Geode Capital Management LLC Purchases 7,874 Shares of Dollar General Corporation $DG

Geode Capital Management LLC boosted its holdings in Dollar General Corporation (NYSE:DG) by 0.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,649,222 shares of the company’s stock after acquiring an additional 7,874 shares during the quarter. Geode Capital Management LLC’s holdings in Dollar General were worth $643,442,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its stake in shares of Dollar General by 5,440.2% in the first quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company’s stock valued at $139,155,000 after buying an additional 1,554,004 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Dollar General by 251.6% in the 1st 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. lifted its position in Dollar General by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock valued at $2,324,271,000 after acquiring an additional 1,201,917 shares in the last quarter. Nuveen LLC bought a new stake in Dollar General during the 1st quarter worth approximately $41,798,000. Finally, Amundi raised its stake in shares of Dollar General by 181.5% in the first quarter. Amundi now owns 734,248 shares of the company’s stock worth $69,320,000 after purchasing an additional 473,451 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Price Performance

DG opened at $104.19 on Friday. 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 of $102.47 and a 200 day moving average of $105.70. 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 firm has a market cap of $22.93 billion, a P/E ratio of 19.29, a PEG ratio of 2.10 and a beta of 0.30.

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 analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The firm had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same period in the previous year, the company earned $1.70 earnings per share. The company’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, research analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

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

Analyst Upgrades and Downgrades

DG has been the topic of several analyst reports. Truist Financial lifted their target price on Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, August 29th. Evercore ISI cut 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 report on Tuesday, October 7th. Barclays increased their target price on shares of Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Sanford C. Bernstein raised their price target on shares of Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Dollar General in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.