Callan Family Office LLC Takes Position in Dollar General Corporation $DG

Key Points

• Callan Family Office LLC acquired a new stake in Dollar General Corporation, purchasing 4,187 shares valued at approximately $479,000 in the second quarter.
• Dollar General reported quarterly earnings of $1.86 EPS, exceeding analysts' expectations of $1.56, with a revenue of $10.73 billion for the quarter.
• The company declared a quarterly dividend of $0.59 per share, reflecting a 2.3% yield, with an ex-dividend date set for October 7th.

Callan Family Office LLC purchased a new stake in shares of Dollar General Corporation (NYSE:DG - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 4,187 shares of the company's stock, valued at approximately $479,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Harbor Investment Advisory LLC raised its position in shares of Dollar General by 35.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company's stock worth $56,000 after purchasing an additional 128 shares during the last quarter. Mountain Hill Investment Partners Corp. raised its position in shares of Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after purchasing an additional 200 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after purchasing an additional 342 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Dollar General by 384.3% during the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company's stock worth $54,000 after purchasing an additional 488 shares during the last quarter. Finally, Bogart Wealth LLC raised its position in shares of Dollar General by 37.6% during the 1st quarter. Bogart Wealth LLC now owns 674 shares of the company's stock worth $59,000 after purchasing an additional 184 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Up 1.9%

Shares of Dollar General stock opened at $103.82 on Wednesday. The company has a fifty day moving average price of $107.12 and a 200 day moving average price of $103.90. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The stock has a market cap of $22.85 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 2.14 and a beta of 0.30.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The firm had revenue of $10.73 billion during the quarter, compared to analysts' expectations of $10.68 billion. During the same period in the prior year, the company earned $1.70 EPS. The firm's 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. Equities research analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be given 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 of this dividend is Tuesday, October 7th. Dollar General's dividend payout ratio is 43.70%.

Analysts Set New Price Targets

DG has been the subject of several research reports. Raymond James Financial lifted their price objective on Dollar General from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Morgan Stanley lifted their target price on shares of Dollar General from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. Piper Sandler lifted their target price on shares of Dollar General from $115.00 to $117.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. UBS Group lifted their target price on shares of Dollar General from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $125.00 target price on shares of Dollar General in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat, Dollar General currently has an average rating of "Hold" and an average target price 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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