Signaturefd LLC Buys 1,426 Shares of Dollar General Corporation $DG

Signaturefd LLC boosted its stake in shares of Dollar General Corporation (NYSE:DG) by 31.3% during the second quarter, Holdings Channel.com reports. The fund owned 5,977 shares of the company’s stock after acquiring an additional 1,426 shares during the period. Signaturefd LLC’s holdings in Dollar General were worth $684,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Dollar General by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock worth $2,324,271,000 after acquiring an additional 1,201,917 shares during the period. Pzena Investment Management LLC increased its stake in Dollar General by 8.5% during the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company’s stock worth $1,122,914,000 after acquiring an additional 1,003,206 shares during the period. ACR Alpine Capital Research LLC increased its stake in Dollar General by 3.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company’s stock worth $369,081,000 after acquiring an additional 155,966 shares during the period. Invesco Ltd. increased its stake in shares of Dollar General by 2.6% in the 1st quarter. Invesco Ltd. now owns 3,469,568 shares of the company’s stock valued at $305,079,000 after purchasing an additional 89,067 shares during the last quarter. Finally, Baupost Group LLC MA increased its stake in shares of Dollar General by 2.1% in the 1st quarter. Baupost Group LLC MA now owns 2,104,876 shares of the company’s stock valued at $185,082,000 after purchasing an additional 44,076 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

DG has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Dollar General in a research note on Tuesday, June 3rd. Oppenheimer upgraded Dollar General from a “market perform” rating to an “outperform” rating and set a $130.00 price target on the stock in a research note on Wednesday, June 4th. Gordon Haskett decreased their price target on Dollar General from $130.00 to $115.00 in a research note on Friday. Wolfe Research initiated coverage on Dollar General in a research note on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price target on the stock. Finally, Telsey Advisory Group set a $123.00 price target on Dollar General in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $115.48.

Dollar General Trading Up 0.7%

NYSE DG opened at $102.83 on Tuesday. 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 Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The company has a market cap of $22.63 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 2.15 and a beta of 0.29. The business’s fifty day moving average is $108.86 and its 200 day moving average is $102.76.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.56 by $0.30. The firm 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 business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, sell-side analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 annualized dividend and a yield of 2.3%. Dollar General’s payout ratio is presently 43.70%.

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.