Focus Partners Advisor Solutions LLC Purchases Shares of 2,826 Dollar General Corporation $DG

Key Points

• Focus Partners Advisor Solutions LLC acquired a new stake in Dollar General Corporation, purchasing 2,826 shares valued at approximately $249,000 during the first quarter.
• Dollar General recently reported a quarterly EPS of $1.86, beating analysts' expectations, with revenue of $10.73 billion—up 5.1% year-over-year.
• The company announced a quarterly dividend of $0.59, representing a yield of 2.2%, to be paid on October 21st for investors of record by October 7th.

Focus Partners Advisor Solutions LLC purchased a new stake in Dollar General Corporation (NYSE:DG - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,826 shares of the company's stock, valued at approximately $249,000.

Other large investors have also recently bought and sold shares of the company. Ameriflex Group Inc. bought a new stake in Dollar General in the fourth quarter valued at $31,000. Mountain Hill Investment Partners Corp. boosted its stake in Dollar General by 66.7% in the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after purchasing an additional 200 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in Dollar General by 170.1% in the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after purchasing an additional 342 shares in the last quarter. CVA Family Office LLC boosted its stake in Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after purchasing an additional 161 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in Dollar General in the fourth quarter worth $52,000. 91.77% of the stock is currently owned by institutional investors.

Dollar General Trading Up 0.7%

Shares of DG opened at $109.25 on Monday. The company has a quick ratio of 0.27, a current ratio of 1.25 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. The firm has a market capitalization of $24.05 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 2.31 and a beta of 0.29. The stock's fifty day simple moving average is $111.58 and its 200-day simple moving average is $99.67.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.30. The business had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The firm's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, October 7th. Dollar General's dividend payout ratio is currently 43.70%.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of recent analyst reports. Barclays boosted their price objective on Dollar General from $119.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a research note on Tuesday, June 3rd. Bank of America boosted their price objective on Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Telsey Advisory Group set a $123.00 price objective on Dollar General in a research note on Friday, August 29th. Finally, Guggenheim reaffirmed a "buy" rating and set a $125.00 price target on shares of Dollar General in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fifteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $112.92.

Insider Activity

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the completion of the sale, the executive vice president directly owned 46,563 shares in the company, valued at $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the sale, the executive vice president owned 41,646 shares of the company's stock, valued at $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

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.

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