Dollar General Corporation $DG Stake Boosted by OLD National Bancorp IN

Key Points

• OLD National Bancorp IN increased its stake in Dollar General Corporation by 38.0% during the 2nd quarter, now owning over 104,000 shares valued at approximately $11.9 million.
• Dollar General reported $1.86 earnings per share (EPS) for the last quarter, exceeding estimates by $0.30, with revenue reaching $10.73 billion.
• The company declared a dividend of $0.59 per share, reflecting a 2.4% yield, with a payout ratio of 43.70%.

OLD National Bancorp IN grew its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 38.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,061 shares of the company's stock after acquiring an additional 28,646 shares during the period. OLD National Bancorp IN's holdings in Dollar General were worth $11,902,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DG. Mountain Hill Investment Partners Corp. grew 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 acquiring an additional 200 shares in the last quarter. Golden State Wealth Management LLC raised its holdings 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 purchasing an additional 342 shares in the last quarter. CVA Family Office LLC raised its holdings in shares of Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after purchasing an additional 161 shares in the last quarter. Larson Financial Group LLC raised its holdings 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 valued at $54,000 after purchasing an additional 488 shares in 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. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Performance

NYSE DG opened at $100.07 on Friday. 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 $22.03 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 2.11 and a beta of 0.30. The company's fifty day moving average is $108.26 and its two-hundred day moving average is $103.16. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $117.95.

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 (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.30. The company 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%. The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the business posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, October 7th. Dollar General's dividend payout ratio (DPR) is currently 43.70%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DG. Truist Financial raised their price target on shares of Dollar General from $119.00 to $120.00 and gave the company a "hold" rating in a report on Friday, August 29th. Wells Fargo & Company raised their price target 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. Gordon Haskett cut their price target on shares of Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. UBS Group raised their price target on shares of Dollar General from $128.00 to $135.00 and gave the company a "buy" rating in a report on Friday, August 29th. Finally, Guggenheim restated a "buy" rating and set a $125.00 price target on shares of Dollar General in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $115.48.

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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