Elevate Capital Advisors LLC Raises Stake in Dollar General Corporation $DG

Key Points

• Elevate Capital Advisors LLC increased its stake in Dollar General by 211.2% in Q2, owning 26,282 shares worth approximately $3 million as of the latest SEC filing.
• Dollar General recently reported earnings of $1.86 EPS, surpassing estimates, with revenue of $10.73 billion for the quarter, an increase of 5.1% year-over-year.
• The company announced a quarterly dividend of $0.59 per share, representing an annualized payout of $2.36 and a dividend yield of 2.4%.

Elevate Capital Advisors LLC grew its stake in Dollar General Corporation (NYSE:DG - Free Report) by 211.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,282 shares of the company's stock after purchasing an additional 17,837 shares during the quarter. Dollar General makes up approximately 2.4% of Elevate Capital Advisors LLC's investment portfolio, making the stock its 8th largest holding. Elevate Capital Advisors LLC's holdings in Dollar General were worth $3,006,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DG. Wealth Enhancement Advisory Services LLC raised its position in shares of Dollar General by 74.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company's stock valued at $921,000 after purchasing an additional 5,171 shares during the period. Wellington Management Group LLP raised its position in shares of Dollar General by 4.5% in the fourth quarter. Wellington Management Group LLP now owns 32,507 shares of the company's stock valued at $2,465,000 after purchasing an additional 1,410 shares during the period. Parallel Advisors LLC raised its position in shares of Dollar General by 40.1% in the first quarter. Parallel Advisors LLC now owns 1,767 shares of the company's stock valued at $155,000 after purchasing an additional 506 shares during the period. NBC Securities Inc. raised its position in shares of Dollar General by 103,550.0% in the first quarter. NBC Securities Inc. now owns 4,146 shares of the company's stock valued at $364,000 after purchasing an additional 4,142 shares during the period. Finally, Merit Financial Group LLC bought a new position in shares of Dollar General in the first quarter valued at about $457,000. 91.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DG. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Dollar General in a research report on Saturday, September 27th. Morgan Stanley lifted their price objective 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 price objective 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. Evercore ISI dropped their price objective on shares of Dollar General from $118.00 to $114.00 and set an "in-line" rating for the company in a research note on Tuesday, September 23rd. Finally, UBS Group lifted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $115.48.

Dollar General Price Performance

Shares of NYSE:DG opened at $100.07 on Friday. The firm has a 50 day moving average of $108.26 and a 200-day moving average of $103.01. The stock has a market capitalization of $22.03 billion, a PE ratio of 18.53, a PEG ratio of 2.13 and a beta of 0.30. 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 12 month low of $66.43 and a 12 month high of $117.95.

Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.56 by $0.30. The company had revenue of $10.73 billion during the quarter, compared to analysts' expectations of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, equities research analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders 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 annualized dividend and a dividend yield of 2.4%. Dollar General's payout ratio is presently 43.70%.

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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