KLP Kapitalforvaltning AS Raises Position in Dollar General Corporation $DG

KLP Kapitalforvaltning AS boosted its holdings in Dollar General Corporation (NYSE:DG) by 10.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,669 shares of the company’s stock after purchasing an additional 7,800 shares during the period. KLP Kapitalforvaltning AS’s holdings in Dollar General were worth $9,799,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. grew its stake in Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock valued at $44,000 after purchasing an additional 200 shares during the period. Golden State Wealth Management LLC grew its stake in Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock valued at $48,000 after purchasing an additional 342 shares during the period. CVA Family Office LLC grew its stake in Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company’s stock valued at $50,000 after purchasing an additional 161 shares during the period. Larson Financial Group LLC grew its stake in Dollar General by 384.3% in the 1st 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 grew its stake in 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 purchasing an additional 128 shares during the period. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 0.6%

NYSE DG opened at $98.72 on Friday. The stock’s 50-day simple moving average is $107.62 and its two-hundred day simple moving average is $103.43. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. 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 company has a market capitalization of $21.73 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 2.07 and a beta of 0.30.

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

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a yield of 2.4%. Dollar General’s dividend payout ratio (DPR) is presently 43.70%.

Analysts Set New Price Targets

A number of brokerages have issued reports on DG. Morgan Stanley upped their price objective 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 reissued a “hold (c-)” rating on shares of Dollar General in a report on Saturday, September 27th. Evercore ISI reduced their price objective on Dollar General from $114.00 to $112.00 and set an “in-line” rating for the company in a report on Tuesday. Raymond James Financial increased their price objective on Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Barclays increased their price objective on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $115.40.

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.