Intech Investment Management LLC Purchases 62,565 Shares of Dollar General Corporation $DG

Intech Investment Management LLC lifted its position in shares of Dollar General Corporation (NYSE:DG) by 105.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,629 shares of the company’s stock after purchasing an additional 62,565 shares during the quarter. Intech Investment Management LLC owned 0.06% of Dollar General worth $13,912,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new position in Dollar General during the second quarter worth $26,000. Hantz Financial Services Inc. increased its position in shares of Dollar General by 46.8% during the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock worth $50,000 after acquiring an additional 140 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of Dollar General by 35.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after acquiring an additional 128 shares during the last quarter. Larson Financial Group LLC lifted its position in Dollar General by 384.3% in the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after acquiring an additional 488 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its position in Dollar General by 264.6% in the 1st quarter. Manchester Capital Management LLC now owns 711 shares of the company’s stock valued at $63,000 after acquiring an additional 516 shares in 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 $105.79. 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 announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the previous year, the firm posted $1.70 earnings per share. The company’s revenue for the quarter 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were paid a $0.59 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $2.36 annualized dividend and a yield of 2.3%. Dollar General’s dividend payout ratio is presently 43.70%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DG shares. UBS Group increased their price objective on Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Truist Financial increased their price target on Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, August 29th. Gordon Haskett cut their price objective on shares of Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. JPMorgan Chase & Co. upped their target price on shares of Dollar General from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Finally, Telsey Advisory Group set a $123.00 price target on shares of Dollar General in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.