Sumitomo Mitsui Trust Group Inc. Has $57.47 Million Stock Position in Dollar General Corporation $DG

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Dollar General Corporation (NYSE:DG) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 502,456 shares of the company’s stock after purchasing an additional 4,907 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Dollar General worth $57,471,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Harbor Investment Advisory LLC increased its stake in shares of Dollar General by 35.2% during the 2nd 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. Mountain Hill Investment Partners Corp. increased its stake 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 purchasing an additional 200 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock worth $48,000 after purchasing an additional 342 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Dollar General by 384.3% during the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock worth $54,000 after purchasing an additional 488 shares during the last quarter. Finally, Bogart Wealth LLC increased its stake in shares of Dollar General by 37.6% during the 1st quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock worth $59,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

NYSE DG opened at $101.92 on Monday. 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 firm has a market capitalization of $22.43 billion, a price-to-earnings ratio of 18.87, a P/E/G ratio of 2.15 and a beta of 0.30. The company’s fifty day moving average is $105.49 and its two-hundred day moving average is $104.83. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $117.95.

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

Dollar General Dividend Announcement

The firm also recently announced 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 was Tuesday, October 7th. Dollar General’s payout ratio is 43.70%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DG. Telsey Advisory Group set a $123.00 price objective on shares of Dollar General in a report on Friday, August 29th. UBS Group upped their price objective on shares of Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Truist Financial upped their price objective on shares of Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, August 29th. Barclays upped their price objective on shares of Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Finally, Gordon Haskett decreased their price objective on shares of Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $115.40.

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.