Dollar General Corporation $DG Shares Sold by Tobam

Tobam trimmed its stake in shares of Dollar General Corporation (NYSE:DG) by 16.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,404 shares of the company’s stock after selling 8,836 shares during the period. Dollar General comprises about 2.0% of Tobam’s holdings, making the stock its 15th biggest holding. Tobam’s holdings in Dollar General were worth $5,079,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. KBC Group NV boosted its stake in shares of Dollar General by 1.6% during the 2nd quarter. KBC Group NV now owns 36,754 shares of the company’s stock valued at $4,204,000 after buying an additional 575 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Dollar General by 196.8% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 314,951 shares of the company’s stock worth $36,024,000 after purchasing an additional 208,836 shares in the last quarter. National Pension Service lifted its holdings in shares of Dollar General by 119.3% during the 2nd quarter. National Pension Service now owns 5,028 shares of the company’s stock valued at $575,000 after buying an additional 2,735 shares during the last quarter. Ironwood Investment Counsel LLC grew its stake in shares of Dollar General by 7.6% in the 2nd quarter. Ironwood Investment Counsel LLC now owns 38,688 shares of the company’s stock valued at $4,425,000 after buying an additional 2,744 shares in the last quarter. Finally, Fairbanks Capital Management Inc. increased its holdings in Dollar General by 6.3% in the second quarter. Fairbanks Capital Management Inc. now owns 4,560 shares of the company’s stock worth $522,000 after buying an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of NYSE:DG opened at $104.15 on Wednesday. The company has a market cap of $22.92 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.10 and a beta of 0.30. The business has a 50 day moving average price of $102.76 and a 200 day moving average price of $105.64. 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 twelve month low of $66.43 and a twelve month high of $117.95.

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. The firm had revenue of $10.73 billion during 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 business’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $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 earnings per share for the current year.

Dollar General Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Truist Financial boosted their target price on shares of Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, August 29th. Gordon Haskett decreased their price objective on shares of Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. Wolfe Research assumed coverage on Dollar General in a report on Thursday, September 18th. They set an “outperform” rating and a $139.00 target price on the stock. Morgan Stanley upped their price target on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Finally, Sanford C. Bernstein raised their price objective on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research note 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. According to MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus target price of $115.64.

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.