QRG Capital Management Inc. Acquires New Stake in Dollar General Corporation $DG

QRG Capital Management Inc. acquired a new stake in shares of Dollar General Corporation (NYSE:DG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,560 shares of the company’s stock, valued at approximately $293,000.

Several other institutional investors also recently modified their holdings of the stock. Fairvoy Private Wealth LLC grew its position in Dollar General by 8.8% during the 2nd quarter. Fairvoy Private Wealth LLC now owns 10,696 shares of the company’s stock worth $1,223,000 after purchasing an additional 861 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Dollar General during the second quarter valued at about $101,000. Mattern Capital Management LLC boosted its holdings in Dollar General by 8.5% during the second quarter. Mattern Capital Management LLC now owns 10,871 shares of the company’s stock valued at $1,243,000 after acquiring an additional 849 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Dollar General by 6.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,329 shares of the company’s stock valued at $3,469,000 after acquiring an additional 1,721 shares during the period. Finally, Lecap Asset Management Ltd. bought a new stake in Dollar General during the second quarter valued at about $1,273,000. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Morgan Stanley raised their target price on Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Truist Financial increased their target price on shares of Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, August 29th. Evercore ISI reduced their target price on shares of 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. Loop Capital increased their target price on shares of Dollar General from $110.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, July 10th. Finally, Sanford C. Bernstein increased their price target on shares of Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $115.40.

Dollar General Price Performance

Shares of Dollar General stock opened at $99.38 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $21.88 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 2.09 and a beta of 0.30. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $117.95. The firm’s 50-day moving average price is $107.44 and its two-hundred day moving average price is $103.68.

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

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a yield of 2.4%. Dollar General’s dividend payout ratio (DPR) is presently 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.