Dollar General Corporation $DG Stake Boosted by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in Dollar General Corporation by 96.9%, owning 77,448 shares valued at approximately $8.86 million.
• The company reported earnings of $1.86 per share, surpassing analyst expectations, and had a revenue of $10.73 billion for the quarter.
• Dollar General has announced a quarterly dividend of $0.59 per share, with a yield of 2.4% and a dividend payout ratio of 43.70%.

Knights of Columbus Asset Advisors LLC increased its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 96.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,448 shares of the company's stock after acquiring an additional 38,121 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Dollar General were worth $8,859,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DG. Mountain Hill Investment Partners Corp. lifted its holdings 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 buying an additional 200 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in Dollar General by 170.1% in the first 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 grew its position in 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 acquiring an additional 161 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Dollar General by 384.3% during the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company's stock worth $54,000 after purchasing an additional 488 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings 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 purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Stock Down 1.3%

Shares of DG stock opened at $100.07 on Monday. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. 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 firm has a market cap of $22.03 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 2.11 and a beta of 0.30. The stock has a 50 day moving average of $108.26 and a 200-day moving average of $103.31.

Dollar General (NYSE:DG - Get Free Report) last announced its 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. The business had revenue of $10.73 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, equities analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

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 given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a yield of 2.4%. Dollar General's dividend payout ratio (DPR) is 43.70%.

Analyst Ratings Changes

DG has been the subject of a number of recent research reports. Loop Capital upped their price objective on shares of Dollar General from $110.00 to $120.00 and gave the stock a "hold" rating in a report on Thursday, July 10th. Evercore ISI lowered their price objective on Dollar General from $118.00 to $114.00 and set an "in-line" rating on the stock in a report on Tuesday, September 23rd. Morgan Stanley raised their price objective on Dollar General from $115.00 to $125.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Dollar General in a research report on Saturday, September 27th. Finally, UBS Group lifted 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 research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $115.48.

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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