MBB Public Markets I LLC Makes New $337,000 Investment in Dollar General Corporation $DG

Key Points

• MBB Public Markets I LLC has acquired a new stake in Dollar General, purchasing 3,834 shares valued at approximately $337,000.
• Several major investors, including Vanguard Group Inc. and Pzena Investment Management LLC, have increased their holdings in Dollar General during the first quarter.
• Dollar General recently reported earnings of $1.86 EPS for the quarter, exceeding predictions, and announced a quarterly dividend of $0.59 per share, with a yield of 2.2%.

MBB Public Markets I LLC acquired a new stake in Dollar General Corporation (NYSE:DG - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,834 shares of the company's stock, valued at approximately $337,000.

Several other large investors also recently modified their holdings of the stock. Ameriflex Group Inc. bought a new stake in Dollar General during the 4th quarter worth approximately $31,000. Mountain Hill Investment Partners Corp. grew its position in Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after acquiring an additional 200 shares during the last quarter. Golden State Wealth Management LLC grew its position in Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $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% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after acquiring an additional 161 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in Dollar General during the 4th quarter worth approximately $52,000. 91.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DG has been the topic of a number of research analyst reports. Morgan Stanley increased their price target on Dollar General from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Sanford C. Bernstein upped their price objective on Dollar General from $122.00 to $134.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Raymond James Financial upped their price objective on Dollar General from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Citigroup upped their price objective on Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. upped their price objective on Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Dollar General has an average rating of "Hold" and a consensus target price of $112.92.

Dollar General Trading Down 1.0%

Dollar General stock traded down $1.07 during mid-day trading on Friday, hitting $104.32. 2,557,185 shares of the company's stock were exchanged, compared to its average volume of 3,056,586. The firm has a market capitalization of $22.96 billion, a P/E ratio of 19.32, a PEG ratio of 2.22 and a beta of 0.29. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week 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 company's 50 day simple moving average is $110.69 and its 200-day simple moving average is $100.32.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.56 by $0.30. The business had revenue of $10.73 billion for 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%.The firm's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, equities analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend 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 presently 43.70%.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 1,969 shares of the firm's stock in a transaction 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 sale, the executive vice president owned 46,563 shares of the company's stock, valued at approximately $5,261,619. This trade represents a 4.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.56% of the company's stock.

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.