Sprucegrove Investment Management Ltd. Invests $4.43 Million in Dollar General Corporation $DG

Sprucegrove Investment Management Ltd. acquired a new stake in Dollar General Corporation (NYSE:DG) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 38,731 shares of the company’s stock, valued at approximately $4,430,000. Dollar General makes up 0.4% of Sprucegrove Investment Management Ltd.’s portfolio, making the stock its 28th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of DG. Atlantic Union Bankshares Corp acquired a new stake in Dollar General in the second quarter worth $26,000. Mountain Hill Investment Partners Corp. boosted its position in shares of 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 purchasing an additional 200 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Dollar General by 46.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock worth $50,000 after purchasing 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 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 increased its position in 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 in the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Up 0.8%

Shares of NYSE:DG opened at $100.57 on Thursday. The business’s 50 day moving average is $103.56 and its 200 day moving average is $105.43. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95. The stock has a market cap of $22.14 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 2.10 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.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating 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 was up 5.1% on a year-over-year basis. During the same period last year, the business earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, sell-side analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders 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 2.3%. The ex-dividend date of this dividend was Tuesday, October 7th. Dollar General’s dividend payout ratio is presently 43.70%.

Analyst Ratings Changes

A number of research firms recently weighed in on DG. Telsey Advisory Group set a $123.00 price target on Dollar General in a research note on Friday, August 29th. JPMorgan Chase & Co. boosted their price objective on Dollar General from $109.00 to $115.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Truist Financial increased their target price on Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, August 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Dollar General in a research report on Tuesday, October 14th. Finally, Piper Sandler upped their price objective on shares of Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a report 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $115.64.

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.