Dollar General Corporation $DG Holdings Decreased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lowered its holdings in shares of Dollar General Corporation (NYSE:DG) by 13.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,822 shares of the company’s stock after selling 16,229 shares during the period. Dollar General makes up 1.3% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 9th largest holding. Pekin Hardy Strauss Inc.’s holdings in Dollar General were worth $11,532,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DG. Pacer Advisors Inc. boosted its position in shares of Dollar General by 5,440.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company’s stock worth $139,155,000 after purchasing an additional 1,554,004 shares in the last quarter. Royal Bank of Canada boosted its holdings in 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 in the last quarter. Vanguard Group Inc. grew 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 last quarter. Pzena Investment Management LLC increased its holdings in shares of Dollar General by 8.5% during the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company’s stock valued at $1,122,914,000 after acquiring an additional 1,003,206 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Dollar General in the 1st quarter worth about $41,798,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Down 4.6%

Dollar General stock opened at $95.99 on Friday. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95. The stock has a fifty day moving average of $103.24 and a 200 day moving average of $105.36. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. The stock has a market cap of $21.13 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30.

Dollar General (NYSE:DG) last released its quarterly 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. The business had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, sell-side analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, October 7th. Dollar General’s dividend payout ratio is 43.70%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Wells Fargo & Company raised their price target on shares of Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Telsey Advisory Group set a $123.00 price objective on Dollar General in a research report on Friday, August 29th. Gordon Haskett decreased their price target on Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. Finally, Truist Financial increased their price objective on Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.