Oppenheimer Asset Management Inc. Sells 55,797 Shares of Dollar General Corporation $DG

Oppenheimer Asset Management Inc. decreased its holdings in Dollar General Corporation (NYSE:DG) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 680,969 shares of the company’s stock after selling 55,797 shares during the quarter. Dollar General accounts for approximately 0.9% of Oppenheimer Asset Management Inc.’s investment portfolio, making the stock its 14th biggest holding. Oppenheimer Asset Management Inc.’s holdings in Dollar General were worth $77,889,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. QV Investors Inc. increased its stake in Dollar General by 19.1% in the 2nd quarter. QV Investors Inc. now owns 169,960 shares of the company’s stock valued at $19,440,000 after buying an additional 27,200 shares during the last quarter. Pullen Investment Management LLC purchased a new stake in Dollar General in the 2nd quarter valued at about $236,000. MQS Management LLC purchased a new stake in Dollar General in the 2nd quarter valued at about $207,000. Kornitzer Capital Management Inc. KS purchased a new stake in Dollar General in the 2nd quarter valued at about $238,000. Finally, CVA Family Office LLC increased its stake in Dollar General by 37.7% in the 2nd quarter. CVA Family Office LLC now owns 785 shares of the company’s stock valued at $90,000 after buying an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on DG. JPMorgan Chase & Co. increased their price objective on shares of Dollar General from $95.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Sanford C. Bernstein raised their price target on shares of Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Piper Sandler raised their price target 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. Wolfe Research assumed coverage on shares of Dollar General in a research note on Thursday, September 18th. They set an “outperform” rating and a $139.00 price target for the company. Finally, Raymond James Financial raised their price target 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. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $115.40.

Dollar General Stock Down 1.0%

Dollar General stock opened at $101.92 on Friday. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $117.95. The firm has a market capitalization of $22.43 billion, a price-to-earnings ratio of 18.87, a P/E/G ratio of 2.15 and a beta of 0.30. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The firm has a 50 day simple moving average of $105.49 and a 200 day simple moving average of $104.70.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same period in the previous year, the business earned $1.70 EPS. Dollar General’s 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. On average, analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were given a dividend of $0.59 per share. 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 payout ratio is 43.70%.

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.