Whittier Trust Co. Buys 2,618 Shares of Dollar General Corporation $DG

Key Points

• Whittier Trust Co. increased its stake in Dollar General Corporation by 2.5% during Q2, owning 107,045 shares worth approximately $12.24 million as per latest SEC filings.
• Dollar General reported an EPS of $1.86, exceeding analyst expectations, and generated $10.73 billion in revenue for the quarter, reflecting a year-over-year increase of 5.1%.
• The company recently declared a quarterly dividend of $0.59 per share, resulting in an annualized yield of 2.2% and a payout ratio of 43.70%.

Whittier Trust Co. boosted its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,045 shares of the company's stock after acquiring an additional 2,618 shares during the quarter. Whittier Trust Co.'s holdings in Dollar General were worth $12,244,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DG. Mountain Hill Investment Partners Corp. grew its holdings 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 boosted its stake in shares of Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after purchasing an additional 342 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Dollar General by 384.3% in the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company's stock valued at $54,000 after purchasing an additional 488 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of Dollar General by 35.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company's stock valued at $56,000 after purchasing an additional 128 shares during the last quarter. Finally, Bogart Wealth LLC boosted its stake in shares of Dollar General by 37.6% in the 1st quarter. Bogart Wealth LLC now owns 674 shares of the company's stock valued at $59,000 after purchasing an additional 184 shares during the last quarter. Institutional investors own 91.77% of the company's stock.

Dollar General Stock Performance

Shares of DG stock opened at $105.50 on Wednesday. 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 company has a market capitalization of $23.22 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 2.24 and a beta of 0.30. The company's 50 day moving average price is $106.18 and its two-hundred day moving average price is $104.42. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95.

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

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, October 7th. Dollar General's dividend payout ratio (DPR) is 43.70%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Raymond James Financial raised their target price on shares of Dollar General from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Telsey Advisory Group set a $123.00 target price on shares of Dollar General in a research note on Friday, August 29th. Morgan Stanley raised their target price on shares of Dollar General from $115.00 to $125.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Barclays raised their target price on shares of Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Finally, Sanford C. Bernstein increased their price target on shares of Dollar General from $122.00 to $134.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $115.40.

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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