Dollar General Corporation $DG Shares Acquired by Cidel Asset Management Inc.

Cidel Asset Management Inc. increased its position in shares of Dollar General Corporation (NYSE:DG) by 6.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,138 shares of the company’s stock after purchasing an additional 250 shares during the period. Cidel Asset Management Inc.’s holdings in Dollar General were worth $473,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DG. Blue Trust Inc. raised its stake in shares of Dollar General by 5.8% in the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock worth $229,000 after buying an additional 110 shares in the last quarter. Tectonic Advisors LLC grew its holdings in Dollar General by 1.9% during the second quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock worth $691,000 after acquiring an additional 113 shares during the period. Ancora Advisors LLC raised its position in Dollar General by 1.7% in the first quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock worth $638,000 after acquiring an additional 122 shares in the last quarter. Harbor Investment Advisory LLC raised its position in Dollar General by 35.2% in the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after acquiring an additional 128 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Dollar General by 18.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,056 shares of the company’s stock valued at $121,000 after acquiring an additional 163 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Up 1.8%

Shares of NYSE:DG opened at $105.79 on Monday. The firm has a 50 day simple moving average of $106.54 and a 200 day simple moving average of $104.32. 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 quick ratio of 0.27 and a current ratio of 1.25. The company has a market cap of $23.29 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.23 and a beta of 0.30.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (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 the consensus estimate 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 was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, research analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General’s payout ratio is 43.70%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dollar General in a research note on Tuesday, October 14th. Piper Sandler raised their target price on shares of Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Gordon Haskett decreased their price target on shares of Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. Barclays increased their price objective on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Finally, Truist Financial raised their price objective on Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.