KBC Group NV Increases Position in Dollar General Corporation $DG

KBC Group NV raised its holdings in shares of Dollar General Corporation (NYSE:DG) by 1.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,754 shares of the company’s stock after purchasing an additional 575 shares during the period. KBC Group NV’s holdings in Dollar General were worth $4,204,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp bought a new position in Dollar General during the 2nd quarter valued at approximately $26,000. Hantz Financial Services Inc. boosted its holdings in 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 acquiring an additional 140 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Dollar General by 384.3% in the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock worth $54,000 after acquiring an additional 488 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of 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 acquiring an additional 128 shares in the last quarter. Finally, Manchester Capital Management LLC increased its holdings in shares of Dollar General by 264.6% during the first 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. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Performance

DG stock opened at $104.19 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. The company has a market cap of $22.93 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30. The stock’s fifty day moving average price is $102.47 and its 200-day moving average price is $105.79.

Dollar General (NYSE:DG) last posted 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. The company had revenue of $10.73 billion for the quarter, compared to the consensus estimate 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 was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 earnings per share. 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 disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were issued a $0.59 dividend. 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 2.3%. Dollar General’s dividend payout ratio (DPR) is presently 43.70%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Piper Sandler upped their price target on shares of Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Telsey Advisory Group set a $123.00 target price on shares of Dollar General in a report on Friday, August 29th. Truist Financial increased their price target on shares of Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a report on Friday, August 29th. JPMorgan Chase & Co. raised their price target on shares of Dollar General from $109.00 to $115.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Finally, Barclays upped their price objective on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $118.14.

Dollar General 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.