Horrell Capital Management Inc. Increases Holdings in Dollar General Corporation $DG

Horrell Capital Management Inc. boosted its stake in shares of Dollar General Corporation (NYSE:DG) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,427 shares of the company’s stock after buying an additional 597 shares during the period. Dollar General accounts for 1.3% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 23rd largest position. Horrell Capital Management Inc.’s holdings in Dollar General were worth $3,137,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of DG. Vanguard Group Inc. grew its holdings in shares of 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 raised its stake in Dollar General by 8.5% during the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company’s stock worth $1,122,914,000 after purchasing an additional 1,003,206 shares during the period. ACR Alpine Capital Research LLC boosted its holdings in Dollar General by 3.9% in the 1st 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 last quarter. Invesco Ltd. boosted its holdings in 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 grew 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 buying an additional 44,076 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Up 3.7%

Shares of NYSE DG opened at $104.15 on Wednesday. The stock has a market cap of $22.92 billion, a P/E ratio of 19.29, a PEG ratio of 2.10 and a beta of 0.30. The business’s fifty day simple moving average is $102.76 and its 200-day simple moving average is $105.64. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share 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 company had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the prior year, the business earned $1.70 EPS. Dollar General’s revenue was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, equities analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DG shares. Guggenheim reiterated a “buy” rating and set a $125.00 price target on shares of Dollar General in a report on Friday, August 29th. Sanford C. Bernstein lifted their price target on shares of Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. UBS Group boosted their price target on shares of Dollar General from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Piper Sandler increased their price objective on shares of Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company lifted their target price on shares of Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $115.64.

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.