Keynote Financial Services LLC Takes $214,000 Position in Dollar General Corporation $DG

Keynote Financial Services LLC bought a new position in shares of Dollar General Corporation (NYSE:DG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,871 shares of the company’s stock, valued at approximately $214,000.

A number of other institutional investors have also recently added to or reduced their stakes in DG. Vanguard Group Inc. raised its stake in shares of Dollar General by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock worth $2,324,271,000 after buying an additional 1,201,917 shares in the last quarter. Pzena Investment Management LLC grew its holdings 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 acquiring an additional 1,003,206 shares during the period. ACR Alpine Capital Research LLC boosted its position in shares of Dollar General by 3.9% during 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 in the last quarter. Invesco Ltd. grew its stake in shares of Dollar General by 2.6% in the 1st quarter. Invesco Ltd. now owns 3,469,568 shares of the company’s stock worth $305,079,000 after purchasing an additional 89,067 shares during the last quarter. Finally, Baupost Group LLC MA raised its holdings 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 worth $185,082,000 after purchasing an additional 44,076 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Up 1.3%

Shares of Dollar General stock opened at $100.52 on Tuesday. The firm has a market cap of $22.13 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 2.10 and a beta of 0.30. The stock has a 50-day simple moving average of $102.89 and a 200-day simple moving average of $105.56. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $117.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.30. The firm 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 company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, equities research analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

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

Wall Street Analysts Forecast Growth

DG has been the topic of a number of recent analyst reports. UBS Group boosted their target price on Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Morgan Stanley raised their target price on shares of Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a research report on Wednesday, November 5th. Piper Sandler upped their price target 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. Finally, Wells Fargo & Company lifted their price objective on shares of Dollar General from $105.00 to $115.00 and gave the stock 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 MarketBeat, the stock has a consensus rating of “Hold” and an average 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.