BOCHK Asset Management Ltd Purchases Shares of 5,300 Dollar General Corporation $DG

Key Points

• BOCHK Asset Management Ltd purchased 5,300 shares of Dollar General Corporation, valued at approximately $606,000, making it the fund's 20th largest holding.
• The company's latest earnings report showed an EPS of $1.86, exceeding analysts' expectations, with a revenue of $10.73 billion for the quarter.
• Dollar General will pay a quarterly dividend of $0.59 per share on October 21st, reflecting an annualized yield of 2.4%.

BOCHK Asset Management Ltd purchased a new stake in Dollar General Corporation (NYSE:DG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,300 shares of the company's stock, valued at approximately $606,000. Dollar General makes up about 0.2% of BOCHK Asset Management Ltd's investment portfolio, making the stock its 20th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ancora Advisors LLC raised its position in shares of Dollar General by 1.7% in the first quarter. Ancora Advisors LLC now owns 7,258 shares of the company's stock worth $638,000 after buying an additional 122 shares in the last quarter. Harbor Investment Advisory LLC raised its position in shares of Dollar General by 35.2% during the 2nd 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. Eagle Rock Investment Company LLC raised its position in shares of Dollar General by 0.5% during the 1st quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock valued at $2,548,000 after buying an additional 156 shares in the last quarter. CVA Family Office LLC raised its position 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 valued at $50,000 after buying an additional 161 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Dollar General by 18.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,056 shares of the company's stock valued at $121,000 after buying an additional 163 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Price Performance

Shares of Dollar General stock opened at $99.68 on Thursday. The firm has a market cap of $21.94 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.18 and a beta of 0.30. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The company's fifty day simple moving average is $108.53 and its two-hundred day simple moving average is $102.74.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.30. The business had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, equities analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.4%. Dollar General's payout ratio is presently 43.70%.

Wall Street Analysts Forecast Growth

DG has been the topic of several research reports. Gordon Haskett lowered their price objective on shares of Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. JPMorgan Chase & Co. raised their price objective on shares of Dollar General from $95.00 to $109.00 and gave the company a "neutral" rating in a research report on Tuesday, September 16th. Guggenheim restated a "buy" rating and set a $125.00 price objective on shares of Dollar General in a research report on Friday, August 29th. KeyCorp reaffirmed a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Finally, Wells Fargo & Company increased their target price on shares of Dollar General from $105.00 to $115.00 and gave the company an "equal weight" rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, Dollar General presently has an average rating of "Hold" and a consensus target price of $115.48.

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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