ProShare Advisors LLC Increases Position in Dollar General Corporation $DG

ProShare Advisors LLC boosted its holdings in Dollar General Corporation (NYSE:DG) by 22.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,475 shares of the company’s stock after purchasing an additional 7,293 shares during the period. ProShare Advisors LLC’s holdings in Dollar General were worth $4,630,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of Dollar General by 5.8% during the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock valued at $229,000 after buying an additional 110 shares during the last quarter. Tectonic Advisors LLC raised its holdings in Dollar General by 1.9% in the second quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock valued at $691,000 after acquiring an additional 113 shares in the last quarter. Ancora Advisors LLC boosted its stake in Dollar General by 1.7% during the 1st quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock valued at $638,000 after acquiring an additional 122 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in Dollar General by 35.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after acquiring an additional 128 shares in the last quarter. Finally, Achmea Investment Management B.V. increased its position in shares of Dollar General by 0.7% in the 2nd quarter. Achmea Investment Management B.V. now owns 19,134 shares of the company’s stock worth $2,188,000 after purchasing an additional 138 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Trading Down 0.0%

NYSE:DG opened at $104.19 on Friday. The firm has a market capitalization of $22.93 billion, a P/E ratio of 19.29, a P/E/G ratio of 2.10 and a beta of 0.30. The business has a 50 day simple moving average of $102.47 and a 200 day simple moving average of $105.70. 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 Corporation has a 12-month low of $66.43 and a 12-month high of $117.95.

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. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The firm had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same period last year, the company earned $1.70 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DG shares. JPMorgan Chase & Co. increased their price target on shares of Dollar General from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Piper Sandler upped their price objective on Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Gordon Haskett decreased their target price on Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. Evercore ISI lowered their price target on Dollar General from $114.00 to $112.00 and set an “in-line” rating for the company in a report on Tuesday, October 7th. Finally, Telsey Advisory Group set a $123.00 price objective 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 assigned a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $118.14.

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.