MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Acquires Shares of 27,359 Dollar General Corporation $DG

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH has acquired 27,359 shares of Dollar General Corporation, worth approximately $3,129,000.
• The company's quarterly earnings report revealed an EPS of $1.86, exceeding analysts' expectations, along with revenue growth of 5.1% year-over-year.
• Dollar General declared a quarterly dividend of $0.59, which will be paid on October 21st, representing an annualized yield of 2.3%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in shares of Dollar General Corporation (NYSE:DG - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 27,359 shares of the company's stock, valued at approximately $3,129,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its stake in shares of Dollar General by 5,440.2% in the first quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company's stock worth $139,155,000 after buying an additional 1,554,004 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Dollar General by 251.6% in the first quarter. Royal Bank of Canada now owns 2,035,524 shares of the company's stock worth $178,983,000 after buying an additional 1,456,549 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Dollar General by 4.8% in the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock worth $2,324,271,000 after buying an additional 1,201,917 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Dollar General by 8.5% in the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock worth $1,122,914,000 after buying an additional 1,003,206 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Dollar General by 10,718.3% in the first quarter. GAMMA Investing LLC now owns 533,559 shares of the company's stock worth $46,916,000 after buying an additional 528,627 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Trading Up 0.8%

Shares of DG stock opened at $104.48 on Thursday. 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 market capitalization of $23.00 billion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 2.18 and a beta of 0.29. The company has a 50 day moving average price of $109.24 and a 200 day moving average price of $101.94. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the previous year, the firm earned $1.70 earnings per share. The firm's quarterly revenue was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal 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 paid a $0.59 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a yield of 2.3%. Dollar General's payout ratio is currently 43.70%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DG shares. JPMorgan Chase & Co. raised their price target on shares of Dollar General from $95.00 to $109.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 16th. Guggenheim restated a "buy" rating and set a $125.00 price objective on shares of Dollar General in a research report on Friday, August 29th. Jefferies Financial Group reiterated a "buy" rating on shares of Dollar General in a research report on Tuesday, June 3rd. Citigroup lifted their price target on shares of Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Finally, Cfra Research upgraded shares of Dollar General to a "hold" rating in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $115.50.

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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