Dollar General Corporation $DG Shares Sold by South Dakota Investment Council

South Dakota Investment Council trimmed its stake in shares of Dollar General Corporation (NYSE:DG) by 23.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 242,036 shares of the company’s stock after selling 74,562 shares during the quarter. Dollar General comprises 0.5% of South Dakota Investment Council’s portfolio, making the stock its 22nd largest position. South Dakota Investment Council owned approximately 0.11% of Dollar General worth $27,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. increased 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 acquiring an additional 200 shares during the period. Hantz Financial Services Inc. boosted 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 valued at $50,000 after purchasing an additional 140 shares during the period. Larson Financial Group LLC grew its position in 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 during the last quarter. Harbor Investment Advisory LLC grew its position 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 purchasing an additional 128 shares during the last quarter. Finally, Bogart Wealth LLC increased its stake in shares of Dollar General by 37.6% in the first quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock valued at $59,000 after purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DG. Piper Sandler boosted their price objective on Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Raymond James Financial boosted their price target on Dollar General from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Dollar General in a report on Tuesday, October 14th. Loop Capital lifted their price objective on shares of Dollar General from $110.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, July 10th. Finally, Wells Fargo & Company upped their price objective on shares of Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $115.64.

Dollar General Trading Down 0.9%

Shares of DG stock opened at $98.68 on Friday. The stock has a 50-day simple moving average of $104.25 and a 200 day simple moving average of $105.26. The stock has a market capitalization of $21.72 billion, a P/E ratio of 18.27, a P/E/G ratio of 2.10 and a beta of 0.30. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95. 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 (NYSE:DG) last issued its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $10.68 billion. During the same period in the prior year, the company earned $1.70 EPS. Dollar General’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. On average, sell-side analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, October 7th. Dollar General’s dividend payout ratio (DPR) is presently 43.70%.

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.