X Square Capital LLC Makes New Investment in Dollar General Corporation $DG

Key Points

• X Square Capital LLC acquired 16,467 shares of Dollar General in the second quarter, valued at approximately $1.9 million. Institutional investors and hedge funds collectively own 91.77% of the company.
• Analysts have generally turned more cautious, lowering price targets; Dollar General carries an average “Hold” rating and a consensus target price of $130.42.
• Dollar General reported quarterly EPS of $2.00, exceeding expectations of $1.89, while revenue rose 3.4% year over year to $10.79 billion. The company also maintains a quarterly dividend of $0.59 per share, yielding about 1.9% annually.

X Square Capital LLC bought a new stake in shares of Dollar General Corporation (NYSE:DG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 16,467 shares of the company's stock, valued at approximately $1,896,000.

A number of other large investors also recently made changes to their positions in the stock. C M Bidwell & Associates Ltd. acquired a new stake in shares of Dollar General during the second quarter worth $276,000. Flossbach Von Storch SE acquired a new position in Dollar General in the second quarter valued at about $81,178,000. Great Lakes Advisors LLC acquired a new position in Dollar General in the second quarter valued at about $2,574,000. Danske Bank A S bought a new position in Dollar General during the second quarter worth about $11,182,000. Finally, Plato Investment Management Ltd bought a new position in Dollar General during the second quarter worth about $696,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DG shares. Daiwa Securities Group lowered their price target on Dollar General from $136.00 to $111.00 and set a "neutral" rating for the company in a research note on Thursday, June 4th. Morgan Stanley reduced their price objective on shares of Dollar General from $150.00 to $132.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 3rd. The Goldman Sachs Group decreased their price objective on shares of Dollar General from $130.00 to $128.00 and set a "neutral" rating for the company in a report on Wednesday, June 3rd. BNP Paribas Exane lowered their target price on shares of Dollar General from $144.00 to $113.00 and set a "neutral" rating for the company in a research note on Wednesday, June 3rd. Finally, Telsey Advisory Group cut their target price on shares of Dollar General from $140.00 to $125.00 and set a "market perform" rating on the stock in a report on Wednesday, June 3rd. Ten investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Dollar General has an average rating of "Hold" and an average target price of $130.42.

Dollar General Trading Up 2.1%

DG opened at $123.11 on Friday. The stock has a market capitalization of $27.16 billion, a P/E ratio of 17.41, a P/E/G ratio of 1.88 and a beta of 0.23. The company has a current ratio of 1.17, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52. Dollar General Corporation has a 12 month low of $95.11 and a 12 month high of $158.23. The firm's fifty day simple moving average is $120.34 and its 200 day simple moving average is $123.95.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.11. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The firm had revenue of $10.79 billion during the quarter, compared to analysts' expectations of $10.81 billion. During the same quarter in the prior year, the company earned $1.78 EPS. The company's revenue was up 3.4% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. As a group, research analysts anticipate that Dollar General Corporation will post 7.38 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.9%. Dollar General's dividend payout ratio (DPR) is presently 33.38%.

Dollar General Company Profile

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation's prominent low-price retailers focused on convenience and value.

Dollar General's stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.

Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corporation (NYSE:DG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source