Fort Washington Investment Advisors Inc. OH Grows Stock Holdings in Dollar General Corporation $DG

Key Points

• Fort Washington Investment Advisors Inc. OH increased its stake in Dollar General by 1.5%, owning 314,057 shares valued at approximately $35.92 million as of the end of the second quarter.
• Various institutional investors, including Vanguard and Pzena Investment Management, have also raised their holdings in Dollar General during the first quarter, with institutional ownership now at 91.77%.
• Dollar General announced a quarterly dividend of $0.59 per share, representing a 2.3% yield, with the ex-dividend date set for October 7th.

Fort Washington Investment Advisors Inc. OH lifted its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 1.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 314,057 shares of the company's stock after buying an additional 4,623 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.14% of Dollar General worth $35,922,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Dollar General by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock valued at $2,324,271,000 after acquiring an additional 1,201,917 shares during the last quarter. Pzena Investment Management LLC increased its holdings in Dollar General by 8.5% in the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock valued at $1,122,914,000 after acquiring an additional 1,003,206 shares during the last quarter. ACR Alpine Capital Research LLC increased its holdings in Dollar General by 3.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company's stock valued at $369,081,000 after acquiring an additional 155,966 shares during the last quarter. Invesco Ltd. increased its holdings in Dollar General by 2.6% in the 1st quarter. Invesco Ltd. now owns 3,469,568 shares of the company's stock valued at $305,079,000 after acquiring an additional 89,067 shares during the last quarter. Finally, Baupost Group LLC MA increased its holdings in Dollar General by 2.1% in the 1st quarter. Baupost Group LLC MA now owns 2,104,876 shares of the company's stock valued at $185,082,000 after acquiring an additional 44,076 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Cfra Research upgraded shares of Dollar General to a "hold" rating in a report on Tuesday, June 3rd. Jefferies Financial Group reiterated a "buy" rating on shares of Dollar General in a report on Tuesday, June 3rd. Wolfe Research assumed coverage on shares of Dollar General in a report on Thursday, September 18th. They issued an "outperform" rating and a $139.00 target price on the stock. Loop Capital boosted their target price 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. Finally, Evercore ISI reduced their target price on shares of Dollar General from $118.00 to $114.00 and set an "in-line" rating on the stock in a report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, Dollar General currently has a consensus rating of "Hold" and a consensus price target of $115.48.

Dollar General Stock Performance

Shares of NYSE:DG opened at $102.06 on Friday. The company has a market capitalization of $22.46 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 2.15 and a beta of 0.29. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The firm's 50-day moving average is $108.95 and its 200 day moving average is $102.43. 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 issued its quarterly earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating the consensus estimate 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%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Research analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors 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 2.3%. The ex-dividend date is Tuesday, October 7th. Dollar General's dividend payout ratio is presently 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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