Dollar General Corporation $DG Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp grew its stake in Dollar General Corporation (NYSE:DG) by 18.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,708 shares of the company’s stock after buying an additional 1,673 shares during the quarter. Fifth Third Bancorp’s holdings in Dollar General were worth $1,225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Mountain Hill Investment Partners Corp. lifted its holdings in shares of Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock valued at $44,000 after buying an additional 200 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock valued at $48,000 after buying an additional 342 shares during the period. CVA Family Office LLC lifted its holdings in shares of Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company’s stock valued at $50,000 after buying an additional 161 shares during the period. Larson Financial Group LLC lifted its holdings in shares of 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 buying an additional 488 shares during the period. Finally, Harbor Investment Advisory LLC lifted 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 valued at $56,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DG. Cfra Research raised Dollar General to a “hold” rating in a report on Tuesday, June 3rd. Jefferies Financial Group restated a “buy” rating on shares of Dollar General in a research note on Tuesday, June 3rd. UBS Group lifted their price target on Dollar General from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Oppenheimer upgraded Dollar General from a “market perform” rating to an “outperform” rating and set a $130.00 price target for the company in a research note on Wednesday, June 4th. Finally, KeyCorp restated a “sector weight” rating on shares of Dollar General in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and an average target price of $115.48.

Dollar General Trading Down 0.8%

Shares of Dollar General stock opened at $102.06 on Friday. The stock has a market cap of $22.46 billion, a P/E ratio of 18.90, a P/E/G ratio of 2.15 and a beta of 0.29. The stock’s 50 day simple moving average is $108.95 and its 200-day simple moving average is $102.43. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $117.95. 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 (NYSE:DG) last issued its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.30. The business had revenue of $10.73 billion for 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 business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

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

About Dollar General

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.