Bar Harbor Wealth Management Purchases Shares of 79,279 Dollar General Corporation $DG

Key Points

• Bar Harbor Wealth Management purchased 79,279 shares of Dollar General Corporation (NYSE:DG) for approximately $9,068,000 during the second quarter.
• Dollar General reported a quarterly earnings per share of $1.86, surpassing estimates, and had a revenue of $10.73 billion, reflecting a 5.1% year-over-year increase.
• The company announced a quarterly dividend of $0.59 per share, with a yield of 2.4%, set to be paid on October 21st.

Bar Harbor Wealth Management purchased a new stake in shares of Dollar General Corporation (NYSE:DG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 79,279 shares of the company's stock, valued at approximately $9,068,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DG. Venturi Wealth Management LLC lifted its stake in shares of Dollar General by 83.1% in the 2nd quarter. Venturi Wealth Management LLC now owns 5,399 shares of the company's stock valued at $618,000 after acquiring an additional 2,450 shares during the last quarter. Shell Asset Management Co. lifted its stake in shares of Dollar General by 63.1% in the 2nd quarter. Shell Asset Management Co. now owns 12,496 shares of the company's stock valued at $1,429,000 after acquiring an additional 4,835 shares during the last quarter. TriaGen Wealth Management LLC bought a new stake in shares of Dollar General in the 2nd quarter valued at about $704,000. KLP Kapitalforvaltning AS lifted its stake in shares of Dollar General by 10.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 85,669 shares of the company's stock valued at $9,799,000 after acquiring an additional 7,800 shares during the last quarter. Finally, SteelPeak Wealth LLC bought a new stake in shares of Dollar General in the 2nd quarter valued at about $2,744,000. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Performance

Dollar General stock opened at $98.20 on Thursday. The stock's 50 day simple moving average is $107.75 and its two-hundred day simple moving average is $103.32. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. The stock has a market cap of $21.61 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 2.03 and a beta of 0.30. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.30. The business had revenue of $10.73 billion for the quarter, compared to analysts' expectations of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The business's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a 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 research analysts have recently weighed in on the company. Barclays boosted their target price on Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Truist Financial boosted their target price on Dollar General from $119.00 to $120.00 and gave the company a "hold" rating in a research note on Friday, August 29th. JPMorgan Chase & Co. raised their target price on Dollar General from $95.00 to $109.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 16th. Weiss Ratings reissued a "hold (c-)" rating on shares of Dollar General in a research note on Saturday, September 27th. Finally, Wells Fargo & Company raised their target price on Dollar General from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $115.40.

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.

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