Mitsubishi UFJ Asset Management Co. Ltd. Raises Position in Dollar General Corporation $DG

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Dollar General Corporation (NYSE:DG) by 7.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 428,848 shares of the company’s stock after purchasing an additional 29,788 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Dollar General were worth $49,052,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DG. Atlantic Union Bankshares Corp acquired a new stake in Dollar General in the 2nd quarter worth about $26,000. Mountain Hill Investment Partners Corp. lifted its holdings in shares of 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 acquiring an additional 200 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Dollar General by 46.8% in the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock worth $50,000 after acquiring an additional 140 shares during the last quarter. Larson Financial Group LLC grew its holdings in Dollar General by 384.3% in the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after purchasing an additional 488 shares during the period. Finally, Harbor Investment Advisory LLC increased its position in 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 purchasing an additional 128 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DG has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dollar General in a report on Wednesday, November 5th. Wells Fargo & Company lifted their target price on Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Gordon Haskett lowered their price target on Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. Sanford C. Bernstein raised their price objective on Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Piper Sandler boosted their target price on Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. One equities research 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $115.64.

Dollar General Trading Up 1.3%

Shares of DG opened at $100.52 on Tuesday. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The stock’s 50-day moving average is $102.89 and its two-hundred day moving average is $105.56. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The stock has a market cap of $22.13 billion, a PE ratio of 18.61, a P/E/G ratio of 2.10 and a beta of 0.30.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. The business had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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

Dollar General Company 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.