Dollar General Corporation $DG Shares Acquired by Ethic Inc.

Ethic Inc. raised its stake in shares of Dollar General Corporation (NYSE:DG) by 127.2% during the second quarter, HoldingsChannel reports. The firm owned 33,143 shares of the company’s stock after purchasing an additional 18,556 shares during the quarter. Ethic Inc.’s holdings in Dollar General were worth $3,793,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DG. Pacer Advisors Inc. increased its stake in shares of Dollar General by 5,440.2% in the first quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company’s stock worth $139,155,000 after acquiring an additional 1,554,004 shares during the period. Royal Bank of Canada increased its stake in shares of Dollar General by 251.6% in the first quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock worth $178,983,000 after acquiring an additional 1,456,549 shares during the period. Vanguard Group Inc. increased its stake in shares of Dollar General by 4.8% in the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock worth $2,324,271,000 after acquiring an additional 1,201,917 shares during the period. Pzena Investment Management LLC increased its stake in shares of Dollar General by 8.5% in the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company’s stock worth $1,122,914,000 after acquiring an additional 1,003,206 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Dollar General in the first quarter worth $41,798,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of NYSE DG opened at $102.93 on Friday. The company’s fifty day moving average price is $105.70 and its 200 day moving average price is $104.49. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. The company has a market capitalization of $22.66 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 2.18 and a beta of 0.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25.

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, beating the consensus estimate of $1.56 by $0.30. The business 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% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, October 7th. Dollar General’s dividend payout ratio (DPR) is presently 43.70%.

Wall Street Analyst Weigh In

DG has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Dollar General in a research note on Tuesday, October 14th. Piper Sandler increased their price objective on shares of Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Raymond James Financial increased their price objective on shares of Dollar General from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Guggenheim reissued a “buy” rating and set a $125.00 price target on shares of Dollar General in a report on Friday, August 29th. Finally, Wells Fargo & Company increased their price target on shares of Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a 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 issued a Hold rating to the company’s stock. According to MarketBeat, Dollar General presently has a consensus rating of “Hold” and a consensus 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.