Flossbach Von Storch SE Takes $81.18 Million Position in Dollar General Corporation $DG

Flossbach Von Storch SE acquired a new stake in Dollar General Corporation (NYSE:DG) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 705,223 shares of the company’s stock, valued at approximately $81,178,000.

Several other hedge funds have also recently bought and sold shares of DG. Great Lakes Advisors LLC acquired a new stake in shares of Dollar General in the second quarter worth about $2,574,000. Danske Bank A S acquired a new position in shares of Dollar General during the 2nd quarter valued at about $11,182,000. Plato Investment Management Ltd bought a new position in shares of Dollar General in the 2nd quarter valued at approximately $696,000. Bank of New York Mellon Corp acquired a new stake in Dollar General in the 2nd quarter worth approximately $162,412,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Dollar General in the 2nd quarter worth approximately $33,649,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Trading Up 1.1%

Shares of DG stock opened at $122.11 on Thursday. The firm has a market capitalization of $26.94 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 1.84 and a beta of 0.23. Dollar General Corporation has a 1 year low of $95.11 and a 1 year high of $158.23. The firm’s fifty day simple moving average is $120.06 and its 200 day simple moving average is $124.12. The company has a current ratio of 1.17, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The firm had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.78 EPS. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. As a group, sell-side analysts predict that Dollar General Corporation will post 7.38 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, July 7th. Dollar General’s dividend payout ratio (DPR) is presently 33.38%.

Analysts Set New Price Targets

Several equities analysts have commented on DG shares. Truist Financial increased their price target on Dollar General from $109.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, June 2nd. Wolfe Research reiterated an “outperform” rating and issued a $143.00 target price on shares of Dollar General in a research note on Thursday, August 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dollar General in a report on Wednesday, July 8th. Morgan Stanley cut their target price on shares of Dollar General from $150.00 to $132.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Finally, Telsey Advisory Group lowered their price target on Dollar General from $140.00 to $125.00 and set a “market perform” rating on the stock in a research report on Wednesday, June 3rd. Ten analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Dollar General currently has an average rating of “Hold” and an average target price of $130.42.

About Dollar General

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.