Banque Pictet & Cie SA Has $14.12 Million Position in Dollar General Corporation $DG

Key Points

• Banque Pictet & Cie SA reduced its stake in Dollar General by 12.3%, holding approximately 123,484 shares worth $14.12 million at the end of the second quarter.
• Several large investors altered their positions in Dollar General, with 91.77% of the stock now owned by institutional investors.
• Dollar General reported earnings of $1.86 per share, surpassing estimates, and announced a quarterly dividend of $0.59 per share to be paid on October 21st.

Banque Pictet & Cie SA lessened its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 12.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 123,484 shares of the company's stock after selling 17,358 shares during the quarter. Banque Pictet & Cie SA owned approximately 0.06% of Dollar General worth $14,124,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new stake in shares of Dollar General in the 4th quarter valued at $31,000. Harbor Investment Advisory LLC raised its holdings in Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company's stock valued at $56,000 after buying an additional 128 shares in the last quarter. Mountain Hill Investment Partners Corp. lifted its position 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 buying an additional 200 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of Dollar General by 170.1% in the first 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. Finally, CVA Family Office LLC boosted its stake in shares of 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 acquiring an additional 161 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DG shares. Oppenheimer raised Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price objective on the stock in a research note on Wednesday, June 4th. The Goldman Sachs Group cut shares of Dollar General from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $115.00 to $116.00 in a research note on Tuesday, June 24th. Barclays raised their target price on shares of Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Telsey Advisory Group set a $123.00 target price on shares of Dollar General in a research report on Friday, August 29th. Finally, Cfra Research upgraded shares of Dollar General to a "hold" rating in a report on Tuesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $115.50.

Dollar General Stock Performance

NYSE DG opened at $102.99 on Friday. The company's fifty day moving average is $109.11 and its two-hundred day moving average is $102.08. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $117.95. 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 has a market capitalization of $22.67 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 2.20 and a beta of 0.29.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share 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 analysts' expectations of $10.68 billion. During the same quarter last year, the company earned $1.70 earnings per share. The firm'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. Equities research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

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