Dollar General Corporation $DG Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in shares of Dollar General Corporation (NYSE:DG) by 95.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 352,330 shares of the company’s stock after buying an additional 171,778 shares during the period. Los Angeles Capital Management LLC’s holdings in Dollar General were worth $40,300,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of DG. D.A. Davidson & CO. grew its stake in shares of Dollar General by 83.7% during the 1st quarter. D.A. Davidson & CO. now owns 6,428 shares of the company’s stock worth $565,000 after purchasing an additional 2,928 shares during the period. Envestnet Asset Management Inc. raised its position in Dollar General by 18.8% during the first quarter. Envestnet Asset Management Inc. now owns 898,052 shares of the company’s stock worth $78,966,000 after acquiring an additional 142,337 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Dollar General by 7.9% in the first quarter. M&T Bank Corp now owns 20,286 shares of the company’s stock valued at $1,783,000 after purchasing an additional 1,479 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Dollar General by 1.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 143,834 shares of the company’s stock valued at $12,290,000 after purchasing an additional 1,528 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Dollar General by 17.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 25,894 shares of the company’s stock worth $2,277,000 after purchasing an additional 3,897 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Performance

Shares of DG stock opened at $99.27 on Friday. The company’s fifty day simple moving average is $103.05 and its 200-day simple moving average is $105.38. 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 52 week low of $66.43 and a 52 week high of $117.95. The company has a market cap of $21.85 billion, a PE ratio of 18.38, a P/E/G ratio of 2.10 and a beta of 0.30.

Dollar General (NYSE:DG) last announced its quarterly earnings results 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 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 the consensus estimate of $10.68 billion. During the same period in the prior year, the firm earned $1.70 EPS. The firm’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. As a group, equities research analysts anticipate 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 paid a $0.59 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.4%. Dollar General’s dividend payout ratio is 43.70%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Guggenheim reissued a “buy” rating and issued a $125.00 price target on shares of Dollar General in a report on Friday, August 29th. 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. Sanford C. Bernstein increased their price target on Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. JPMorgan Chase & Co. raised their price objective on Dollar General from $109.00 to $115.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Finally, Truist Financial upped their target price on Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, August 29th. One 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 company. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus price target 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.