Bank of Nova Scotia Has $7.37 Million Stake in Dollar General Corporation $DG

Bank of Nova Scotia lifted its stake in Dollar General Corporation (NYSE:DG) by 393.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,391 shares of the company’s stock after buying an additional 51,354 shares during the period. Bank of Nova Scotia’s holdings in Dollar General were worth $7,365,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC acquired a new position in Dollar General in the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp bought a new position in shares of Dollar General in the second quarter worth $26,000. Hantz Financial Services Inc. raised its stake in Dollar General by 46.8% in the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock valued at $50,000 after purchasing an additional 140 shares in the last quarter. MTM Investment Management LLC bought a new stake in Dollar General during the second quarter worth about $51,000. Finally, Harbor Investment Advisory LLC grew its stake in Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after buying an additional 128 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 0.2%

NYSE DG opened at $125.77 on Thursday. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $135.08. The business’s fifty day moving average is $105.09 and its 200 day moving average is $107.98. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The company has a market cap of $27.68 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 2.29 and a beta of 0.27.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.95 by $0.33. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The firm had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period last year, the company earned $0.89 earnings per share. The business’s quarterly revenue 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, sell-side analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, January 6th. Dollar General’s payout ratio is presently 40.76%.

Analyst Ratings Changes

DG has been the subject of several analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $130.00 target price (up from $123.00) on shares of Dollar General in a research report on Thursday, December 4th. Gordon Haskett upgraded shares of Dollar General from an “accumulate” rating to a “buy” rating in a research report on Thursday, December 4th. The Goldman Sachs Group raised Dollar General from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. BNP Paribas Exane lifted their price target on Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Finally, Daiwa Capital Markets upped their price objective on Dollar General from $113.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat, Dollar General has a consensus rating of “Hold” and a consensus target price of $126.80.

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.