TriaGen Wealth Management LLC Invests $704,000 in Dollar General Corporation $DG

Key Points

• TriaGen Wealth Management LLC has invested approximately $704,000 in Dollar General Corporation by acquiring 6,156 shares during the second quarter.
• Dollar General recently reported quarterly earnings of $1.86 per share, exceeding analysts' estimates, and a revenue of $10.73 billion, up 5.1% year-over-year.
• The company declared a quarterly dividend of $0.59 per share, which will be paid on October 21st, reflecting a 2.4% dividend yield.

TriaGen Wealth Management LLC bought a new stake in shares of Dollar General Corporation (NYSE:DG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,156 shares of the company's stock, valued at approximately $704,000.

A number of other institutional investors have also bought and sold shares of the business. Sowell Financial Services LLC purchased a new position in shares of Dollar General in the first quarter valued at about $280,000. Robeco Institutional Asset Management B.V. lifted its holdings in Dollar General by 4.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company's stock worth $2,424,000 after purchasing an additional 1,102 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Dollar General by 74.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company's stock worth $921,000 after purchasing an additional 5,171 shares during the period. Farther Finance Advisors LLC grew its holdings in Dollar General by 48.9% during the 1st quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company's stock valued at $288,000 after buying an additional 1,081 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC purchased a new stake in Dollar General during the 1st quarter valued at approximately $879,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Price Performance

Shares of Dollar General stock opened at $98.17 on Tuesday. The stock has a market cap of $21.61 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 2.11 and a beta of 0.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. The stock has a 50 day moving average price of $108.10 and a 200-day moving average price of $103.41. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same period last year, the company earned $1.70 earnings per share. Dollar General's 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. Equities analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.4%. Dollar General's payout ratio is currently 43.70%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DG. Raymond James Financial upped their target price on shares of Dollar General from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Guggenheim reissued a "buy" rating and set a $125.00 price objective on shares of Dollar General in a report on Friday, August 29th. Weiss Ratings restated a "hold (c-)" rating on shares of Dollar General in a research report on Saturday, September 27th. JPMorgan Chase & Co. boosted their target price on Dollar General from $95.00 to $109.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 16th. Finally, Gordon Haskett cut their price target on Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $115.48.

About Dollar General

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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