11,400 Shares in Dollar General Corporation $DG Bought by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. acquired 11,400 shares of Dollar General Corporation valued at approximately $1.3 million, as reported in their 13F filing with the SEC.
• Recent analyst reports show a mix of ratings for Dollar General, with price targets increasing, including UBS raising it from $128 to $135 and Piper Sandler adjusting theirs from $115 to $117.
• The company has announced a quarterly dividend of $0.59 per share, representing a 2.2% yield, with a payout ratio currently at 43.70%.

Phoenix Financial Ltd. bought a new position in shares of Dollar General Corporation (NYSE:DG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,400 shares of the company's stock, valued at approximately $1,303,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cidel Asset Management Inc. raised its stake in Dollar General by 6.4% during the second quarter. Cidel Asset Management Inc. now owns 4,138 shares of the company's stock valued at $473,000 after purchasing an additional 250 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Dollar General during the second quarter valued at $51,631,000. Carmel Capital Partners LLC raised its stake in Dollar General by 9.3% during the second quarter. Carmel Capital Partners LLC now owns 24,251 shares of the company's stock valued at $2,774,000 after purchasing an additional 2,058 shares in the last quarter. Chevy Chase Trust Holdings LLC raised its stake in Dollar General by 0.8% during the second quarter. Chevy Chase Trust Holdings LLC now owns 116,276 shares of the company's stock valued at $13,300,000 after purchasing an additional 935 shares in the last quarter. Finally, Mattson Financial Services LLC purchased a new stake in Dollar General during the second quarter valued at $234,000. Institutional investors own 91.77% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on DG. Piper Sandler upped their price target on shares of Dollar General from $115.00 to $117.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. Loop Capital upped their price target on shares of Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a research note on Thursday, July 10th. UBS Group upped their price target on shares of Dollar General from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Guggenheim reissued a "buy" rating and issued a $125.00 target price on shares of Dollar General in a research note on Friday, August 29th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Dollar General in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $115.40.

Dollar General Stock Down 0.9%

Shares of Dollar General stock opened at $105.50 on Wednesday. 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 1 year low of $66.43 and a 1 year high of $117.95. The firm's 50-day moving average is $106.18 and its two-hundred day moving average is $104.42. The stock has a market cap of $23.22 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.24 and a beta of 0.30.

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

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, October 7th. 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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