1,870 Shares in Dollar General Corporation $DG Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Dollar General Corporation (NYSE:DG) during the second quarter, HoldingsChannel reports. The firm bought 1,870 shares of the company’s stock, valued at approximately $214,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. lifted its stake in Dollar General by 4.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company’s stock worth $2,424,000 after purchasing an additional 1,102 shares during the period. Ballentine Partners LLC bought a new position in Dollar General during the first quarter worth about $411,000. Golden State Wealth Management LLC lifted its stake in Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock worth $48,000 after purchasing an additional 342 shares during the period. Blair William & Co. IL lifted its stake in Dollar General by 52.0% during the second quarter. Blair William & Co. IL now owns 5,665 shares of the company’s stock worth $648,000 after purchasing an additional 1,938 shares during the period. Finally, HB Wealth Management LLC lifted its stake in Dollar General by 6.3% during the second quarter. HB Wealth Management LLC now owns 6,667 shares of the company’s stock worth $763,000 after purchasing an additional 393 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

NYSE:DG opened at $102.01 on Wednesday. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. The firm has a 50 day moving average of $105.09 and a 200-day moving average of $105.05. 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 stock has a market capitalization of $22.45 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 2.16 and a beta of 0.30.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) 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 company had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the previous year, the company posted $1.70 earnings per share. Dollar General’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. As a group, sell-side analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

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

Wall Street Analyst Weigh In

DG has been the subject of a number of analyst reports. 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. 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. Telsey Advisory Group set a $123.00 price target on shares of Dollar General in a research note on Friday, August 29th. 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. Finally, Morgan Stanley raised their price target on shares of Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $115.64.

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.