Bayforest Capital Ltd Purchases 4,520 Shares of Dollar General Corporation $DG

Key Points

• Bayforest Capital Ltd increased its stake in Dollar General Corporation by 81.4%, purchasing an additional 4,520 shares, bringing its total holdings to 10,071 shares valued at approximately $1.15 million.
• Recently, several institutional investors have also raised their positions in Dollar General, with a total of 91.77% of shares currently owned by institutional investors.
• Dollar General reported a better-than-expected quarterly earnings with $1.86 EPS, exceeding estimates of $1.56, and a revenue of $10.73 billion, an increase of 5.1% compared to last year.

Bayforest Capital Ltd raised its position in Dollar General Corporation (NYSE:DG - Free Report) by 81.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,071 shares of the company's stock after purchasing an additional 4,520 shares during the quarter. Dollar General accounts for about 0.5% of Bayforest Capital Ltd's holdings, making the stock its 19th biggest holding. Bayforest Capital Ltd's holdings in Dollar General were worth $1,152,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DG. Mountain Hill Investment Partners Corp. raised its position in Dollar General by 66.7% in the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after purchasing an additional 200 shares during the last quarter. Golden State Wealth Management LLC increased its stake 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 valued at $48,000 after buying an additional 342 shares during the period. CVA Family Office LLC increased its stake in shares of Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after buying an additional 161 shares during the period. Larson Financial Group LLC increased its stake in shares of Dollar General by 384.3% in the first quarter. Larson Financial Group LLC now owns 615 shares of the company's stock valued at $54,000 after buying an additional 488 shares during the period. Finally, Harbor Investment Advisory LLC increased its stake in shares of Dollar General by 35.2% in 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 during the period. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DG has been the subject of several recent research reports. Raymond James Financial increased their price target on Dollar General from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. The Goldman Sachs Group cut Dollar General from a "buy" rating to a "neutral" rating and increased their price target for the company from $115.00 to $116.00 in a research note on Tuesday, June 24th. Telsey Advisory Group set a $123.00 price target on Dollar General in a research note on Friday, August 29th. Evercore ISI lowered their target price on Dollar General from $114.00 to $112.00 and set an "in-line" rating for the company in a report on Tuesday, October 7th. Finally, Barclays lifted their target price on Dollar General from $119.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, Dollar General currently has a consensus rating of "Hold" and a consensus price target of $115.40.

Dollar General Trading Up 2.6%

Shares of Dollar General stock opened at $101.84 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95. The stock has a 50 day moving average price of $107.26 and a two-hundred day moving average price of $103.90. The stock has a market capitalization of $22.42 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 2.09 and a beta of 0.30.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS 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 firm had revenue of $10.73 billion during the quarter, compared to analysts' expectations of $10.68 billion. During the same quarter last year, the firm posted $1.70 earnings per share. 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 analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm 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 dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, October 7th. Dollar General's dividend payout ratio (DPR) is 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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