7,741 Dollar General Corporation $DG Shares Bought by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management increased its Dollar General stake by 15.4% in the third quarter, adding 7,741 shares and bringing its holdings to 58,029 shares valued at approximately $6.3 million. Institutional investors and hedge funds collectively own 91.77% of DG.
• Analyst sentiment is mixed but generally constructive: 12 analysts rate the stock Buy, 16 rate it Hold, and one rates it Sell. The average price target is $137.96, with recent upgrades from HSBC and Gordon Haskett.
• Dollar General reported quarterly earnings of $2.48 per share, beating estimates of $2.01, while revenue rose 5.2% year over year to $11.29 billion. The company also pays a quarterly dividend of $0.59 per share, representing a 1.8% yield.

Axxcess Wealth Management LLC grew its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 15.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,029 shares of the company's stock after purchasing an additional 7,741 shares during the period. Axxcess Wealth Management LLC's holdings in Dollar General were worth $6,324,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DG. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Dollar General in the second quarter worth about $50,887,000. Royal London Asset Management Ltd. boosted its holdings in Dollar General by 30.7% in the second quarter. Royal London Asset Management Ltd. now owns 638,681 shares of the company's stock valued at $73,519,000 after purchasing an additional 149,869 shares during the last quarter. KBC Group NV boosted its holdings in Dollar General by 63.8% in the first quarter. KBC Group NV now owns 60,896 shares of the company's stock valued at $7,230,000 after purchasing an additional 23,710 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Dollar General in the second quarter valued at about $162,412,000. Finally, Tidal Investments LLC grew its stake in Dollar General by 31.0% during the 2nd quarter. Tidal Investments LLC now owns 80,326 shares of the company's stock valued at $9,246,000 after purchasing an additional 19,024 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DG. HSBC upgraded Dollar General from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $125.00 to $160.00 in a report on Thursday, September 24th. Gordon Haskett upgraded Dollar General from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research note on Tuesday, October 6th. Guggenheim reissued a "buy" rating and set a $140.00 price target on shares of Dollar General in a research report on Monday, August 31st. Citigroup raised their price target on shares of Dollar General from $116.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, August 28th. Finally, Barclays lifted their price target on shares of Dollar General from $148.00 to $151.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 8th. Twelve research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $137.96.

Dollar General Stock Performance

Shares of DG opened at $132.20 on Thursday. The stock has a market capitalization of $29.17 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 1.83 and a beta of 0.23. The business's fifty day moving average price is $125.30 and its 200 day moving average price is $119.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.21 and a quick ratio of 0.31. Dollar General Corporation has a 12-month low of $95.11 and a 12-month high of $158.23.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.47. The firm had revenue of $11.29 billion during the quarter, compared to analyst estimates of $11.20 billion. Dollar General had a net margin of 3.90% and a return on equity of 18.93%. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 earnings per share. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. Equities research analysts forecast that Dollar General Corporation will post 7.69 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.8%. Dollar General's dividend payout ratio is 30.69%.

About Dollar General

Dollar General Corporation NYSE: DG is a discount retailer that operates stores offering everyday essentials at value-oriented prices. Its merchandise typically includes consumable products such as food, beverages, cleaning supplies, paper products, and personal-care items, along with seasonal goods, basic apparel, home products, and select health and beauty items.

The company primarily serves communities across the United States through a large network of neighborhood-focused stores, including locations in rural and suburban markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.