5,263 Shares in Dollar General Corporation $DG Purchased by Turtle Creek Wealth Advisors LLC

Key Points

• Turtle Creek Wealth Advisors LLC acquired 5,263 shares of Dollar General Corporation valued at approximately $602,000 during the second quarter.
• The company announced a quarterly dividend of $0.59 per share, representing an annualized yield of 2.3%, to be paid on October 21st.
• Dollar General's recent earnings per share report was $1.86, surpassing analysts' expectations of $1.56, with revenue increasing by 5.1% year-over-year.

Turtle Creek Wealth Advisors LLC purchased a new stake in Dollar General Corporation (NYSE:DG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,263 shares of the company's stock, valued at approximately $602,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Mountain Hill Investment Partners Corp. lifted its stake in shares of Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after buying an additional 200 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after buying an additional 342 shares during the period. Larson Financial Group LLC lifted its stake in shares of Dollar General by 384.3% during the first quarter. Larson Financial Group LLC now owns 615 shares of the company's stock valued at $54,000 after buying an additional 488 shares during the period. Harbor Investment Advisory LLC lifted its stake in shares of Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company's stock valued at $56,000 after buying an additional 128 shares during the period. Finally, Bogart Wealth LLC lifted its stake in shares of Dollar General by 37.6% during the first quarter. Bogart Wealth LLC now owns 674 shares of the company's stock valued at $59,000 after buying an additional 184 shares during the period. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Price Performance

Dollar General stock opened at $103.87 on Friday. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $117.95. The firm has a fifty day moving average of $106.75 and a 200-day moving average of $104.02. The firm has a market capitalization of $22.86 billion, a P/E ratio of 19.24, a PEG ratio of 2.24 and a beta of 0.30. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.30. The business had revenue of $10.73 billion during 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 business's revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, October 7th. Dollar General's dividend payout ratio is 43.70%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Dollar General from $95.00 to $109.00 and gave the company a "neutral" rating in a research note on Tuesday, September 16th. Raymond James Financial upped their price target on shares of Dollar General from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Evercore ISI dropped their price target on shares of Dollar General from $114.00 to $112.00 and set an "in-line" rating for the company in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Dollar General in a research report on Tuesday. Finally, Loop Capital upped 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 assigned a Buy rating and sixteen have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $115.40.

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.

Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corporation (NYSE:DG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.