Dollar General Corporation $DG Shares Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. grew its position in shares of Dollar General Corporation (NYSE:DG) by 9.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 77,719 shares of the company’s stock after purchasing an additional 6,828 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Dollar General were worth $8,890,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new position in Dollar General during the second quarter valued at about $26,000. Hantz Financial Services Inc. lifted its holdings in Dollar General by 46.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock valued at $50,000 after acquiring an additional 140 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Dollar General by 35.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after purchasing an additional 128 shares in the last quarter. Mountain Hill Investment Partners Corp. raised its holdings in shares of Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock worth $44,000 after purchasing an additional 200 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Dollar General by 384.3% in the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock worth $54,000 after purchasing an additional 488 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DG. Wolfe Research began coverage on shares of Dollar General in a research report on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price target on the stock. Gordon Haskett decreased their target price on Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. Sanford C. Bernstein upped their target price on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Wells Fargo & Company lifted their price target on Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Finally, Evercore ISI cut their price objective on Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $115.64.

Dollar General Stock Performance

Shares of DG stock opened at $99.27 on Friday. The company has a market capitalization of $21.85 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 2.10 and a beta of 0.30. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $117.95. 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 stock’s fifty day simple moving average is $103.05 and its 200-day simple moving average is $105.44.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS 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 firm had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same period last year, the company posted $1.70 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, sell-side analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, October 7th. Dollar General’s dividend payout ratio is currently 43.70%.

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.