XTX Topco Ltd Makes New $492,000 Investment in Dollar General Corporation $DG

XTX Topco Ltd acquired a new position in Dollar General Corporation (NYSE:DG) in the 2nd quarter, HoldingsChannel reports. The firm acquired 4,300 shares of the company’s stock, valued at approximately $492,000.

Several other institutional investors have also bought and sold shares of DG. Vanguard Group Inc. lifted its stake in Dollar General by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock valued at $3,067,403,000 after acquiring an additional 384,447 shares in the last quarter. Invesco Ltd. grew its stake in shares of Dollar General by 2.6% in the 1st quarter. Invesco Ltd. now owns 3,469,568 shares of the company’s stock worth $305,079,000 after acquiring an additional 89,067 shares in the last quarter. Baupost Group LLC MA raised its holdings in shares of Dollar General by 2.1% in the first quarter. Baupost Group LLC MA now owns 2,104,876 shares of the company’s stock valued at $185,082,000 after purchasing an additional 44,076 shares during the last quarter. Northern Trust Corp lifted its position in shares of Dollar General by 2.6% during the first quarter. Northern Trust Corp now owns 2,076,851 shares of the company’s stock valued at $182,618,000 after purchasing an additional 52,961 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Dollar General by 251.6% during the first quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock worth $178,983,000 after purchasing an additional 1,456,549 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Evercore ISI lifted their target price on shares of Dollar General from $100.00 to $105.00 and gave the stock an “in-line” rating in a research report on Tuesday. UBS Group lifted their price target on Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Loop Capital reduced their price objective on Dollar General from $120.00 to $100.00 and set a “hold” rating for the company in a research note on Tuesday, November 11th. Truist Financial raised their target price on Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, August 29th. Finally, The Goldman Sachs Group downgraded shares of Dollar General from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $119.91.

Dollar General Stock Performance

Dollar General stock opened at $124.95 on Friday. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $125.44. 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 firm has a market capitalization of $27.50 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 2.70 and a beta of 0.27. The firm’s 50 day simple moving average is $103.07 and its 200 day simple moving average is $107.20.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The firm had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the business earned $0.89 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.9%. Dollar General’s payout ratio 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.