Gradient Investments LLC Makes New $1.37 Million Investment in Dollar General Corporation $DG

Key Points

• Gradient Investments LLC made a new investment in Dollar General Corporation, acquiring 12,001 shares valued at approximately $1.37 million during the second quarter.
• Recent analyst upgrades have led to increased price targets for Dollar General, with estimates now ranging from **$110** to **$130** per share.
• Dollar General announced a quarterly dividend of **$0.59** per share, with a payout date set for **October 21st** and an annualized yield of **2.3%**.

Gradient Investments LLC bought a new position in Dollar General Corporation (NYSE:DG - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,001 shares of the company's stock, valued at approximately $1,373,000.

Several other institutional investors have also recently made changes to their positions in the company. Ameriflex Group Inc. bought a new stake in Dollar General during the fourth quarter valued at about $31,000. Mountain Hill Investment Partners Corp. boosted its position in Dollar General by 66.7% in the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after buying an additional 200 shares during the last quarter. Golden State Wealth Management LLC boosted its position in Dollar General by 170.1% in the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after buying an additional 342 shares during the last quarter. CVA Family Office LLC lifted its holdings in Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after acquiring an additional 161 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new position in Dollar General in the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on DG shares. Gordon Haskett upgraded Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday, June 3rd. Loop Capital increased their price target on Dollar General from $110.00 to $120.00 and gave the stock a "hold" rating in a report on Thursday, July 10th. Oppenheimer upgraded Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 target price for the company in a report on Wednesday, June 4th. Raymond James Financial raised their target price on Dollar General from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Finally, Wells Fargo & Company increased their price target on Dollar General from $105.00 to $115.00 and gave the company an "equal weight" rating in a research report 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 given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $112.92.

Dollar General Trading Down 0.0%

NYSE:DG opened at $104.39 on Tuesday. The stock's 50 day moving average price is $110.46 and its 200 day moving average price is $100.90. The company has a market capitalization of $22.98 billion, a PE ratio of 19.33, a P/E/G ratio of 2.20 and a beta of 0.29. 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 52-week low of $66.43 and a 52-week high of $117.95.

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

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, October 7th. 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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