Generali Asset Management SPA SGR Increases Holdings in Dollar General Corporation $DG

Generali Asset Management SPA SGR lifted its position in shares of Dollar General Corporation (NYSE:DG) by 516.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 27,569 shares of the company’s stock after buying an additional 23,098 shares during the period. Generali Asset Management SPA SGR’s holdings in Dollar General were worth $3,153,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DG. Bayforest Capital Ltd lifted its stake in Dollar General by 81.4% in the 2nd quarter. Bayforest Capital Ltd now owns 10,071 shares of the company’s stock valued at $1,152,000 after buying an additional 4,520 shares in the last quarter. Cornerstone Wealth Group LLC lifted its stake in Dollar General by 6.1% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 93,526 shares of the company’s stock valued at $10,697,000 after buying an additional 5,394 shares in the last quarter. NorthRock Partners LLC lifted its stake in Dollar General by 21.5% in the 2nd quarter. NorthRock Partners LLC now owns 5,513 shares of the company’s stock valued at $631,000 after buying an additional 976 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Dollar General by 8.9% in the 2nd quarter. Verdence Capital Advisors LLC now owns 46,749 shares of the company’s stock valued at $5,347,000 after buying an additional 3,827 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its stake in Dollar General by 7.4% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 2,807 shares of the company’s stock valued at $321,000 after buying an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of recent research reports. Truist Financial upped their target price on Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, August 29th. Piper Sandler upped their target price on Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Wells Fargo & Company boosted their price target on Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. JPMorgan Chase & Co. boosted their price target on Dollar General from $95.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, September 16th. Finally, Telsey Advisory Group set a $123.00 price target on Dollar General in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus target price of $115.40.

Dollar General Trading Down 2.3%

DG stock opened at $103.87 on Friday. The company has a market cap of $22.86 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.24 and a beta of 0.30. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $106.75 and a 200-day simple moving average of $104.02. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.30. The business had revenue of $10.73 billion during 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%.The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, equities research analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, October 7th. Dollar General’s dividend payout ratio is presently 43.70%.

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.