Summit Financial LLC Makes New $203,000 Investment in Dollar General Corporation $DG

Key Points

• Summit Financial LLC has acquired a new position in Dollar General Corporation, purchasing 2,309 shares valued at approximately $203,000 in the first quarter.
• Institutional investors own 91.77% of Dollar General's stock, with several firms increasing their stakes in the company recently.
• Dollar General announced a quarterly dividend of $0.59 per share, with a 2.1% yield and a payout ratio of 45.04%.

Summit Financial LLC purchased a new position in shares of Dollar General Corporation (NYSE:DG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,309 shares of the company's stock, valued at approximately $203,000.

Other large investors have also made changes to their positions in the company. Ameriflex Group Inc. bought a new position in Dollar General in the 4th quarter valued at approximately $31,000. Mountain Hill Investment Partners Corp. lifted its stake in Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after purchasing an additional 200 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after purchasing an additional 342 shares during the last quarter. CVA Family Office LLC lifted its stake in Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after purchasing an additional 161 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in Dollar General in the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Trading Up 0.5%

NYSE DG traded up $0.60 during mid-day trading on Thursday, reaching $111.80. 7,419,688 shares of the stock were exchanged, compared to its average volume of 2,872,020. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95. The stock has a 50 day simple moving average of $112.07 and a 200-day simple moving average of $97.86. The stock has a market cap of $24.60 billion, a P/E ratio of 21.34, a P/E/G ratio of 2.72 and a beta of 0.31. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.56 by $0.30. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The business had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter last year, the firm earned $1.70 earnings per share. Dollar General's quarterly 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. On average, analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders 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 2.1%. Dollar General's payout ratio is 45.04%.

Analyst Ratings Changes

Several brokerages recently commented on DG. Piper Sandler increased their price objective on shares of Dollar General from $112.00 to $115.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Gordon Haskett raised shares of Dollar General from a "reduce" rating to an "accumulate" rating in a research note on Tuesday, June 3rd. Loop Capital increased their price objective on shares of Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a research note on Thursday, July 10th. KeyCorp reissued a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. Finally, Oppenheimer raised shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price target for the company in a research note on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $108.80.

Insiders Place Their Bets

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were 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 directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the sale, the executive vice president owned 46,563 shares of the company's stock, valued at $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

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.