MGO One Seven LLC Acquires 15,874 Shares of Dollar General Corporation $DG

Key Points

• MGO One Seven LLC increased its stake in Dollar General Corporation by 428.3%, acquiring an additional 15,874 shares, bringing its total holdings to 19,580 shares worth approximately $2.24 million.
• Dollar General reported better-than-expected earnings of $1.86 per share for the last quarter, exceeding analyst estimates by $0.30, with quarterly revenue growing by 5.1% year-over-year.
• The company declared a quarterly dividend of $0.59 per share, with an annualized yield of 2.3%, reflecting a current dividend payout ratio of 43.70%.

MGO One Seven LLC raised its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 428.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,580 shares of the company's stock after acquiring an additional 15,874 shares during the quarter. MGO One Seven LLC's holdings in Dollar General were worth $2,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of DG. Pacer Advisors Inc. raised its holdings in Dollar General by 5,440.2% during the 1st quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company's stock valued at $139,155,000 after acquiring an additional 1,554,004 shares during the period. Royal Bank of Canada grew its position in shares of Dollar General by 251.6% during the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company's stock valued at $178,983,000 after purchasing an additional 1,456,549 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Dollar General by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock valued at $2,324,271,000 after purchasing an additional 1,201,917 shares in the last quarter. Pzena Investment Management LLC grew its position in shares of Dollar General by 8.5% during 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 purchasing an additional 1,003,206 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Dollar General during the 1st quarter valued at $41,798,000. Institutional investors own 91.77% of the company's stock.

Dollar General Stock Up 1.9%

Shares of NYSE:DG opened at $103.82 on Wednesday. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $117.95. The firm has a fifty day moving average of $107.12 and a 200 day moving average of $103.90. The firm has a market capitalization of $22.85 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 2.14 and a beta of 0.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $10.68 billion. During the same period in the previous year, the business earned $1.70 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, research analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be given 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%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Telsey Advisory Group set a $123.00 price target on shares of Dollar General in a research report on Friday, August 29th. The Goldman Sachs Group lowered shares of Dollar General from a "buy" rating to a "neutral" rating and boosted their price target for the company from $115.00 to $116.00 in a research report on Tuesday, June 24th. Wells Fargo & Company boosted their price target on shares of Dollar General from $105.00 to $115.00 and gave the company an "equal weight" rating in a research report on Friday, August 29th. JPMorgan Chase & Co. boosted their price target on shares of Dollar General from $95.00 to $109.00 and gave the company a "neutral" rating in a research report on Tuesday, September 16th. Finally, Barclays boosted their price target on shares of Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $115.40.

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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