4,595 Shares in Dollar General Corporation $DG Purchased by Contravisory Investment Management Inc.

Key Points

• Contravisory Investment Management Inc. acquired 4,595 shares of Dollar General, valued at approximately $526,000, marking a new position in the company during the second quarter.
• Dollar General reported a quarterly earnings per share (EPS) of $1.86, exceeding analysts' expectations of $1.56, and achieved a revenue of $10.73 billion for the quarter.
• The company announced a quarterly dividend of $0.59, with an upcoming ex-dividend date of October 7th, representing an annual yield of 2.2% and a payout ratio of 43.70%.

Contravisory Investment Management Inc. acquired a new position in Dollar General Corporation (NYSE:DG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,595 shares of the company's stock, valued at approximately $526,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ancora Advisors LLC lifted its stake in Dollar General by 1.7% in the 1st quarter. Ancora Advisors LLC now owns 7,258 shares of the company's stock worth $638,000 after acquiring an additional 122 shares in the last quarter. Harbor Investment Advisory LLC increased its stake in shares of Dollar General by 35.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company's stock valued at $56,000 after buying an additional 128 shares during the period. Eagle Rock Investment Company LLC lifted its holdings in shares of Dollar General by 0.5% in the first quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock valued at $2,548,000 after purchasing an additional 156 shares in the last quarter. CVA Family Office LLC increased its position in Dollar General by 39.4% during the first 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, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Dollar General by 18.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,056 shares of the company's stock valued at $121,000 after acquiring an additional 163 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Price Performance

Shares of DG traded down $0.79 during midday trading on Monday, reaching $101.32. The stock had a trading volume of 1,524,571 shares, compared to its average volume of 3,700,600. The company has a market capitalization of $22.30 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.15 and a beta of 0.29. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The firm's 50 day moving average price is $109.84 and its 200-day moving average price is $101.77. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95.

Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.56 by $0.30. The business 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 revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $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 Announces Dividend

The company 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 is 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

DG has been the topic of several recent analyst reports. Truist Financial lifted their target price on shares of Dollar General from $119.00 to $120.00 and gave the stock a "hold" rating in a research report on Friday, August 29th. Morgan Stanley lifted their price target on shares of Dollar General from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. Raymond James Financial boosted their price objective on shares of Dollar General from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Loop Capital upped their price objective on shares of Dollar General from $110.00 to $120.00 and gave the stock a "hold" rating in a research report on Thursday, July 10th. Finally, Guggenheim reaffirmed a "buy" rating and set a $125.00 target price on shares of 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 assigned a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $114.52.

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.