Maryland State Retirement & Pension System Boosts Stock Holdings in Dollar General Corporation $DG

Maryland State Retirement & Pension System grew its position in shares of Dollar General Corporation (NYSE:DG) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,676 shares of the company’s stock after acquiring an additional 407 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Dollar General were worth $1,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. boosted its holdings in Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock worth $44,000 after acquiring an additional 200 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock worth $48,000 after acquiring an additional 342 shares during the last quarter. CVA Family Office LLC raised its stake in shares of Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company’s stock worth $50,000 after purchasing an additional 161 shares during the period. Larson Financial Group LLC raised its stake in shares of Dollar General by 384.3% during the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock worth $54,000 after purchasing an additional 488 shares during the period. Finally, Harbor Investment Advisory LLC raised its stake in shares of Dollar General by 35.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after purchasing an additional 128 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Trading Up 0.7%

Shares of DG opened at $99.38 on Monday. The business’s 50-day moving average price is $107.44 and its 200-day moving average price is $103.79. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The stock has a market cap of $21.88 billion, a PE ratio of 18.40, a P/E/G ratio of 2.09 and a beta of 0.30. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG) last announced its quarterly earnings results 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. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The firm had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same period in the prior year, the business posted $1.70 earnings per share. The company’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, equities analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

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 issued a dividend of $0.59 per share. 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 presently 43.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DG shares. Telsey Advisory Group set a $123.00 target price on Dollar General in a research note on Friday, August 29th. Raymond James Financial lifted their target price on Dollar General from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Wolfe Research assumed coverage on Dollar General in a research note on Thursday, September 18th. They set an “outperform” rating and a $139.00 target price on the stock. Barclays upped their price objective on shares of Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Finally, Evercore ISI dropped 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 report on Tuesday, October 7th. One research 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $115.40.

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.