OFI Invest Asset Management Grows Stock Position in Dollar General Corporation $DG

OFI Invest Asset Management boosted its stake in Dollar General Corporation (NYSE:DG) by 25.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,171 shares of the company’s stock after acquiring an additional 237 shares during the quarter. OFI Invest Asset Management’s holdings in Dollar General were worth $134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of Dollar General by 5,440.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company’s stock valued at $139,155,000 after purchasing an additional 1,554,004 shares in the last quarter. Royal Bank of Canada raised its position in shares of Dollar General by 251.6% in the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock valued at $178,983,000 after purchasing an additional 1,456,549 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Dollar General by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock valued at $2,324,271,000 after purchasing an additional 1,201,917 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of Dollar General by 8.5% in the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company’s stock valued at $1,122,914,000 after purchasing an additional 1,003,206 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Dollar General in the 1st quarter valued at approximately $41,798,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

DG stock opened at $99.38 on Monday. 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 firm has a market cap of $21.88 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.09 and a beta of 0.30. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95. The stock’s 50 day simple moving average is $107.44 and its 200 day simple moving average is $103.79.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The business had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same period in the prior year, the company posted $1.70 EPS. 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. As a group, equities research analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 annualized dividend and a yield of 2.4%. Dollar General’s dividend payout ratio (DPR) is currently 43.70%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Gordon Haskett cut their target price on Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. Raymond James Financial upped their target price on Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Wolfe Research assumed coverage on Dollar General in a research report on Thursday, September 18th. They issued an “outperform” rating and a $139.00 target price on the stock. Morgan Stanley upped their target price on Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Finally, The Goldman Sachs Group lowered Dollar General from a “buy” rating to a “neutral” rating and upped their target price for the company from $115.00 to $116.00 in a research report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $115.40.

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.