Dollar General Corporation $DG Shares Sold by Magellan Asset Management Ltd

Magellan Asset Management Ltd decreased its position in Dollar General Corporation (NYSE:DG) by 37.3% during the 2nd quarter, Holdings Channel reports. The fund owned 368,584 shares of the company’s stock after selling 219,554 shares during the quarter. Magellan Asset Management Ltd’s holdings in Dollar General were worth $42,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in DG. Vanguard Group Inc. grew its holdings in Dollar General by 4.8% in the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock valued at $2,324,271,000 after purchasing an additional 1,201,917 shares during the last quarter. Pzena Investment Management LLC raised its holdings in shares of Dollar General by 8.5% in the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company’s stock worth $1,122,914,000 after purchasing an additional 1,003,206 shares during the period. ACR Alpine Capital Research LLC grew its holdings in shares of Dollar General by 3.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company’s stock worth $369,081,000 after purchasing an additional 155,966 shares during the period. Invesco Ltd. grew its position in Dollar General by 2.6% in the first quarter. Invesco Ltd. now owns 3,469,568 shares of the company’s stock valued at $305,079,000 after acquiring an additional 89,067 shares in the last quarter. Finally, Baupost Group LLC MA grew its stake in Dollar General by 2.1% during the 1st quarter. Baupost Group LLC MA now owns 2,104,876 shares of the company’s stock valued at $185,082,000 after purchasing an additional 44,076 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DG shares. Guggenheim restated a “buy” rating and set a $125.00 price objective on shares of Dollar General in a research note on Friday, August 29th. Piper Sandler raised their price objective on shares of Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Barclays upped their target price on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Telsey Advisory Group set a $123.00 price objective on shares of Dollar General in a research note on Friday, August 29th. Finally, 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. One research 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, the company has a consensus rating of “Hold” and an average price target of $115.64.

Dollar General Stock Up 3.5%

DG opened at $99.27 on Friday. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The firm has a market cap of $21.85 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 2.10 and a beta of 0.30. The firm’s 50-day simple moving average is $103.05 and its 200-day simple moving average is $105.38. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25.

Dollar General (NYSE:DG) last announced its quarterly earnings data 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 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 quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts anticipate 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 was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were paid a $0.59 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $2.36 annualized dividend and a yield of 2.4%. 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.