Dollar General Corporation $DG Shares Purchased by Shell Asset Management Co.

Shell Asset Management Co. increased its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 63.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,496 shares of the company's stock after acquiring an additional 4,835 shares during the quarter. Shell Asset Management Co.'s holdings in Dollar General were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Investment Advisory LLC boosted 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 acquiring an additional 128 shares during the last quarter. Mountain Hill Investment Partners Corp. boosted 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 last quarter. Golden State Wealth Management LLC boosted its position 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 valued at $48,000 after acquiring an additional 342 shares during the last quarter. CVA Family Office LLC raised its holdings in Dollar General by 39.4% in 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 during the period. Finally, Larson Financial Group LLC raised its holdings in Dollar General by 384.3% in the 1st 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. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Stock Up 1.9%

Shares of NYSE:DG opened at $98.20 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The firm has a market capitalization of $21.61 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.03 and a beta of 0.30. The firm's 50-day moving average is $107.75 and its two-hundred day moving average is $103.32. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95.

Dollar General (NYSE:DG - Get Free Report) last issued 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. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same period in the prior year, the firm earned $1.70 earnings per share. The business'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. Analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently issued reports on DG. Wells Fargo & Company boosted their price objective 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. Weiss Ratings restated a "hold (c-)" rating on shares of Dollar General in a report on Saturday, September 27th. Gordon Haskett reduced their price objective on shares of Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. Raymond James Financial boosted their price objective on shares of Dollar General from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Finally, Evercore ISI reduced their price objective on shares of Dollar General from $114.00 to $112.00 and set an "in-line" rating on the stock in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $115.40.

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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