Asset Management One Co. Ltd. Increases Stake in Dollar General Corporation $DG

Asset Management One Co. Ltd. boosted its stake in shares of Dollar General Corporation (NYSE:DG) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,790 shares of the company’s stock after acquiring an additional 3,206 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Dollar General were worth $10,728,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Dollar General by 4.8% in the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock valued at $2,324,271,000 after purchasing an additional 1,201,917 shares during the period. Pzena Investment Management LLC grew its holdings in Dollar General by 8.5% in the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company’s stock valued at $1,122,914,000 after purchasing an additional 1,003,206 shares during the period. ACR Alpine Capital Research LLC grew its holdings in Dollar General by 3.9% in the first quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company’s stock valued at $369,081,000 after purchasing an additional 155,966 shares during the period. Invesco Ltd. grew its holdings in Dollar General by 2.6% in the first 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 period. Finally, Baupost Group LLC MA grew its holdings in Dollar General by 2.1% in the first 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 period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DG has been the topic of several research analyst reports. Guggenheim reissued a “buy” rating and issued a $125.00 price objective on shares of Dollar General in a report on Friday, August 29th. UBS Group raised their price objective on Dollar General from $128.00 to $135.00 and gave the company a “buy” rating in a report on Friday, August 29th. Barclays raised 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. Wells Fargo & Company lifted their price target 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. Finally, Evercore ISI lowered their price target on Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $115.40.

Dollar General Trading Down 1.0%

DG opened at $101.92 on Monday. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The stock has a market capitalization of $22.43 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 2.15 and a beta of 0.30. 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 business has a fifty day moving average price of $105.49 and a 200 day moving average price of $104.83.

Dollar General (NYSE:DG) last released 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. 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 analysts’ expectations of $10.68 billion. During the same period in the previous year, the firm posted $1.70 EPS. Dollar General’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. Sell-side analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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