Dollar General Corporation $DG Stock Holdings Lessened by Pzena Investment Management LLC

Pzena Investment Management LLC lowered its stake in shares of Dollar General Corporation (NYSE:DG) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,848,938 shares of the company’s stock after selling 921,604 shares during the quarter. Dollar General comprises about 4.4% of Pzena Investment Management LLC’s holdings, making the stock its 2nd largest position. Pzena Investment Management LLC owned approximately 5.38% of Dollar General worth $1,355,282,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harbor Investment Advisory LLC grew its holdings in shares of Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after buying an additional 128 shares during the last quarter. Mountain Hill Investment Partners Corp. grew its holdings in shares of Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock worth $44,000 after buying an additional 200 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock worth $48,000 after buying an additional 342 shares during the last quarter. CVA Family Office LLC grew its holdings in shares of Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company’s stock worth $50,000 after buying an additional 161 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Dollar General by 384.3% during the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock worth $54,000 after buying an additional 488 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

DG stock opened at $99.38 on Monday. The firm has a 50 day moving average of $107.44 and a 200-day moving average of $103.79. 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. The company has a market cap of $21.88 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 2.09 and a beta of 0.30.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $10.68 billion. During the same period last year, the firm earned $1.70 EPS. The company’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. As a group, equities analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, October 7th. Dollar General’s dividend payout ratio (DPR) is presently 43.70%.

Analysts Set New Price Targets

A number of research firms recently issued reports on DG. Loop Capital raised their price target on Dollar General from $110.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday, July 10th. Morgan Stanley raised their price objective on shares of Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Raymond James Financial raised their price objective on shares of Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. raised their price objective 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, UBS Group raised their price objective 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. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $115.40.

Dollar General Company 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.