Equity Investment Corp Has $125.54 Million Stake in Dollar General Corporation $DG

Equity Investment Corp lessened its position in Dollar General Corporation (NYSE:DG) by 5.2% during the second quarter, Holdings Channel reports. The institutional investor owned 1,097,526 shares of the company’s stock after selling 59,614 shares during the quarter. Dollar General comprises approximately 2.6% of Equity Investment Corp’s portfolio, making the stock its 11th largest holding. Equity Investment Corp’s holdings in Dollar General were worth $125,535,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mountain Hill Investment Partners Corp. raised its position in Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock valued at $44,000 after buying an additional 200 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Dollar General by 46.8% in the second 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 last quarter. Larson Financial Group LLC raised its holdings in shares of Dollar General by 384.3% in the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after purchasing an additional 488 shares during the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of Dollar General by 35.2% in the second 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 last quarter. Finally, Bogart Wealth LLC raised its holdings in shares of Dollar General by 37.6% in the first quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock valued at $59,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Up 0.6%

Dollar General stock opened at $99.78 on Wednesday. The firm has a market capitalization of $21.96 billion, a PE ratio of 18.48, a P/E/G ratio of 2.10 and a beta of 0.30. The company’s 50-day moving average is $103.77 and its 200-day moving average is $105.46. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27.

Dollar General (NYSE:DG) last announced its quarterly earnings results 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. The firm had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Sell-side analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were issued a dividend of $0.59 per share. 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 payout ratio is presently 43.70%.

Analysts Set New Price Targets

DG has been the topic of several recent research reports. Wells Fargo & Company lifted their price target on shares of Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Loop Capital lifted their target price on Dollar General from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, July 10th. Guggenheim reaffirmed a “buy” rating and issued a $125.00 target price on shares of Dollar General in a research report on Friday, August 29th. Morgan Stanley lifted 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, JPMorgan Chase & Co. boosted their price target on Dollar General from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. One research 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’s stock. According to MarketBeat, the stock currently has a consensus 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.