22,368 Shares in Dollar General Corporation $DG Bought by Katamaran Capital LLP

Key Points

• Katamaran Capital LLP has acquired 22,368 shares of Dollar General Corporation, valued at approximately $2.55 million, representing 2.4% of its portfolio as of the 2nd quarter.
• Dollar General recently announced a quarterly dividend of $0.59 per share, with an annualized dividend yield of 2.4%, reflecting a payout ratio of 43.70%.
• Analysts have adjusted their price targets for Dollar General, with Barclays setting a new target of $127.00, while the stock has an average rating of "Hold" and a consensus target price of $115.40.

Katamaran Capital LLP bought a new position in shares of Dollar General Corporation (NYSE:DG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 22,368 shares of the company's stock, valued at approximately $2,558,000. Dollar General comprises 2.4% of Katamaran Capital LLP's holdings, making the stock its 18th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC grew its stake 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 buying an additional 128 shares during the last quarter. Mountain Hill Investment Partners Corp. grew its stake in Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after buying an additional 200 shares during the last quarter. Golden State Wealth Management LLC grew its stake in Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after buying an additional 342 shares during the last quarter. CVA Family Office LLC grew its stake in Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after buying an additional 161 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in Dollar General by 384.3% during the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company's stock worth $54,000 after buying an additional 488 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on DG shares. Piper Sandler boosted their price target on Dollar General from $115.00 to $117.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. Truist Financial boosted their price target on Dollar General from $119.00 to $120.00 and gave the company a "hold" rating in a research note on Friday, August 29th. Barclays boosted their price target on Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Gordon Haskett dropped their price target on Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. Finally, Telsey Advisory Group set a $123.00 price target on Dollar General in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $115.40.

Dollar General Stock Performance

NYSE DG opened at $98.72 on Friday. The stock has a market capitalization of $21.73 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 2.07 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. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average of $107.62 and a 200 day moving average of $103.43.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly 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 analysts' expectations of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.Dollar General's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Sell-side analysts anticipate that Dollar General Corporation will post 5.75 EPS 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. Investors of record on Tuesday, October 7th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a yield of 2.4%. Dollar General's dividend payout ratio is presently 43.70%.

About Dollar General

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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