Dollar General Corporation $DG Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its stake in Dollar General Corporation (NYSE:DG) by 228.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,647 shares of the company’s stock after buying an additional 24,094 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Dollar General were worth $3,963,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DG. Atlantic Union Bankshares Corp purchased a new stake in shares of Dollar General during the second quarter valued at approximately $26,000. Hantz Financial Services Inc. increased its stake in Dollar General by 46.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock worth $50,000 after buying an additional 140 shares during the period. Harbor Investment Advisory LLC lifted its holdings in Dollar General by 35.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after buying an additional 128 shares in the last quarter. Manchester Capital Management LLC grew its stake in shares of Dollar General by 264.6% during the first quarter. Manchester Capital Management LLC now owns 711 shares of the company’s stock valued at $63,000 after acquiring an additional 516 shares in the last quarter. Finally, SouthState Corp increased its position in shares of Dollar General by 209.9% during the second quarter. SouthState Corp now owns 784 shares of the company’s stock worth $90,000 after acquiring an additional 531 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

Shares of NYSE DG opened at $101.92 on Friday. The stock’s fifty day simple moving average is $102.05 and its 200 day simple moving average is $106.04. The stock has a market capitalization of $22.43 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 2.10 and a beta of 0.30. 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.

Dollar General (NYSE:DG) last announced its 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 business had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.Dollar General’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, sell-side analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, October 7th. Dollar General’s dividend payout ratio (DPR) is presently 43.70%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Dollar General from $109.00 to $115.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a research report on Monday. Sanford C. Bernstein upped 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. Morgan Stanley increased their price objective 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. Finally, Evercore ISI dropped their target price on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating for the company in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $118.14.

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.