Geode Capital Management LLC Has $643.44 Million Stake in Dollar General Corporation $DG

Geode Capital Management LLC raised its stake in Dollar General Corporation (NYSE:DG) by 0.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,649,222 shares of the company’s stock after acquiring an additional 7,874 shares during the quarter. Geode Capital Management LLC owned approximately 2.57% of Dollar General worth $643,442,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new position in Dollar General in the 2nd quarter valued at approximately $26,000. Hantz Financial Services Inc. boosted its holdings in shares of Dollar General by 46.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock valued at $50,000 after acquiring an additional 140 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in Dollar General by 35.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after purchasing an additional 128 shares in the last quarter. Larson Financial Group LLC raised its position in Dollar General by 384.3% in the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after purchasing an additional 488 shares during the last quarter. Finally, Manchester Capital Management LLC grew its holdings in shares of Dollar General by 264.6% during the first quarter. Manchester Capital Management LLC now owns 711 shares of the company’s stock worth $63,000 after purchasing an additional 516 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Down 0.0%

Shares of NYSE:DG opened at $104.19 on Friday. Dollar General Corporation has a 1 year low of $66.43 and a 1 year 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. The business’s 50-day moving average is $102.47 and its 200-day moving average is $105.70. The company has a market capitalization of $22.93 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 2.10 and a beta of 0.30.

Dollar General (NYSE:DG) last released its 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 business had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter last year, the firm posted $1.70 earnings per share. The firm’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. Equities research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, October 7th. Dollar General’s payout ratio is presently 43.70%.

Analyst Upgrades and Downgrades

Several research firms recently commented on DG. Barclays lifted their target price on shares of Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Gordon Haskett reduced their price objective on shares of Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. Piper Sandler increased their price objective on Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Raymond James Financial lifted their target price on Dollar General from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $118.14.

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.