Dollar General Corporation $DG Shares Acquired by Sather Financial Group Inc

Sather Financial Group Inc increased its holdings in Dollar General Corporation (NYSE:DG) by 5.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 584,443 shares of the company’s stock after buying an additional 32,152 shares during the period. Dollar General makes up about 3.9% of Sather Financial Group Inc’s portfolio, making the stock its 7th largest holding. Sather Financial Group Inc’s holdings in Dollar General were worth $66,849,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DG. Mountain Hill Investment Partners Corp. boosted its holdings in shares of Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock valued at $44,000 after buying an additional 200 shares during the period. Golden State Wealth Management LLC lifted its position in 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 during the last quarter. CVA Family Office LLC lifted its position in Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company’s stock valued at $50,000 after purchasing an additional 161 shares during the last quarter. Larson Financial Group LLC lifted its position in Dollar General by 384.3% in the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after purchasing an additional 488 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in Dollar General by 35.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after purchasing an additional 128 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. The Goldman Sachs Group downgraded shares of Dollar General from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $115.00 to $116.00 in a research report on Tuesday, June 24th. Wolfe Research assumed coverage on shares of Dollar General in a research report on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price objective on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dollar General in a research report on Saturday, September 27th. Evercore ISI cut their price objective on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 7th. Finally, Sanford C. Bernstein lifted their price objective 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. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $115.40.

Dollar General Stock Up 0.7%

DG stock opened at $99.38 on Friday. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95. The company has a market capitalization of $21.88 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 2.09 and a beta of 0.30. The firm’s 50-day moving average is $107.44 and its two-hundred day moving average is $103.68. 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 released its quarterly earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the firm 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. On average, analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.4%. Dollar General’s payout ratio is currently 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.