Belpointe Asset Management LLC Takes $591,000 Position in Dollar General Corporation $DG

Key Points

• Belpointe Asset Management LLC has acquired a stake of over $591,000 in Dollar General Corporation by purchasing 5,168 shares in the second quarter.
• Dollar General reported a strong quarterly performance with earnings per share of $1.86, exceeding analyst expectations of $1.56, and revenues of $10.73 billion, reflecting a year-over-year increase of 5.1%.
• The company declared a quarterly dividend of $0.59, which translates to an annualized dividend of $2.36 and a yield of 2.4%, with a payout ratio of 43.70%.

Belpointe Asset Management LLC acquired a new stake in Dollar General Corporation (NYSE:DG - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,168 shares of the company's stock, valued at approximately $591,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its position in Dollar General by 93.2% during the 1st quarter. UMB Bank n.a. now owns 1,024 shares of the company's stock worth $90,000 after acquiring an additional 494 shares in the last quarter. Park Avenue Securities LLC acquired a new position in Dollar General during the 1st quarter worth approximately $378,000. Farther Finance Advisors LLC lifted its position in Dollar General by 48.9% during the 1st quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company's stock worth $288,000 after acquiring an additional 1,081 shares in the last quarter. GAMMA Investing LLC lifted its position in Dollar General by 23.0% during the 1st quarter. GAMMA Investing LLC now owns 6,068 shares of the company's stock worth $534,000 after acquiring an additional 1,136 shares in the last quarter. Finally, CX Institutional acquired a new position in Dollar General during the 1st quarter worth approximately $1,141,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Price Performance

Shares of NYSE DG opened at $98.72 on Friday. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $21.73 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 2.07 and a beta of 0.30. The business has a 50 day simple moving average of $107.62 and a 200-day simple moving average of $103.43.

Dollar General (NYSE:DG - Get Free Report) last issued 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. 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 the consensus estimate of $10.68 billion. During the same period in the previous year, the business earned $1.70 EPS. The business's quarterly revenue was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, equities research analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, October 7th. Dollar General's payout ratio is 43.70%.

Wall Street Analyst Weigh In

Several research firms recently commented on DG. Sanford C. Bernstein boosted their price target on Dollar General from $122.00 to $134.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Guggenheim reissued a "buy" rating and set a $125.00 price target on shares of Dollar General in a research report on Friday, August 29th. Telsey Advisory Group set a $123.00 target price on Dollar General in a research report on Friday, August 29th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Dollar General in a research report on Saturday, September 27th. Finally, UBS Group upped their target price on Dollar General from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price 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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