Formula Growth Ltd. Purchases New Stake in Dollar General Corporation $DG

Formula Growth Ltd. acquired a new stake in shares of Dollar General Corporation (NYSE:DG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,100 shares of the company’s stock, valued at approximately $1,842,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DG. Jump Financial LLC purchased a new stake in Dollar General in the second quarter worth $209,000. Baupost Group LLC MA increased its position in Dollar General by 26.7% during the 2nd quarter. Baupost Group LLC MA now owns 2,666,876 shares of the company’s stock valued at $305,037,000 after purchasing an additional 562,000 shares during the period. StoneX Group Inc. bought a new position in Dollar General in the 2nd quarter worth $247,000. Knollwood Investment Advisory LLC purchased a new stake in shares of Dollar General in the 2nd quarter worth about $226,000. Finally, GeoWealth Management LLC boosted its stake in shares of Dollar General by 1,330.4% during the 2nd quarter. GeoWealth Management LLC now owns 8,611 shares of the company’s stock valued at $985,000 after purchasing an additional 8,009 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 5.9%

DG stock opened at $132.67 on Friday. The business has a 50 day moving average of $103.68 and a 200 day moving average of $107.47. The firm has a market cap of $29.20 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 3.14 and a beta of 0.27. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $135.08. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.63.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $0.95 by $0.33. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The business had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the previous year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, January 6th. Dollar General’s dividend payout ratio (DPR) is currently 40.76%.

Analyst Ratings Changes

DG has been the subject of a number of research reports. Raymond James Financial reissued an “outperform” rating and issued a $135.00 price target on shares of Dollar General in a research note on Friday. Barclays increased their target price on Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Dollar General in a research report on Monday, December 1st. Jefferies Financial Group upped their price target on Dollar General from $130.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Evercore ISI set a $130.00 price objective on Dollar General in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $125.43.

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.