Fox Run Management L.L.C. Invests $280,000 in Dollar General Corporation $DG

Fox Run Management L.L.C. bought a new stake in Dollar General Corporation (NYSE:DG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,445 shares of the company’s stock, valued at approximately $280,000.

Several other hedge funds have also recently added to or reduced their stakes in DG. Tabor Asset Management LP acquired a new position in shares of Dollar General during the second quarter valued at $2,803,000. Marco Investment Management LLC lifted its holdings in Dollar General by 0.9% in the second quarter. Marco Investment Management LLC now owns 18,805 shares of the company’s stock worth $2,151,000 after purchasing an additional 175 shares during the period. Kinsale Capital Group Inc. grew its position in Dollar General by 14.0% in the 2nd quarter. Kinsale Capital Group Inc. now owns 53,867 shares of the company’s stock valued at $6,161,000 after buying an additional 6,609 shares in the last quarter. Cornerstone Investment Partners LLC increased its stake in Dollar General by 15.2% during the 2nd quarter. Cornerstone Investment Partners LLC now owns 507,864 shares of the company’s stock valued at $58,089,000 after buying an additional 66,864 shares during the period. Finally, Sustainable Insight Capital Management LLC bought a new stake in shares of Dollar General during the 2nd quarter worth about $507,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

DG opened at $104.30 on Friday. The business has a fifty day simple moving average of $102.57 and a 200-day simple moving average of $105.62. The firm has a market cap of $22.96 billion, a PE ratio of 19.31, a P/E/G 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 Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The business had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same period in the prior year, the business posted $1.70 earnings per share. Dollar General’s revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, equities analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, October 7th. Dollar General’s dividend payout ratio (DPR) is presently 43.70%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wolfe Research assumed coverage on shares of Dollar General in a research note on Thursday, September 18th. They set an “outperform” rating and a $139.00 price objective on the stock. Sanford C. Bernstein increased their price target on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Truist Financial boosted their price objective on Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, August 29th. Piper Sandler upped their price objective on Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Finally, Telsey Advisory Group set a $123.00 target price on Dollar General in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average price target of $115.64.

Dollar General Company 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.