Oakworth Capital Inc. Sells 140 Shares of Dollar General Corporation $DG

Oakworth Capital Inc. decreased its position in Dollar General Corporation (NYSE:DG) by 22.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 476 shares of the company’s stock after selling 140 shares during the quarter. Oakworth Capital Inc.’s holdings in Dollar General were worth $54,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised 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 worth $2,324,271,000 after purchasing an additional 1,201,917 shares in the last quarter. Pzena Investment Management LLC raised 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 worth $1,122,914,000 after purchasing an additional 1,003,206 shares in the last quarter. ACR Alpine Capital Research LLC raised 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 worth $369,081,000 after purchasing an additional 155,966 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Dollar General by 2.6% during the first quarter. Invesco Ltd. now owns 3,469,568 shares of the company’s stock valued at $305,079,000 after acquiring an additional 89,067 shares in the last quarter. Finally, Baupost Group LLC MA increased its holdings in shares of Dollar General by 2.1% during the first quarter. Baupost Group LLC MA now owns 2,104,876 shares of the company’s stock valued at $185,082,000 after acquiring an additional 44,076 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DG. Citigroup raised their price target on Dollar General from $101.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, June 4th. Sanford C. Bernstein raised their price target on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Bank of America raised their price target on Dollar General from $115.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Cfra Research upgraded Dollar General to a “hold” rating in a report on Tuesday, June 3rd. Finally, UBS Group raised their price target on Dollar General from $128.00 to $135.00 and gave the company a “buy” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $115.48.

Dollar General Trading Up 0.7%

Dollar General stock opened at $102.83 on Tuesday. 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 Corporation has a one year low of $66.43 and a one year high of $117.95. The stock has a market capitalization of $22.63 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.15 and a beta of 0.29. The business’s fifty day moving average is $108.86 and its 200 day moving average is $102.76.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.56 by $0.30. The company had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.Dollar General’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, sell-side analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

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