Dorsey & Whitney Trust CO LLC Purchases Shares of 2,335 Dollar General Corporation $DG

Dorsey & Whitney Trust CO LLC purchased a new position in shares of Dollar General Corporation (NYSE:DG) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,335 shares of the company’s stock, valued at approximately $267,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its position in Dollar General by 5.8% during the second quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock valued at $229,000 after purchasing an additional 110 shares during the last quarter. Tectonic Advisors LLC increased its position in shares of Dollar General by 1.9% during the 2nd quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock worth $691,000 after purchasing an additional 113 shares during the last quarter. Ancora Advisors LLC raised its stake in shares of Dollar General by 1.7% during the 1st quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock worth $638,000 after purchasing an additional 122 shares in the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of Dollar General by 35.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after buying an additional 128 shares during the last quarter. Finally, Achmea Investment Management B.V. increased its holdings in Dollar General by 0.7% during the second quarter. Achmea Investment Management B.V. now owns 19,134 shares of the company’s stock worth $2,188,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Trading Down 3.5%

Shares of DG stock opened at $99.67 on Thursday. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95. The company has a market capitalization of $21.94 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30. The firm has a 50 day moving average price of $102.20 and a two-hundred day moving average price of $106.01. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG) last posted its earnings results 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 for 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, analysts predict that Dollar General Corporation will post 5.75 earnings per share 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 issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.4%. Dollar General’s dividend payout ratio (DPR) is currently 43.70%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dollar General in a research note on Monday. Truist Financial raised their target price on shares of Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, August 29th. The Goldman Sachs Group cut Dollar General from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. Piper Sandler upped their price objective on Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Finally, Wells Fargo & Company lifted their target price on Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $118.14.

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.