Dorsey & Whitney Trust CO LLC Makes New Investment in Dollar General Corporation $DG

Dorsey & Whitney Trust CO LLC bought a new stake in shares of Dollar General Corporation (NYSE:DG) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 2,335 shares of the company’s stock, valued at approximately $267,000.

Other large investors also recently made changes to their positions in the company. Landaas & Co. WI ADV acquired a new stake in shares of Dollar General during the second quarter worth $229,000. Intrust Bank NA boosted its holdings in Dollar General by 54.2% during the second quarter. Intrust Bank NA now owns 5,142 shares of the company’s stock worth $588,000 after buying an additional 1,807 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Dollar General by 21.4% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 90,177 shares of the company’s stock worth $10,314,000 after buying an additional 15,918 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Dollar General by 4.2% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 151,076 shares of the company’s stock valued at $17,280,000 after acquiring an additional 6,087 shares during the last quarter. Finally, Westpac Banking Corp bought a new position in Dollar General during the 2nd quarter worth approximately $122,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Trading Down 3.5%

DG opened at $99.67 on Thursday. The stock has a market capitalization of $21.94 billion, a P/E ratio of 18.46, a P/E/G ratio of 2.10 and a beta of 0.30. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The firm’s fifty day simple moving average is $102.20 and its 200 day simple moving average is $106.01.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.30. The firm 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%.The company’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 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, research analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors 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 2.4%. The ex-dividend date of this dividend was Tuesday, October 7th. Dollar General’s dividend payout ratio (DPR) is currently 43.70%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DG shares. JPMorgan Chase & Co. boosted their price objective on shares of Dollar General from $109.00 to $115.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Gordon Haskett reduced their price target on shares of Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. Guggenheim restated a “buy” rating and issued a $125.00 price objective on shares of Dollar General in a research report on Friday, August 29th. Barclays lifted their target price on Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Finally, Sanford C. Bernstein boosted their target price on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research note 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.