Dollar General Corporation $DG Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its position in Dollar General Corporation (NYSE:DG) by 6.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,329 shares of the company’s stock after buying an additional 1,721 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Dollar General were worth $3,469,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sowell Financial Services LLC acquired a new position in shares of Dollar General in the first quarter valued at approximately $280,000. Robeco Institutional Asset Management B.V. raised its position in shares of Dollar General by 4.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company’s stock valued at $2,424,000 after buying an additional 1,102 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Dollar General by 74.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company’s stock valued at $921,000 after buying an additional 5,171 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Dollar General by 48.9% in the first quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company’s stock valued at $288,000 after buying an additional 1,081 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new position in shares of Dollar General in the first quarter valued at approximately $879,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Evercore ISI cut their price objective on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating for the company in a research report on Tuesday. UBS Group upped their price target on shares of Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Guggenheim reaffirmed a “buy” rating and set a $125.00 price target on shares of Dollar General in a research report on Friday, August 29th. Morgan Stanley upped their price target on shares of Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Finally, Wolfe Research started coverage on shares of Dollar General in a research report on Thursday, September 18th. They set an “outperform” rating and a $139.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $115.40.

Dollar General Price Performance

DG opened at $96.40 on Wednesday. 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 52-week low of $66.43 and a 52-week high of $117.95. The company has a 50 day moving average of $107.89 and a two-hundred day moving average of $103.36. The company has a market cap of $21.22 billion, a P/E ratio of 17.85, a P/E/G ratio of 2.07 and a beta of 0.30.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the firm earned $1.70 earnings per share. Dollar General’s revenue for the quarter 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, analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.4%. Dollar General’s dividend payout ratio is 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.