Probity Advisors Inc. Raises Holdings in Dollar General Corporation $DG

Probity Advisors Inc. lifted its holdings in shares of Dollar General Corporation (NYSE:DG) by 12.5% during the second quarter, Holdings Channel.com reports. The fund owned 7,047 shares of the company’s stock after acquiring an additional 781 shares during the period. Probity Advisors Inc.’s holdings in Dollar General were worth $806,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Blue Trust Inc. grew its stake in shares of Dollar General by 5.8% during the second quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock worth $229,000 after acquiring an additional 110 shares during the last quarter. Tectonic Advisors LLC grew its stake in shares of 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 last quarter. Ancora Advisors LLC grew its stake in shares of Dollar General by 1.7% during 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 during the last quarter. Harbor Investment Advisory LLC grew its stake 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 acquiring an additional 128 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Dollar General by 18.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,056 shares of the company’s stock worth $121,000 after acquiring an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 0.8%

Dollar General stock opened at $106.56 on Tuesday. 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 Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The stock’s 50 day simple moving average is $106.38 and its two-hundred day simple moving average is $104.41. The firm has a market cap of $23.45 billion, a PE ratio of 19.73, a P/E/G ratio of 2.23 and a beta of 0.30.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping 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 business had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the prior year, the firm posted $1.70 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed 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 2.2%. The ex-dividend date is Tuesday, October 7th. Dollar General’s dividend payout ratio is currently 43.70%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DG. Guggenheim restated a “buy” rating and set a $125.00 price target on shares of Dollar General in a research note on Friday, August 29th. Gordon Haskett dropped their target price on Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. Sanford C. Bernstein upped their target price on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Telsey Advisory Group set a $123.00 target price on Dollar General in a research report on Friday, August 29th. Finally, Barclays upped their target price on Dollar General from $119.00 to $127.00 and gave the company an “overweight” 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 issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $115.40.

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.