Dollar General Corporation $DG Stock Position Reduced by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership lessened its position in Dollar General Corporation (NYSE:DG) by 21.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,138,526 shares of the company’s stock after selling 305,298 shares during the period. Artisan Partners Limited Partnership owned approximately 0.52% of Dollar General worth $130,225,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in Dollar General by 4.7% during the first quarter. Victory Capital Management Inc. now owns 185,402 shares of the company’s stock worth $16,302,000 after buying an additional 8,311 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Dollar General by 126.8% during the 1st quarter. Private Advisor Group LLC now owns 13,755 shares of the company’s stock valued at $1,210,000 after acquiring an additional 7,689 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Dollar General by 30.6% during the 1st quarter. Kestra Private Wealth Services LLC now owns 6,969 shares of the company’s stock worth $613,000 after acquiring an additional 1,634 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Dollar General by 4.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 17,013 shares of the company’s stock worth $1,496,000 after acquiring an additional 725 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Dollar General by 100.7% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,427 shares of the company’s stock worth $125,000 after purchasing an additional 716 shares during the period. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Down 3.5%

Dollar General stock opened at $99.67 on Thursday. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. 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 firm has a market cap of $21.94 billion, a PE ratio of 18.46, a P/E/G ratio of 2.10 and a beta of 0.30. The firm’s 50 day moving average price is $102.20 and its two-hundred day moving average price is $106.01.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating 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 business had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same period in the previous year, the company posted $1.70 EPS. Dollar General’s revenue was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, research analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, October 7th. Dollar General’s payout ratio is presently 43.70%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DG. Gordon Haskett decreased their price target on Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dollar General in a report on Monday. Sanford C. Bernstein boosted their price target on shares of Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Wells Fargo & Company upped 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 report on Friday, August 29th. Finally, Wolfe Research started coverage on shares of Dollar General in a research report on Thursday, September 18th. They set an “outperform” rating and a $139.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average target price of $118.14.

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.