Dollar General Corporation $DG Shares Purchased by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Dollar General by 23.8%, owning 27,678 shares valued at approximately $3.16 million following the purchase of an additional 5,327 shares.
• Dollar General's stock opened at $102.06 and has a market capitalization of $22.46 billion, accompanied by a recent quarterly dividend announcement of $0.59 per share.
• Several analysts have adjusted their price targets for Dollar General, with the consensus target set at $115.48, while the latest earnings report showed an EPS of $1.86 versus an estimated $1.56.

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 23.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,678 shares of the company's stock after acquiring an additional 5,327 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Dollar General were worth $3,158,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in Dollar General by 5,440.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company's stock worth $139,155,000 after buying an additional 1,554,004 shares during the last quarter. Royal Bank of Canada boosted its holdings in Dollar General by 251.6% in the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company's stock worth $178,983,000 after buying an additional 1,456,549 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Dollar General by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock worth $2,324,271,000 after buying an additional 1,201,917 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in Dollar General by 8.5% in the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock worth $1,122,914,000 after buying an additional 1,003,206 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Dollar General by 10,718.3% in the 1st quarter. GAMMA Investing LLC now owns 533,559 shares of the company's stock worth $46,916,000 after buying an additional 528,627 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Down 0.8%

Dollar General stock opened at $102.06 on Friday. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week 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. The firm has a 50 day moving average price of $108.95 and a 200 day moving average price of $102.24. The company has a market capitalization of $22.46 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 2.16 and a beta of 0.29.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results 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. 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 the consensus estimate of $10.68 billion. During the same quarter last year, the firm earned $1.70 EPS. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. 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 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, October 7th. Dollar General's dividend payout ratio (DPR) is 43.70%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DG shares. Evercore ISI lowered their price objective on Dollar General from $118.00 to $114.00 and set an "in-line" rating on the stock in a report on Tuesday. Guggenheim reissued a "buy" rating and issued a $125.00 target price on shares of Dollar General in a research note on Friday, August 29th. Wells Fargo & Company raised their target price on shares of Dollar General from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. Gordon Haskett decreased their target price on shares of Dollar General from $130.00 to $115.00 in a research note on Friday. Finally, Raymond James Financial raised their target price on shares of Dollar General from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $115.48.

Dollar General 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.

Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corporation (NYSE:DG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.