ABLE Financial Group LLC Invests $649,000 in Dollar General Corporation $DG

Key Points

• ABLE Financial Group LLC invested approximately $649,000 in Dollar General Corporation, acquiring a total of 5,675 shares in the 2nd quarter of the year.
• Dollar General reported earnings of $1.86 per share for the most recent quarter, exceeding analyst expectations of $1.56, while also achieving a revenue of $10.73 billion.
• The company announced a quarterly dividend of $0.59 per share, with an ex-dividend date set for October 7th, representing a 2.3% yield.

ABLE Financial Group LLC purchased a new stake in shares of Dollar General Corporation (NYSE:DG - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,675 shares of the company's stock, valued at approximately $649,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Ameriflex Group Inc. bought a new stake in shares of Dollar General in the fourth quarter valued at approximately $31,000. Harbor Investment Advisory LLC raised its position in shares of Dollar General by 35.2% in the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company's stock valued at $56,000 after purchasing an additional 128 shares during the period. Mountain Hill Investment Partners Corp. grew its stake in 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 acquiring an additional 200 shares in the last quarter. Golden State Wealth Management LLC grew its stake in 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 acquiring an additional 342 shares in the last quarter. Finally, CVA Family Office LLC grew its stake in Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after acquiring an additional 161 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

Dollar General Trading Down 0.1%

DG stock traded down $0.11 during mid-day trading on Monday, reaching $102.00. 3,549,247 shares of the stock traded hands, compared to its average volume of 3,296,188. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95. The stock has a market capitalization of $22.45 billion, a PE ratio of 18.89, a PEG ratio of 2.15 and a beta of 0.29. The business has a 50-day moving average price of $109.59 and a two-hundred day moving average price of $101.91.

Dollar General (NYSE:DG - Get Free Report) last issued its earnings results 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. The company had revenue of $10.73 billion for the quarter, compared to analysts' expectations of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts expect 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. Investors of record on Tuesday, October 7th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General's dividend payout ratio (DPR) is presently 43.70%.

Analyst Upgrades and Downgrades

DG has been the subject of a number of research reports. Oppenheimer raised shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price target for the company in a research note on Wednesday, June 4th. JPMorgan Chase & Co. upped their price objective on shares of Dollar General from $95.00 to $109.00 and gave the stock a "neutral" rating in a report on Tuesday, September 16th. Gordon Haskett raised shares of Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group downgraded shares of Dollar General from a "buy" rating to a "neutral" rating and increased their price objective for the company from $115.00 to $116.00 in a research report on Tuesday, June 24th. Finally, Barclays increased their price objective on shares of Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $114.52.

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.