Banyan Capital Management Inc. Acquires 3,982 Shares of Dollar General Corporation $DG

Key Points

• Banyan Capital Management Inc. has increased its holdings in Dollar General by 3.8% during the second quarter, now owning 108,089 shares valued at approximately $12.36 million.
• Dollar General reported earnings of $1.86 per share, exceeding analysts' expectations, with revenue of $10.73 billion, marking a 5.1% increase from the previous year.
• The company announced a quarterly dividend of $0.59 to be paid on October 21st, resulting in an annualized yield of 2.3%.

Banyan Capital Management Inc. lifted its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 3.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 108,089 shares of the company's stock after buying an additional 3,982 shares during the period. Dollar General comprises about 6.4% of Banyan Capital Management Inc.'s portfolio, making the stock its 7th biggest holding. Banyan Capital Management Inc.'s holdings in Dollar General were worth $12,363,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Sowell Financial Services LLC acquired a new position in Dollar General during the first quarter worth about $280,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Dollar General by 4.2% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company's stock valued at $2,424,000 after purchasing an additional 1,102 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Dollar General by 74.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company's stock worth $921,000 after purchasing an additional 5,171 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Dollar General by 48.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company's stock valued at $288,000 after purchasing an additional 1,081 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC bought a new position in Dollar General in the 1st quarter valued at approximately $879,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Price Performance

Shares of DG opened at $103.68 on Wednesday. The business has a 50-day moving average of $109.40 and a 200-day moving average of $101.93. 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 company has a market capitalization of $22.82 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 2.14 and a beta of 0.29. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95.

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 analysts' consensus estimates 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 posted $1.70 EPS. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, equities research analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced 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 payout ratio is presently 43.70%.

Analyst Ratings Changes

DG has been the subject of several research analyst reports. The Goldman Sachs Group downgraded shares of Dollar General from a "buy" rating to a "neutral" rating and upped their price target for the stock from $115.00 to $116.00 in a report on Tuesday, June 24th. JPMorgan Chase & Co. upped their target price on Dollar General from $95.00 to $109.00 and gave the stock a "neutral" rating in a report on Tuesday, September 16th. KeyCorp reiterated a "sector weight" rating on shares of Dollar General in a research report on Wednesday, June 4th. Guggenheim reissued a "buy" rating and set a $125.00 price target on shares of Dollar General in a research note on Friday, August 29th. Finally, Oppenheimer raised Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price objective for the company in a research note on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $115.50.

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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