Pullen Investment Management LLC Makes New Investment in Dollar General Corporation $DG

Pullen Investment Management LLC bought a new position in Dollar General Corporation (NYSE:DG) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 2,061 shares of the company’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Dollar General by 4.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company’s stock worth $2,424,000 after buying an additional 1,102 shares during the period. Ballentine Partners LLC acquired a new position in shares of Dollar General in the first quarter worth about $411,000. Golden State Wealth Management LLC boosted its holdings in shares of Dollar General by 170.1% in the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock worth $48,000 after buying an additional 342 shares during the period. Blair William & Co. IL boosted its holdings in shares of Dollar General by 52.0% in the second quarter. Blair William & Co. IL now owns 5,665 shares of the company’s stock worth $648,000 after buying an additional 1,938 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Dollar General by 22.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 42,327 shares of the company’s stock worth $3,722,000 after buying an additional 7,700 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Morgan Stanley increased their price target on shares of Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. increased their price target on shares of Dollar General from $95.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 16th. Truist Financial increased their price target on shares of Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, August 29th. Finally, Loop Capital increased their price target on shares of Dollar General from $110.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dollar General has an average rating of “Hold” and an average price target of $115.40.

Dollar General Price Performance

Shares of DG opened at $101.92 on Friday. The firm has a market cap of $22.43 billion, a PE ratio of 18.87, a PEG ratio of 2.15 and a beta of 0.30. The firm’s 50 day moving average price is $105.49 and its 200 day moving average price is $104.70. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95.

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, beating the consensus estimate of $1.56 by $0.30. The firm had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, research analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. Dollar General’s dividend payout ratio (DPR) is currently 43.70%.

About Dollar General

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.