Mutual Advisors LLC Grows Position in Dollar General Corporation $DG

Key Points

• Mutual Advisors LLC increased its holdings in Dollar General Corporation by 49.1% during the second quarter, now owning 8,491 shares valued at approximately $913,000.
• Wall Street analysts have varying target prices for Dollar General, with Barclays raising their price target to $127.00 and Wolfe Research giving a price objective of $139.00.
• Dollar General announced a quarterly dividend of $0.59 to be paid on October 21st, signaling a 2.2% dividend yield based on an annualized amount of $2.36.

Mutual Advisors LLC raised its position in Dollar General Corporation (NYSE:DG - Free Report) by 49.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,491 shares of the company's stock after purchasing an additional 2,798 shares during the quarter. Mutual Advisors LLC's holdings in Dollar General were worth $913,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. raised its holdings in shares of Dollar General by 66.7% during the 1st 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 period. Golden State Wealth Management LLC raised its holdings in shares of Dollar General by 170.1% during the 1st 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 period. Larson Financial Group LLC raised its holdings in shares of Dollar General by 384.3% during the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company's stock valued at $54,000 after buying an additional 488 shares during the period. Harbor Investment Advisory LLC raised its holdings in shares of Dollar General by 35.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company's stock valued at $56,000 after buying an additional 128 shares during the period. Finally, Bogart Wealth LLC raised its holdings in shares of Dollar General by 37.6% during the 1st quarter. Bogart Wealth LLC now owns 674 shares of the company's stock valued at $59,000 after buying an additional 184 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DG shares. Evercore ISI dropped their target price on Dollar General from $114.00 to $112.00 and set an "in-line" rating on the stock in a report on Tuesday, October 7th. Barclays raised their target price on Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, August 29th. 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. Wolfe Research started coverage on Dollar General in a research note on Thursday, September 18th. They set an "outperform" rating and a $139.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on Dollar General from $95.00 to $109.00 and gave the company a "neutral" rating in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $115.40.

Dollar General Price Performance

Shares of NYSE DG opened at $105.79 on Friday. The firm has a market cap of $23.29 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.23 and a beta of 0.30. The business has a 50 day moving average price of $106.54 and a two-hundred day moving average price of $104.25. 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 fifty-two week low of $66.43 and a fifty-two week 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, topping the consensus estimate of $1.56 by $0.30. The company had revenue of $10.73 billion during 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 business's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Sell-side analysts expect that Dollar General Corporation will post 5.75 earnings per share 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 2.2%. Dollar General's dividend payout ratio (DPR) is presently 43.70%.

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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