Fifth Third Bancorp Has $1.42 Million Position in Dollar General Co. (NYSE:DG)

Fifth Third Bancorp lessened its stake in shares of Dollar General Co. (NYSE:DG) by 68.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,737 shares of the company’s stock after selling 22,965 shares during the quarter. Fifth Third Bancorp’s holdings in Dollar General were worth $1,420,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DG. Price T Rowe Associates Inc. MD boosted its position in shares of Dollar General by 162.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock worth $2,472,372,000 after purchasing an additional 11,257,537 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Dollar General by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after purchasing an additional 3,360,413 shares in the last quarter. Norges Bank bought a new position in shares of Dollar General during the 4th quarter worth about $337,150,000. Capital International Investors boosted its position in shares of Dollar General by 13.9% during the 4th quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock worth $2,539,026,000 after purchasing an additional 2,273,119 shares in the last quarter. Finally, Pzena Investment Management LLC bought a new position in shares of Dollar General during the 1st quarter worth about $301,738,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 1.7 %

NYSE:DG opened at $123.66 on Thursday. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $27.19 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.36 and a beta of 0.43. The firm’s 50 day moving average is $124.15 and its 200 day moving average is $137.17. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $168.07.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. The company had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. Dollar General’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.34 EPS. Sell-side analysts expect that Dollar General Co. will post 7.21 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a yield of 1.91%. Dollar General’s payout ratio is 34.35%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DG shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Dollar General in a research report on Thursday, May 30th. Piper Sandler dropped their price target on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Truist Financial dropped their price target on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, May 31st. BMO Capital Markets dropped their price target on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a research report on Friday, May 31st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $147.41.

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.