LVM Capital Management Ltd. MI Makes New $745,000 Investment in Dollar General Corporation $DG

Key Points

• LVM Capital Management Ltd. invested $745,000 in Dollar General, acquiring 6,510 shares in the 2nd quarter, highlighting significant institutional interest in the stock.
• Dollar General reported a 5.1% increase in revenue year-over-year and earnings per share (EPS) of $1.86, exceeding analyst estimates.
• The company announced a quarterly dividend of $0.59 per share, translating to an annual yield of 2.3%, with a payout ratio of 43.70%.

LVM Capital Management Ltd. MI purchased a new position in shares of Dollar General Corporation (NYSE:DG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,510 shares of the company's stock, valued at approximately $745,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DG. Two Sigma Investments LP increased its stake in Dollar General by 323.1% during the fourth quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock worth $178,491,000 after acquiring an additional 1,797,776 shares during the last quarter. Pacer Advisors Inc. increased its stake in Dollar General by 5,440.2% during the first quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company's stock worth $139,155,000 after acquiring an additional 1,554,004 shares during the last quarter. Royal Bank of Canada increased its stake in Dollar General by 251.6% during the first quarter. Royal Bank of Canada now owns 2,035,524 shares of the company's stock worth $178,983,000 after acquiring an additional 1,456,549 shares during the last quarter. Two Sigma Advisers LP increased its stake in Dollar General by 398.2% during the fourth quarter. Two Sigma Advisers LP now owns 1,756,799 shares of the company's stock worth $133,200,000 after acquiring an additional 1,404,200 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Dollar General by 4.8% during the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock worth $2,324,271,000 after acquiring an additional 1,201,917 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Trading Down 1.0%

Shares of DG opened at $104.32 on Friday. The company has a market capitalization of $22.96 billion, a P/E ratio of 19.32, a P/E/G ratio of 2.22 and a beta of 0.29. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. The stock has a 50-day moving average price of $110.69 and a 200 day moving average price of $100.32.

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 analysts' consensus estimates of $1.56 by $0.30. The firm had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.Dollar General's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Sell-side analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General's dividend payout ratio (DPR) is currently 43.70%.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the transaction, the executive vice president owned 46,563 shares of the company's stock, valued at $5,261,619. This trade represents a 4.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DG shares. Citigroup increased their target price on Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Loop Capital increased their target price on Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a research note on Thursday, July 10th. Guggenheim reiterated a "buy" rating and issued a $125.00 target price on shares of Dollar General in a research note on Friday, August 29th. Sanford C. Bernstein increased their target price on Dollar General from $122.00 to $134.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Finally, Wells Fargo & Company increased their target price on Dollar General from $105.00 to $115.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $112.92.

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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