ASR Vermogensbeheer N.V. Acquires 2,605 Shares of Dollar General Corporation $DG

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Dollar General by 7.3%, owning 38,298 shares valued at $4.38 million after acquiring an additional 2,605 shares.
• Dollar General reports a quarterly earnings per share of $1.86, significantly surpassing analysts' expectations, alongside a revenue increase of 5.1% year-over-year.
• The company recently announced a quarterly dividend of $0.59, resulting in an annualized dividend of $2.36 and a dividend yield of 2.4%.

ASR Vermogensbeheer N.V. grew its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 7.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,298 shares of the company's stock after buying an additional 2,605 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Dollar General were worth $4,380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Mountain Hill Investment Partners Corp. grew its holdings in shares of Dollar General by 66.7% in the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after purchasing an additional 200 shares during the last quarter. Golden State Wealth Management LLC boosted its position in Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after acquiring an additional 342 shares in the last quarter. CVA Family Office LLC boosted its position in shares of Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after purchasing an additional 161 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Dollar General by 384.3% during the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company's stock valued at $54,000 after buying an additional 488 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company's stock worth $56,000 after acquiring an additional 128 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DG shares. Gordon Haskett dropped their target price on Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. Raymond James Financial upped their price target 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. JPMorgan Chase & Co. upped their target price on shares of Dollar General from $95.00 to $109.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 16th. Evercore ISI dropped their target price on shares of Dollar General from $118.00 to $114.00 and set an "in-line" rating on the stock in a research note on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Dollar General in a research note on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat.com, Dollar General presently has an average rating of "Hold" and an average price target of $115.48.

Dollar General Price Performance

NYSE DG opened at $100.07 on Friday. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $117.95. The business's fifty day moving average price is $108.26 and its 200-day moving average price is $103.01. 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 stock has a market capitalization of $22.03 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.13 and a beta of 0.30.

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, beating analysts' consensus estimates of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the prior year, the company earned $1.70 earnings per share. Dollar General'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. On average, equities analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.4%. Dollar General's dividend payout ratio (DPR) 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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