Dollar General Corporation $DG is ACR Alpine Capital Research LLC’s 3rd Largest Position

ACR Alpine Capital Research LLC reduced its position in Dollar General Corporation (NYSE:DG) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,177,842 shares of the company’s stock after selling 19,595 shares during the quarter. Dollar General comprises approximately 8.6% of ACR Alpine Capital Research LLC’s portfolio, making the stock its 3rd biggest position. ACR Alpine Capital Research LLC owned approximately 1.90% of Dollar General worth $477,862,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DG. Mountain Hill Investment Partners Corp. boosted its stake in Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock worth $44,000 after purchasing an additional 200 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of Dollar General by 170.1% in the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock valued at $48,000 after buying an additional 342 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Dollar General by 384.3% during the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock worth $54,000 after buying an additional 488 shares during the period. Harbor Investment Advisory LLC grew its holdings in shares of Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after buying an additional 128 shares during the last quarter. Finally, Bogart Wealth LLC increased its position in 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 period. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

NYSE:DG opened at $102.90 on Tuesday. The firm’s fifty day simple moving average is $105.30 and its 200-day simple moving average is $104.95. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The stock has a market cap of $22.65 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 2.15 and a beta of 0.30. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95.

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

Dollar General Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley lifted their target price on Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dollar General in a research report on Tuesday, October 14th. 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 research note on Tuesday, October 7th. Sanford C. Bernstein raised their target price on shares of Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Wells Fargo & Company lifted their target price on shares of Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a report 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $115.64.

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.