Dollar General Corporation $DG Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its position in Dollar General Corporation (NYSE:DG) by 31.7% during the second quarter, Holdings Channel.com reports. The firm owned 12,116 shares of the company’s stock after selling 5,627 shares during the period. Stephens Inc. AR’s holdings in Dollar General were worth $1,386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its holdings in shares of Dollar General by 4.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company’s stock valued at $2,424,000 after purchasing an additional 1,102 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Dollar General in the 1st quarter valued at $411,000. Golden State Wealth Management LLC raised its holdings in shares of 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 in the last quarter. Blair William & Co. IL raised its holdings in shares of Dollar General by 52.0% in the 2nd quarter. Blair William & Co. IL now owns 5,665 shares of the company’s stock valued at $648,000 after purchasing an additional 1,938 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Dollar General by 22.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 42,327 shares of the company’s stock valued at $3,722,000 after purchasing an additional 7,700 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DG shares. Truist Financial increased their target price on shares of Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, August 29th. Piper Sandler increased their target price on shares of Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. UBS Group increased their target price on shares of Dollar General from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. increased their target price on shares of Dollar General from $95.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday, September 16th. Finally, Wells Fargo & Company increased their target price on shares of Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. One research 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, Dollar General currently has a consensus rating of “Hold” and an average price target of $115.40.

Dollar General Trading Down 0.6%

Shares of Dollar General stock opened at $102.93 on Friday. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. The company has a market capitalization of $22.66 billion, a P/E ratio of 19.06, a PEG ratio of 2.18 and a beta of 0.30. The company’s fifty day moving average is $105.70 and its two-hundred day moving average is $104.49.

Dollar General (NYSE:DG) last issued its quarterly earnings data 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. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same period last 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. Analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

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

Dollar General 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.