of Dollar General in a research note on Friday, August 29th. Wolfe Research began coverage on shares of Dollar General in a research note on Thursday, September 18th. They set an “outperform” rating and a $139.00 price target for the company. Finally, Morgan Stanley raised their price target on shares of Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and an average target price of $115.40.

Dollar General Trading Down 1.0%

NYSE DG opened at $101.92 on Friday. The company has a market cap of $22.43 billion, a PE ratio of 18.87, a PEG ratio of 2.15 and a beta of 0.30. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The stock has a 50 day moving average of $105.49 and a 200-day moving average of $104.70.

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

Dollar General Dividend Announcement

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

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.