Calamos Advisors LLC Increases Position in Dollar General Corporation $DG

Calamos Advisors LLC boosted its position in shares of Dollar General Corporation (NYSE:DG) by 302.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 183,996 shares of the company’s stock after acquiring an additional 138,258 shares during the quarter. Calamos Advisors LLC owned about 0.08% of Dollar General worth $21,045,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased 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 period. Pzena Investment Management LLC grew its position in Dollar General by 8.5% during the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company’s stock worth $1,122,914,000 after purchasing an additional 1,003,206 shares during the period. ACR Alpine Capital Research LLC raised its stake in shares of Dollar General by 3.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company’s stock valued at $369,081,000 after buying an additional 155,966 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Dollar General by 2.6% in the 1st quarter. Invesco Ltd. now owns 3,469,568 shares of the company’s stock valued at $305,079,000 after buying an additional 89,067 shares during the period. Finally, Baupost Group LLC MA boosted its stake in shares of Dollar General by 2.1% in the first quarter. Baupost Group LLC MA now owns 2,104,876 shares of the company’s stock worth $185,082,000 after buying an additional 44,076 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Gordon Haskett decreased their price target on Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. Wells Fargo & Company boosted 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 note on Friday, August 29th. Telsey Advisory Group set a $123.00 price target on shares of Dollar General in a research report on Friday, August 29th. Raymond James Financial lifted their price objective on shares of Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, UBS Group increased their target price on shares of Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a research note 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $115.64.

Dollar General Trading Up 0.2%

Shares of NYSE DG opened at $104.27 on Thursday. 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 $22.95 billion, a PE ratio of 19.31, a PEG ratio of 2.10 and a beta of 0.30. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The stock has a fifty day simple moving average of $102.66 and a 200-day simple moving average of $105.63.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. The company had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.Dollar General’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the business posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, equities analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a yield of 2.3%. Dollar General’s dividend payout ratio is 43.70%.

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.