Cwm LLC Purchases 5,898 Shares of Dollar General Corporation $DG

Key Points

• Cwm LLC increased its holdings in Dollar General Corporation by 82.9% in Q2, owning a total of 13,016 shares worth approximately $1.49 million.
• Dollar General reported a Q2 earnings per share (EPS) of $1.86, exceeding analyst estimates by $0.30, with a revenue of $10.73 billion, a 5.1% increase from the previous year.
• The company announced a quarterly dividend of $0.59 per share, set to be paid on October 21st, which represents a 2.2% dividend yield.

Cwm LLC raised its position in Dollar General Corporation (NYSE:DG - Free Report) by 82.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,016 shares of the company's stock after purchasing an additional 5,898 shares during the quarter. Cwm LLC's holdings in Dollar General were worth $1,489,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Blue Trust Inc. grew its position in Dollar General by 5.8% in the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company's stock valued at $229,000 after acquiring an additional 110 shares during the last quarter. Tectonic Advisors LLC boosted its stake in shares of Dollar General by 1.9% during the second quarter. Tectonic Advisors LLC now owns 6,037 shares of the company's stock valued at $691,000 after purchasing an additional 113 shares during the period. Ancora Advisors LLC grew its holdings in shares of Dollar General by 1.7% in the first quarter. Ancora Advisors LLC now owns 7,258 shares of the company's stock worth $638,000 after purchasing an additional 122 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in Dollar General by 35.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company's stock worth $56,000 after buying an additional 128 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Dollar General by 18.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,056 shares of the company's stock valued at $121,000 after buying an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Stock Performance

Shares of Dollar General stock opened at $106.56 on Tuesday. The company has a market capitalization of $23.45 billion, a PE ratio of 19.73, a P/E/G ratio of 2.23 and a beta of 0.30. The company has a 50-day simple moving average of $106.38 and a two-hundred day simple moving average of $104.41. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95. 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 (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the previous year, the firm earned $1.70 EPS. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Research analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, October 7th. Dollar General's dividend payout ratio is currently 43.70%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wolfe Research began coverage on shares of Dollar General in a research note on Thursday, September 18th. They set an "outperform" rating and a $139.00 price target for the company. Loop Capital lifted their target price on Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a research report on Thursday, July 10th. UBS Group upped their target price on Dollar General from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Wells Fargo & Company raised their price target on Dollar General from $105.00 to $115.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Finally, Piper Sandler lifted their price objective on Dollar General from $115.00 to $117.00 and gave the company a "neutral" rating in a report 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 assigned a Hold rating to the stock. Based on data from MarketBeat, Dollar General has a consensus rating of "Hold" and a consensus price target 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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