Czech National Bank Buys 3,249 Shares of Dollar General Corporation $DG

Key Points

• The Czech National Bank increased its stake in Dollar General Corporation by 6.4%, owning a total of 53,762 shares valued at approximately $6.15 million.
• Dollar General's recent quarterly earnings showed an EPS of $1.86, exceeding analysts' expectations and marking a 5.1% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.59 per share with an annualized yield of 2.2%, set to be paid on October 21st.

Czech National Bank grew its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 6.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,762 shares of the company's stock after purchasing an additional 3,249 shares during the period. Czech National Bank's holdings in Dollar General were worth $6,149,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in DG. Ameriflex Group Inc. bought a new position in Dollar General during the 4th quarter worth $31,000. Mountain Hill Investment Partners Corp. lifted its position in shares of Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after acquiring an additional 200 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after purchasing an additional 342 shares in the last quarter. CVA Family Office LLC increased its position 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 worth $50,000 after purchasing an additional 161 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new position in Dollar General in the fourth quarter valued at about $52,000. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DG shares. Raymond James Financial increased their price objective on shares of Dollar General from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Bank of America upped their price target on shares of Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Jefferies Financial Group reiterated a "buy" rating on shares of Dollar General in a research report on Tuesday, June 3rd. Loop Capital boosted their price objective on shares of Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a research report on Thursday, July 10th. Finally, Barclays raised their target price on Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Dollar General has an average rating of "Hold" and a consensus target price of $114.52.

Dollar General Price Performance

Shares of NYSE:DG traded down $0.11 during trading on Monday, hitting $102.00. 3,549,247 shares of the company were exchanged, compared to its average volume of 3,296,188. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $117.95. The company has a market capitalization of $22.45 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 2.15 and a beta of 0.29. 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 business's 50 day moving average is $109.59 and its 200-day moving average is $101.91.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company had revenue of $10.73 billion for the quarter, compared to analysts' expectations of $10.68 billion. During the same period in the previous year, the business posted $1.70 earnings per share. The business's quarterly revenue 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. Equities analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders 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 of this dividend is Tuesday, October 7th. Dollar General's payout ratio is presently 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.