Dollar General Corporation $DG Shares Purchased by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL lifted its holdings in Dollar General Corporation (NYSE:DG) by 40.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,731 shares of the company’s stock after purchasing an additional 10,361 shares during the quarter. Dollar General comprises about 1.2% of Birmingham Capital Management Co. Inc. AL’s portfolio, making the stock its 29th biggest position. Birmingham Capital Management Co. Inc. AL’s holdings in Dollar General were worth $3,142,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in DG. Two Sigma Investments LP lifted its position in Dollar General by 323.1% during the fourth quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company’s stock valued at $178,491,000 after purchasing an additional 1,797,776 shares during the period. Pacer Advisors Inc. raised its position in Dollar General by 5,440.2% during the first quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company’s stock worth $139,155,000 after acquiring an additional 1,554,004 shares during the period. Royal Bank of Canada raised its position in Dollar General by 251.6% during the first quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock worth $178,983,000 after acquiring an additional 1,456,549 shares during the period. Two Sigma Advisers LP raised its position in Dollar General by 398.2% during the fourth quarter. Two Sigma Advisers LP now owns 1,756,799 shares of the company’s stock worth $133,200,000 after acquiring an additional 1,404,200 shares during the period. Finally, Vanguard Group Inc. raised its position in Dollar General by 4.8% during the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock worth $2,324,271,000 after acquiring an additional 1,201,917 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Up 1.8%

Dollar General stock opened at $106.46 on Thursday. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The stock’s fifty day simple moving average is $111.07 and its 200-day simple moving average is $99.97. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $23.43 billion, a P/E ratio of 19.72, a P/E/G ratio of 2.20 and a beta of 0.29.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The business had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the prior year, the company earned $1.70 earnings per share. The company’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, equities analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General’s payout ratio is 43.70%.

Analysts Set New Price Targets

DG has been the subject of a number of research analyst reports. KeyCorp restated a “sector weight” rating on shares of Dollar General in a research report on Wednesday, June 4th. Sanford C. Bernstein lifted their target price on shares of Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Oppenheimer raised 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 research note on Wednesday, June 4th. Loop Capital lifted their target price on shares of Dollar General from $110.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, July 10th. Finally, Barclays lifted their target price on shares of Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $112.92.

Insider Activity

In other news, EVP Emily C. Taylor sold 1,969 shares of Dollar General stock in a transaction 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 sale, the executive vice president directly owned 46,563 shares of the company’s stock, valued at approximately $5,261,619. The trade was a 4.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.

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.