Aberdeen Group plc Increases Holdings in Dollar General Corporation $DG

Key Points

• Aberdeen Group plc increased its stake in Dollar General Corporation by 4.6%, now owning about 0.07% of the company valued at $16.66 million.
• Analyst price targets for Dollar General have been raised, with JPMorgan increasing its objective from $95.00 to $109.00, and several firms assigning ratings between "Buy" and "Outperform."
• Dollar General announced a quarterly dividend of $0.59 per share, with a payout ratio of 43.70% and a dividend yield of 2.3%.

Aberdeen Group plc raised its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 145,642 shares of the company's stock after buying an additional 6,358 shares during the period. Aberdeen Group plc owned about 0.07% of Dollar General worth $16,659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DG. Pacer Advisors Inc. increased its stake in shares of Dollar General by 5,440.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company's stock worth $139,155,000 after purchasing an additional 1,554,004 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Dollar General by 251.6% in the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company's stock worth $178,983,000 after purchasing an additional 1,456,549 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Dollar General by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock worth $2,324,271,000 after purchasing an additional 1,201,917 shares in the last quarter. Pzena Investment Management LLC increased its stake in shares of Dollar General by 8.5% in the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock worth $1,122,914,000 after purchasing an additional 1,003,206 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Dollar General in the 1st quarter worth $41,798,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DG shares. JPMorgan Chase & Co. upped their price objective on Dollar General from $95.00 to $109.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 16th. Telsey Advisory Group set a $123.00 price objective on Dollar General in a research note on Friday, August 29th. Sanford C. Bernstein increased their price target on Dollar General from $122.00 to $134.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Wolfe Research assumed coverage on Dollar General in a research note on Thursday, September 18th. They issued an "outperform" rating and a $139.00 price target for the company. Finally, Truist Financial increased their price target on Dollar General from $119.00 to $120.00 and gave the stock a "hold" rating 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 sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of "Hold" and an average price target of $115.40.

Dollar General Stock Up 1.9%

DG opened at $103.82 on Wednesday. The firm has a 50-day simple moving average of $107.12 and a two-hundred day simple moving average of $103.90. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95. The company has a market capitalization of $22.85 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 2.14 and a beta of 0.30. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating 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 business had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the prior year, the firm earned $1.70 EPS. The business's 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. Analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General's dividend payout ratio is 43.70%.

Dollar General 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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