Dollar General Corporation $DG Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. reduced its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 66.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,267 shares of the company's stock after selling 6,604 shares during the period. Johnson Investment Counsel Inc.'s holdings in Dollar General were worth $374,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DG. Farther Finance Advisors LLC lifted its position in Dollar General by 48.9% in the first quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company's stock valued at $288,000 after acquiring an additional 1,081 shares during the last quarter. GAMMA Investing LLC lifted its position in 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 acquiring an additional 1,136 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in 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 acquiring an additional 10,209 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in Dollar General in the first quarter valued at $879,000. Finally, Exchange Traded Concepts LLC lifted its position in 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 acquiring an additional 13,462 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DG. Wolfe Research assumed coverage on shares of Dollar General in a research report on Thursday, September 18th. They issued an "outperform" rating and a $139.00 price target for the company. Raymond James Financial boosted their price target 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. Wells Fargo & Company upped their target price on shares of Dollar General from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Truist Financial upped their target price on shares of Dollar General from $119.00 to $120.00 and gave the stock a "hold" rating in a research report on Friday, August 29th. Finally, UBS Group increased their price target on shares of Dollar General from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Dollar General has an average rating of "Hold" and a consensus price target of $115.40.

Dollar General Stock Performance

NYSE:DG opened at $106.35 on Thursday. 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 has a market cap of $23.41 billion, a P/E ratio of 19.69, a P/E/G ratio of 2.18 and a beta of 0.30. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95. The firm's 50 day moving average is $106.98 and its two-hundred day moving average is $103.92.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. Dollar General's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.2%. Dollar General's dividend payout ratio is presently 43.70%.

About Dollar General

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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