Kinsale Capital Group Inc. Grows Stock Position in Dollar General Corporation $DG

Kinsale Capital Group Inc. lifted its stake in Dollar General Corporation (NYSE:DG) by 14.0% during the second quarter, Holdings Channel reports. The institutional investor owned 53,867 shares of the company’s stock after acquiring an additional 6,609 shares during the quarter. Kinsale Capital Group Inc.’s holdings in Dollar General were worth $6,161,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DG. D.A. Davidson & CO. grew its stake in shares of Dollar General by 83.7% during the 1st quarter. D.A. Davidson & CO. now owns 6,428 shares of the company’s stock worth $565,000 after purchasing an additional 2,928 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Dollar General by 18.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 898,052 shares of the company’s stock valued at $78,966,000 after purchasing an additional 142,337 shares during the period. M&T Bank Corp boosted its holdings in Dollar General by 7.9% during the first quarter. M&T Bank Corp now owns 20,286 shares of the company’s stock worth $1,783,000 after buying an additional 1,479 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Dollar General by 1.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 143,834 shares of the company’s stock valued at $12,290,000 after buying an additional 1,528 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in Dollar General by 17.7% in the first quarter. Nisa Investment Advisors LLC now owns 25,894 shares of the company’s stock valued at $2,277,000 after buying an additional 3,897 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on DG. UBS Group increased their target price on shares of Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Evercore ISI cut their price target on Dollar General from $114.00 to $112.00 and set an “in-line” rating for the company in a research note on Tuesday, October 7th. Gordon Haskett lowered their price target on Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. Telsey Advisory Group set a $123.00 price objective on Dollar General in a report on Friday, August 29th. Finally, Wells Fargo & Company upped their target price on Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $115.64.

Dollar General Price Performance

Shares of Dollar General stock opened at $99.27 on Friday. The stock has a market capitalization of $21.85 billion, a P/E ratio of 18.38, a PEG ratio of 2.10 and a beta of 0.30. The business has a 50 day simple moving average of $103.05 and a two-hundred day simple moving average of $105.38. Dollar General Corporation has a 12 month low of $66.43 and a 12 month 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 issued its quarterly earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping 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 firm had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same period in the previous year, the business earned $1.70 earnings per share. The firm’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. As a group, analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

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 $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, October 7th. Dollar General’s dividend payout ratio is 43.70%.

Dollar General 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.