Dollar General Corporation $DG Stock Position Lowered by Bristlecone Advisors LLC

Bristlecone Advisors LLC lessened its position in Dollar General Corporation (NYSE:DG) by 85.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,512 shares of the company’s stock after selling 21,350 shares during the quarter. Bristlecone Advisors LLC’s holdings in Dollar General were worth $402,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Dollar General by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock valued at $2,324,271,000 after buying an additional 1,201,917 shares during the period. Pzena Investment Management LLC boosted its stake in shares of Dollar General by 8.5% during 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 buying an additional 1,003,206 shares during the period. ACR Alpine Capital Research LLC raised its holdings in shares of Dollar General by 3.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company’s stock valued at $369,081,000 after purchasing an additional 155,966 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Dollar General by 2.6% during the 1st quarter. Invesco Ltd. now owns 3,469,568 shares of the company’s stock valued at $305,079,000 after purchasing an additional 89,067 shares in the last quarter. Finally, Baupost Group LLC MA raised its holdings in shares of Dollar General by 2.1% during the 1st quarter. Baupost Group LLC MA now owns 2,104,876 shares of the company’s stock valued at $185,082,000 after purchasing an additional 44,076 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

NYSE DG opened at $99.97 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The firm has a market capitalization of $22.00 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 2.14 and a beta of 0.30. The company’s fifty day moving average is $104.79 and its two-hundred day moving average is $105.12. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $117.95.

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, topping the consensus estimate of $1.56 by $0.30. The company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the business posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on DG. Loop Capital raised their price target on shares of Dollar General from $110.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, July 10th. Sanford C. Bernstein lifted their target price on shares of Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Telsey Advisory Group set a $123.00 target price on shares of Dollar General in a research report on Friday, August 29th. Morgan Stanley raised their price target 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, Gordon Haskett reduced their price objective on Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.