City Center Advisors LLC Purchases Shares of 2,242 Dollar General Corporation $DG

City Center Advisors LLC purchased a new stake in Dollar General Corporation (NYSE:DG) during the second quarter, according to its most recent filing with the SEC. The fund purchased 2,242 shares of the company’s stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of DG. Two Sigma Investments LP increased its holdings in Dollar General by 323.1% in the 4th quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company’s stock valued at $178,491,000 after acquiring an additional 1,797,776 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Dollar General by 5,440.2% in 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 last quarter. Royal Bank of Canada increased its holdings in Dollar General by 251.6% in the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock valued at $178,983,000 after acquiring an additional 1,456,549 shares during the last quarter. Two Sigma Advisers LP increased its holdings in Dollar General by 398.2% in the 4th quarter. Two Sigma Advisers LP now owns 1,756,799 shares of the company’s stock valued at $133,200,000 after acquiring an additional 1,404,200 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Dollar General by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock valued at $2,324,271,000 after acquiring an additional 1,201,917 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DG has been the topic of a number of research reports. Sanford C. Bernstein lifted their price target on shares of Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Oppenheimer upgraded shares of Dollar General from a “market perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a report on Wednesday, June 4th. JPMorgan Chase & Co. boosted their target price on shares of Dollar General from $88.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, June 4th. Jefferies Financial Group restated a “buy” rating on shares of Dollar General in a report on Tuesday, June 3rd. Finally, The Goldman Sachs Group downgraded shares of Dollar General from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $115.00 to $116.00 in a report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Dollar General has a consensus rating of “Hold” and a consensus price target of $112.92.

Dollar General Stock Performance

Shares of NYSE:DG opened at $104.32 on Friday. The company has a market capitalization of $22.96 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 2.22 and a beta of 0.29. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The firm’s 50-day moving average is $110.69 and its 200 day moving average is $100.51. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.56 by $0.30. The company 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 firm’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Research analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

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 issued 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%.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 1,969 shares of the company’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the transaction, the executive vice president directly owned 46,563 shares in the company, valued at approximately $5,261,619. This represents a 4.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.

About Dollar General

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.