Dollar General Corporation $DG Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in Dollar General Corporation (NYSE:DG - Free Report) by 49.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,841 shares of the company's stock after selling 13,726 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Dollar General were worth $1,583,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Harbor Investment Advisory LLC raised its holdings in Dollar General by 35.2% in the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company's stock valued at $56,000 after buying an additional 128 shares during the period. Mountain Hill Investment Partners Corp. grew its position in shares of Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after buying an additional 200 shares in the last quarter. Golden State Wealth Management LLC grew its position in shares of Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after buying an additional 342 shares in the last quarter. 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 buying an additional 161 shares in 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 buying an additional 488 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DG shares. Wolfe Research started coverage on shares of Dollar General in a research report on Thursday, September 18th. They set an "outperform" rating and a $139.00 price target for the company. Evercore ISI decreased their price target on shares of Dollar General from $114.00 to $112.00 and set an "in-line" rating for the company in a research report on Tuesday. Gordon Haskett decreased their price target on shares of Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. Raymond James Financial raised their price target on shares of Dollar General from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Finally, Truist Financial raised their price target 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. One 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 company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $115.40.

Dollar General Stock Performance

Dollar General stock opened at $96.40 on Wednesday. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The company has a market cap of $21.22 billion, a PE ratio of 17.85, a P/E/G ratio of 2.07 and a beta of 0.30. 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 company has a fifty day moving average price of $107.89 and a two-hundred day moving average price of $103.36.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the previous year, the company posted $1.70 earnings per share. The company'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 expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

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 issued 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 2.4%. Dollar General's payout ratio is 43.70%.

Dollar General 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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