23,987 Shares in Dollar General Corporation $DG Acquired by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth LLC has acquired 23,987 shares of Dollar General, valued at approximately $2.74 million, according to their recent SEC filing.
• Dollar General's quarterly earnings report showed an EPS of $1.86, exceeding estimates and reflecting a 5.1% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.59, representing an annualized yield of 2.4%, with the payment scheduled for October 21st.

SteelPeak Wealth LLC bought a new position in shares of Dollar General Corporation (NYSE:DG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,987 shares of the company's stock, valued at approximately $2,744,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Dollar General by 4.8% during the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock worth $2,324,271,000 after buying an additional 1,201,917 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in Dollar General by 8.5% during the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock worth $1,122,914,000 after buying an additional 1,003,206 shares in the last quarter. ACR Alpine Capital Research LLC boosted its holdings in Dollar General by 3.9% during the first quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company's stock worth $369,081,000 after buying an additional 155,966 shares in the last quarter. Invesco Ltd. boosted its holdings in Dollar General by 2.6% during the first quarter. Invesco Ltd. now owns 3,469,568 shares of the company's stock worth $305,079,000 after buying an additional 89,067 shares in the last quarter. Finally, Baupost Group LLC MA boosted its stake in Dollar General by 2.1% in the 1st quarter. Baupost Group LLC MA now owns 2,104,876 shares of the company's stock worth $185,082,000 after purchasing an additional 44,076 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Dollar General Price Performance

Shares of NYSE:DG opened at $96.40 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. The business has a fifty day simple moving average of $107.89 and a 200 day simple moving average of $103.36. The firm has a market cap of $21.22 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 2.07 and a beta of 0.30.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share (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 analyst estimates of $10.68 billion. During the same period last year, the company earned $1.70 earnings per share. Dollar General's quarterly revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, sell-side analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General's payout ratio is presently 43.70%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DG shares. Barclays raised their price objective on shares of Dollar General from $119.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Sanford C. Bernstein raised their price objective on shares of Dollar General from $122.00 to $134.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Gordon Haskett decreased their price objective on shares of Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. Piper Sandler raised their price objective on shares of Dollar General from $115.00 to $117.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Dollar General in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $115.40.

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.

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