DekaBank Deutsche Girozentrale Sells 1,528 Shares of Dollar General Corporation $DG

DekaBank Deutsche Girozentrale cut its stake in Dollar General Corporation (NYSE:DG) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 142,306 shares of the company’s stock after selling 1,528 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.06% of Dollar General worth $16,229,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Blue Trust Inc. grew its position in shares of Dollar General by 5.8% in the second quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock valued at $229,000 after purchasing an additional 110 shares in the last quarter. Tectonic Advisors LLC grew its position in shares of Dollar General by 1.9% in the second quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock valued at $691,000 after purchasing an additional 113 shares in the last quarter. Ancora Advisors LLC grew its position in shares of Dollar General by 1.7% in the first quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock valued at $638,000 after purchasing an additional 122 shares in the last quarter. Harbor Investment Advisory LLC grew its position in shares of Dollar General by 35.2% in the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after purchasing an additional 128 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Dollar General by 18.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,056 shares of the company’s stock valued at $121,000 after purchasing an additional 163 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Price Performance

Dollar General stock opened at $103.49 on Thursday. The business has a 50-day simple moving average of $105.93 and a 200 day simple moving average of $104.41. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The stock has a market cap of $22.78 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 2.22 and a beta of 0.30.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $10.68 billion. During the same period in the prior year, the business earned $1.70 EPS. The company’s revenue for the quarter 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. On average, research analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, October 7th. Dollar General’s dividend payout ratio is presently 43.70%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wolfe Research assumed coverage on Dollar General in a research report on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Dollar General from $95.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday, September 16th. Loop Capital boosted their target price on Dollar General from $110.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, July 10th. Barclays boosted their target price on Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Finally, Gordon Haskett reduced their target price on Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. One investment 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 data from MarketBeat.com, Dollar General presently 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.