Los Angeles Capital Management LLC Raises Stock Position in Dollar General Corporation $DG

Los Angeles Capital Management LLC raised its stake in shares of Dollar General Corporation (NYSE:DG) by 95.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 352,330 shares of the company’s stock after purchasing an additional 171,778 shares during the period. Los Angeles Capital Management LLC owned 0.16% of Dollar General worth $40,300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DG. Pacer Advisors Inc. boosted its holdings in 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 buying an additional 1,554,004 shares during the last quarter. Royal Bank of Canada boosted 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 last quarter. Vanguard Group Inc. increased its position in shares of Dollar General by 4.8% during the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock worth $2,324,271,000 after purchasing an additional 1,201,917 shares in the last quarter. Pzena Investment Management LLC raised its stake in Dollar General by 8.5% in the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company’s stock valued at $1,122,914,000 after purchasing an additional 1,003,206 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Dollar General in the 1st quarter valued at $41,798,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company increased their target price 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a research note on Wednesday. Morgan Stanley upped their price target on Dollar General from $115.00 to $125.00 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. Finally, Evercore ISI lowered their price objective on Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 7th. One equities research 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 company’s stock. According to MarketBeat, Dollar General presently has an average rating of “Hold” and an average target price of $115.64.

Dollar General Stock Up 3.5%

Dollar General stock opened at $99.27 on Friday. 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 company has a market capitalization of $21.85 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95. The firm has a 50 day moving average price of $103.05 and a 200 day moving average price of $105.38.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same period in the previous year, the company posted $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. Research analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm 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. The ex-dividend date was Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.4%. Dollar General’s dividend payout ratio is presently 43.70%.

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.