Equity Investment Corp Has $125.54 Million Stake in Dollar General Corporation $DG

Equity Investment Corp decreased its position in shares of Dollar General Corporation (NYSE:DG) by 5.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,097,526 shares of the company’s stock after selling 59,614 shares during the quarter. Dollar General makes up approximately 2.6% of Equity Investment Corp’s holdings, making the stock its 11th largest holding. Equity Investment Corp owned about 0.50% of Dollar General worth $125,535,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. lifted its holdings in Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock worth $44,000 after buying an additional 200 shares in the last quarter. Hantz Financial Services Inc. lifted its stake 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 valued at $50,000 after acquiring an additional 140 shares during the period. Larson Financial Group LLC lifted its stake in shares of Dollar General by 384.3% during the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after acquiring an additional 488 shares during the period. Harbor Investment Advisory LLC lifted its stake 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 during the period. Finally, Bogart Wealth LLC lifted its stake in shares of Dollar General by 37.6% during the first quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock valued at $59,000 after acquiring an additional 184 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price 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. Piper Sandler increased their price objective on shares of Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Sanford C. Bernstein increased their price objective on shares of Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Evercore ISI cut their price objective on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a report on Tuesday, October 7th. Finally, Telsey Advisory Group set a $123.00 price target on Dollar General in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $115.64.

Dollar General Stock Performance

Shares of NYSE:DG opened at $99.78 on Wednesday. The firm’s 50 day simple moving average is $103.77 and its 200 day simple moving average is $105.46. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The company has a market capitalization of $21.96 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 2.10 and a beta of 0.30. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95.

Dollar General (NYSE:DG) last posted 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 company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, sell-side 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 declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were given a dividend of $0.59 per share. 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 2.4%. Dollar General’s dividend payout ratio (DPR) is currently 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.