Banco Bilbao Vizcaya Argentaria S.A. Buys 41,643 Shares of Dollar General Corporation $DG

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Dollar General Corporation (NYSE:DG) by 84.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 90,666 shares of the company’s stock after purchasing an additional 41,643 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Dollar General were worth $10,367,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC lifted its position in Dollar General by 40.9% in the first quarter. Cerity Partners LLC now owns 49,895 shares of the company’s stock worth $4,387,000 after buying an additional 14,492 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Dollar General in the first quarter valued at $2,289,000. Sigma Planning Corp bought a new stake in shares of Dollar General in the 1st quarter worth about $286,000. Apollon Wealth Management LLC bought a new stake in shares of Dollar General in the 1st quarter worth about $267,000. Finally, Wealthfront Advisers LLC boosted its stake in shares of Dollar General by 98.2% during the 1st quarter. Wealthfront Advisers LLC now owns 17,662 shares of the company’s stock worth $1,553,000 after purchasing an additional 8,752 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of DG stock opened at $104.19 on Friday. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. 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 fifty day simple moving average of $102.47 and a two-hundred day simple moving average of $105.70. The stock has a market capitalization of $22.93 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 2.10 and a beta of 0.30.

Dollar General (NYSE:DG) last released its quarterly earnings data 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 firm 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 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.3%. Dollar General’s payout ratio is currently 43.70%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, August 29th. Gordon Haskett cut their target price on Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. UBS Group raised their price target on Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Sanford C. Bernstein upped their price objective on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Barclays lifted their target price on Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $118.14.

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.