Bontempo Ohly Capital Mgmt LLC Takes $4.96 Million Position in Dollar General Corporation $DG

Bontempo Ohly Capital Mgmt LLC purchased a new stake in Dollar General Corporation (NYSE:DG) during the first quarter, Holdings Channel reports. The fund purchased 56,386 shares of the company’s stock, valued at approximately $4,958,000. Dollar General comprises 2.4% of Bontempo Ohly Capital Mgmt LLC’s portfolio, making the stock its 3rd largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sowell Financial Services LLC purchased a new stake in shares of Dollar General in the 1st quarter valued at approximately $280,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Dollar General by 4.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company’s stock valued at $2,424,000 after acquiring an additional 1,102 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Dollar General by 74.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company’s stock valued at $921,000 after acquiring an additional 5,171 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Dollar General by 18.1% in the 4th quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company’s stock valued at $8,137,000 after acquiring an additional 16,453 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Dollar General by 48.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company’s stock valued at $288,000 after acquiring an additional 1,081 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Trading Down 1.1%

NYSE DG opened at $105.29 on Friday. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95. The stock has a market capitalization of $23.18 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.24 and a beta of 0.29. The firm has a 50 day moving average of $110.89 and a two-hundred day moving average of $100.15.

Dollar General (NYSE:DG) last posted its quarterly 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. 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 analysts’ expectations of $10.68 billion. During the same quarter in the previous year, the business posted $1.70 EPS. The firm’s 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. As a group, research analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be 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 is Tuesday, October 7th. Dollar General’s payout ratio is 43.70%.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the transaction, the executive vice president owned 46,563 shares in the company, valued at $5,261,619. The trade was a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.56% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DG shares. UBS Group boosted their price target on shares of Dollar General from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Gordon Haskett raised shares of Dollar General from a “reduce” rating to an “accumulate” rating in a research note on Tuesday, June 3rd. Wells Fargo & Company upped their target price on shares of Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Raymond James Financial upped their target price on shares of Dollar General from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Citigroup upped their target price on shares of Dollar General from $101.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $112.92.

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.