Dollar General Corporation $DG Shares Bought by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR increased its position in Dollar General Corporation by 516.6% during the second quarter, ending with 27,569 shares valued at approximately $3,153,000.
• The company reported a quarterly EPS of $1.86, surpassing analysts' expectations of $1.56, with a revenue of $10.73 billion for the quarter.
• Dollar General recently declared a quarterly dividend of $0.59 per share, representing a annualized dividend yield of 2.3%.

Generali Asset Management SPA SGR grew its position in Dollar General Corporation (NYSE:DG - Free Report) by 516.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,569 shares of the company's stock after purchasing an additional 23,098 shares during the period. Generali Asset Management SPA SGR's holdings in Dollar General were worth $3,153,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DG. GAMMA Investing LLC increased its holdings in shares of Dollar General by 23.0% in the first quarter. GAMMA Investing LLC now owns 6,068 shares of the company's stock valued at $534,000 after purchasing an additional 1,136 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Dollar General by 84.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,351 shares of the company's stock valued at $1,965,000 after purchasing an additional 10,209 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Dollar General by 475.7% in the first quarter. Exchange Traded Concepts LLC now owns 16,292 shares of the company's stock valued at $1,433,000 after purchasing an additional 13,462 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Dollar General by 12.9% in the first quarter. Janney Montgomery Scott LLC now owns 158,072 shares of the company's stock valued at $13,899,000 after purchasing an additional 18,119 shares during the period. Finally, Sowell Financial Services LLC acquired a new position in shares of Dollar General in the first quarter valued at about $280,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DG has been the topic of a number of recent analyst reports. Truist Financial increased their price target on Dollar General from $119.00 to $120.00 and gave the stock a "hold" rating in a research report on Friday, August 29th. Wolfe Research initiated coverage on Dollar General in a research report on Thursday, September 18th. They set an "outperform" rating and a $139.00 price target on the stock. Evercore ISI lowered their price target on Dollar General from $114.00 to $112.00 and set an "in-line" rating on the stock in a research report on Tuesday, October 7th. JPMorgan Chase & Co. increased their target price on Dollar General from $95.00 to $109.00 and gave the company a "neutral" rating in a report on Tuesday, September 16th. Finally, The Goldman Sachs Group cut Dollar General from a "buy" rating to a "neutral" rating and increased their target price for the company from $115.00 to $116.00 in a report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat, Dollar General has an average rating of "Hold" and an average price target of $115.40.

Dollar General Price Performance

Shares of DG opened at $103.87 on Friday. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The stock's 50 day moving average is $106.75 and its two-hundred day moving average is $104.02. The firm has a market capitalization of $22.86 billion, a PE ratio of 19.24, a P/E/G ratio of 2.24 and a beta of 0.30. 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 (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, 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 company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the previous year, the company earned $1.70 EPS. The firm'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. Research analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 2.3%. Dollar General's payout ratio 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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