111 Capital Makes New $1.06 Million Investment in Dollar General Corporation $DG

Key Points

• 111 Capital has made a significant investment of approximately $1.06 million in Dollar General Corporation, acquiring 9,244 shares during the 2nd quarter.
• Analysts have mixed views on Dollar General, with some lowering price targets and ratings, leading to a current consensus rating of "Hold" and a target price of $115.48.
• Dollar General has announced a quarterly dividend of $0.59 per share, resulting in an annualized yield of 2.4%, with the payment date set for October 21st.

111 Capital acquired a new position in shares of Dollar General Corporation (NYSE:DG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,244 shares of the company's stock, valued at approximately $1,057,000.

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

Analysts Set New Price Targets

DG has been the subject of several recent analyst reports. Gordon Haskett dropped their target price on Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Dollar General in a report on Saturday, September 27th. The Goldman Sachs Group lowered Dollar General from a "buy" rating to a "neutral" rating and boosted their price target for the company from $115.00 to $116.00 in a report on Tuesday, June 24th. Truist Financial boosted their price target on Dollar General from $119.00 to $120.00 and gave the company a "hold" rating in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. boosted their price target on Dollar General from $95.00 to $109.00 and gave the company a "neutral" rating in a report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $115.48.

Dollar General Stock Down 1.3%

Dollar General stock opened at $100.07 on Friday. The business has a fifty day moving average of $108.26 and a two-hundred day moving average of $103.16. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The firm has a market cap of $22.03 billion, a P/E ratio of 18.53, a P/E/G ratio of 2.11 and a beta of 0.30. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.56 by $0.30. The company had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.Dollar General's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.4%. Dollar General's dividend payout ratio is presently 43.70%.

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.

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