Dollar General Corporation $DG Stake Boosted by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its stake in Dollar General by 95.8% in the second quarter, owning 11,884 shares worth approximately $1.36 million following additional acquisitions.
• Dollar General reported earnings of $1.86 per share for the last quarter, exceeding analysts' estimates, with a revenue increase of 5.1% year-over-year.
• The company announced a quarterly dividend of $0.59, set to be paid on October 21st, reflecting an annualized yield of 2.3%.

GAMMA Investing LLC increased its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 95.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,884 shares of the company's stock after acquiring an additional 5,816 shares during the period. GAMMA Investing LLC's holdings in Dollar General were worth $1,359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DG. ABLE Financial Group LLC acquired a new position in Dollar General in the 2nd quarter worth about $649,000. U.S. Capital Wealth Advisors LLC bought a new position in Dollar General during the second quarter valued at approximately $238,000. Park Avenue Securities LLC lifted its stake in Dollar General by 42.8% in the second quarter. Park Avenue Securities LLC now owns 6,137 shares of the company's stock valued at $702,000 after acquiring an additional 1,838 shares during the last quarter. Border to Coast Pensions Partnership Ltd bought a new stake in Dollar General in the second quarter worth approximately $23,354,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Dollar General by 177.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 9,119 shares of the company's stock worth $1,043,000 after purchasing an additional 5,827 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Stock Down 0.1%

DG opened at $102.00 on Tuesday. The business has a 50 day moving average of $109.59 and a 200-day moving average of $101.91. The stock has a market capitalization of $22.45 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 2.15 and a beta of 0.29. 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 1-year low of $66.43 and a 1-year high of $117.95.

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 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 period in the prior year, the firm earned $1.70 EPS. The business'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. As a group, sell-side analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current 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 $0.59 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. Dollar General's dividend payout ratio (DPR) is currently 43.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DG shares. JPMorgan Chase & Co. upped their price objective on shares of Dollar General from $95.00 to $109.00 and gave the stock a "neutral" rating in a report on Tuesday, September 16th. Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. Citigroup boosted their target price on Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Evercore ISI upped their target price on Dollar General from $118.00 to $120.00 and gave the stock an "in-line" rating in a research report on Tuesday, August 12th. Finally, Raymond James Financial boosted their price objective 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 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $115.75.

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.

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.