Bontempo Ohly Capital Mgmt LLC Takes Position in Dollar General Corporation $DG

Key Points

Error: Response status code does not indicate success: 503 (Service Unavailable).

Bontempo Ohly Capital Mgmt LLC acquired a new stake in Dollar General Corporation (NYSE:DG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 56,386 shares of the company's stock, valued at approximately $4,958,000. Dollar General makes up about 2.4% of Bontempo Ohly Capital Mgmt LLC's portfolio, making the stock its 3rd largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriflex Group Inc. purchased a new stake in shares of Dollar General in the 4th quarter valued at about $31,000. Mountain Hill Investment Partners Corp. lifted its stake 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 buying an additional 200 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings 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 acquiring an additional 342 shares during the period. CVA Family Office LLC grew 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 worth $50,000 after acquiring an additional 161 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Dollar General by 384.3% during the first quarter. Larson Financial Group LLC now owns 615 shares of the company's stock worth $54,000 after acquiring an additional 488 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DG. Evercore ISI upped their price target on shares of Dollar General from $118.00 to $120.00 and gave the company an "in-line" rating in a research report on Tuesday, August 12th. Telsey Advisory Group set a $123.00 target price on shares of Dollar General in a research note on Friday, August 29th. UBS Group raised their price target on Dollar General from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Bank of America upped their price objective on Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley lifted their target price on Dollar General from $115.00 to $125.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dollar General has a consensus rating of "Hold" and a consensus price target of $112.92.

Dollar General Price Performance

Shares of DG traded down $1.07 during mid-day trading on Friday, hitting $104.32. The company's stock had a trading volume of 2,557,185 shares, compared to its average volume of 3,021,551. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $117.95. The firm has a market capitalization of $22.96 billion, a P/E ratio of 19.32, a P/E/G ratio of 2.20 and a beta of 0.29. The firm has a 50-day simple moving average of $110.69 and a 200 day simple moving average of $100.69.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. Dollar General's quarterly 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. Analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a yield of 2.3%. Dollar General's payout ratio is currently 43.70%.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the transaction, the executive vice president directly owned 46,563 shares in the company, valued at approximately $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.56% of the company's stock.

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.