First Eagle Investment Management LLC Reduces Stake in Dollar General Corporation $DG

First Eagle Investment Management LLC lessened its holdings in shares of Dollar General Corporation (NYSE:DG) by 1.5% in the second quarter, Holdings Channel.com reports. The fund owned 5,975,918 shares of the company’s stock after selling 94,073 shares during the period. Dollar General comprises approximately 1.3% of First Eagle Investment Management LLC’s portfolio, making the stock its 29th largest holding. First Eagle Investment Management LLC’s holdings in Dollar General were worth $683,526,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Ballentine Partners LLC bought a new position in shares of Dollar General in the 1st quarter worth approximately $411,000. AustralianSuper Pty Ltd bought a new stake in shares of Dollar General during the 2nd quarter valued at $1,042,000. Blair William & Co. IL boosted its holdings in shares of Dollar General by 52.0% during the 2nd quarter. Blair William & Co. IL now owns 5,665 shares of the company’s stock valued at $648,000 after buying an additional 1,938 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Dollar General by 6.3% in the 2nd quarter. HB Wealth Management LLC now owns 6,667 shares of the company’s stock worth $763,000 after acquiring an additional 393 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in Dollar General by 11.6% during the 2nd quarter. Nordea Investment Management AB now owns 19,143 shares of the company’s stock valued at $2,171,000 after acquiring an additional 1,996 shares during the period. Institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DG. Truist Financial lifted their target price on shares of Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a report on Friday, August 29th. Gordon Haskett reduced their price target on Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. Piper Sandler lifted their price target on Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Morgan Stanley increased their price objective on shares of 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, Guggenheim reiterated a “buy” rating and issued a $125.00 target price on shares of Dollar General in a research note on Friday, August 29th. One investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $115.64.

Dollar General Price Performance

DG opened at $95.99 on Friday. The company’s 50-day simple moving average is $103.24 and its two-hundred day simple moving average is $105.36. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. The stock has a market capitalization of $21.13 billion, a P/E ratio of 17.78, a P/E/G ratio of 2.10 and a beta of 0.30. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $117.95.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.30. The firm had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Tuesday, October 7th. Dollar General’s dividend payout ratio (DPR) 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.