Dollar General Corporation $DG Position Reduced by Flossbach Von Storch SE

Flossbach Von Storch SE trimmed its position in Dollar General Corporation (NYSE:DG) by 18.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 981,383 shares of the company’s stock after selling 225,356 shares during the quarter. Flossbach Von Storch SE’s holdings in Dollar General were worth $112,251,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DG. Atlantic Union Bankshares Corp acquired a new position in Dollar General in the 2nd quarter worth approximately $26,000. Mountain Hill Investment Partners Corp. lifted its holdings in shares of Dollar General by 66.7% in the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock valued at $44,000 after purchasing an additional 200 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Dollar General by 46.8% in the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock worth $50,000 after buying an additional 140 shares during the period. Larson Financial Group LLC grew its holdings in shares of Dollar General by 384.3% during the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after buying an additional 488 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its position in Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

DG stock opened at $99.27 on Friday. The firm has a 50 day moving average of $103.05 and a two-hundred day moving average of $105.44. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The company has a market capitalization of $21.85 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 2.10 and a beta of 0.30. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG) last released its quarterly earnings results 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. 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%. Dollar General’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, equities 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. Stockholders of record on Tuesday, October 7th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend 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 currently 43.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DG shares. Raymond James Financial raised their price objective on Dollar General from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dollar General in a research report on Wednesday. Evercore ISI dropped their price objective on shares of 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. JPMorgan Chase & Co. increased their target price on shares of Dollar General from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, Guggenheim restated a “buy” rating and set a $125.00 price target on shares of Dollar General in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.