Keybank National Association OH Sells 1,594 Shares of Dollar General Corporation $DG

Keybank National Association OH lowered its stake in shares of Dollar General Corporation (NYSE:DG) by 19.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,644 shares of the company’s stock after selling 1,594 shares during the period. Keybank National Association OH’s holdings in Dollar General were worth $760,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. increased its position in shares of Dollar General by 5.8% during the second quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock valued at $229,000 after buying an additional 110 shares during the period. Tectonic Advisors LLC lifted its stake in shares of Dollar General by 1.9% in the 2nd quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock valued at $691,000 after purchasing an additional 113 shares during the period. Ancora Advisors LLC lifted its stake in shares of Dollar General by 1.7% in the 1st quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock valued at $638,000 after purchasing an additional 122 shares during the period. Harbor Investment Advisory LLC lifted its stake in shares of Dollar General by 35.2% in 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 during the period. Finally, Hantz Financial Services Inc. lifted its stake in shares of 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 purchasing an additional 140 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research analyst reports. Gordon Haskett lowered their target price on Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. Wells Fargo & Company raised their target price on Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Raymond James Financial raised their target price on Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Evercore ISI cut their price objective on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a report on Tuesday, October 7th. Finally, Loop Capital upped their price objective on shares of Dollar General from $110.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $115.64.

Dollar General Price Performance

Shares of DG opened at $99.35 on Tuesday. The stock has a market cap of $21.87 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95. The firm’s 50-day simple moving average is $103.99 and its two-hundred day simple moving average is $105.41.

Dollar General (NYSE:DG) last announced 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 net margin of 2.86% and a return on equity of 17.97%. The business had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the prior year, the company earned $1.70 earnings per share. The business’s 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. Analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm 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. 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 2.4%. Dollar General’s dividend payout ratio (DPR) is presently 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.