Dollar General Corporation $DG Stake Lifted by Sather Financial Group Inc

Key Points

• Sather Financial Group Inc has increased its stake in Dollar General Corporation by 5.8%, owning a total of 584,443 shares, which represents approximately 0.27% of the company valued at $66.8 million.
• Dollar General reported a positive quarterly earnings result for Q2, with earnings per share of $1.86, surpassing estimates by $0.30, and revenue of $10.73 billion, reflecting a 5.1% year-over-year increase.
• A quarterly dividend of $0.59 per share has been announced, with a payment date set for October 21, yielding an annualized return of 2.4%.

Sather Financial Group Inc increased its stake in Dollar General Corporation (NYSE:DG - Free Report) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 584,443 shares of the company's stock after acquiring an additional 32,152 shares during the period. Dollar General makes up 3.9% of Sather Financial Group Inc's investment portfolio, making the stock its 7th largest position. Sather Financial Group Inc owned about 0.27% of Dollar General worth $66,849,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of DG. Sowell Financial Services LLC acquired a new position in shares of Dollar General in the 1st quarter valued at $280,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Dollar General by 4.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company's stock valued at $2,424,000 after purchasing an additional 1,102 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Dollar General by 48.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company's stock valued at $288,000 after purchasing an additional 1,081 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new position in shares of Dollar General in the 1st quarter valued at $879,000. Finally, Ballentine Partners LLC acquired a new position in shares of Dollar General in the 1st quarter valued at $411,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Loop Capital lifted their price target on shares of Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a report on Thursday, July 10th. Weiss Ratings reissued a "hold (c-)" rating on shares of Dollar General in a research note on Saturday, September 27th. UBS Group raised their target price on shares of Dollar General from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, August 29th. The Goldman Sachs Group downgraded shares of Dollar General from a "buy" rating to a "neutral" rating and raised their target price for the company from $115.00 to $116.00 in a research note on Tuesday, June 24th. Finally, Piper Sandler raised their target price on shares of Dollar General from $115.00 to $117.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $115.40.

Dollar General Price Performance

DG opened at $99.38 on Friday. The company has a fifty day simple moving average of $107.44 and a 200 day simple moving average of $103.68. The firm has a market cap of $21.88 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 2.09 and a beta of 0.30. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.30. The business had revenue of $10.73 billion during 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 revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

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