Verdence Capital Advisors LLC Increases Stock Position in Dollar General Corporation $DG

Key Points

• Verdence Capital Advisors LLC raised its position in Dollar General Corporation by 8.9% during the second quarter, now owning 46,749 shares valued at approximately $5.35 million.
• Dollar General recently reported earnings of $1.86 per share, surpassing estimates by $0.30, with revenue of $10.73 billion, reflecting a 5.1% increase year-over-year.
• The company declared a quarterly dividend of $0.59 per share, which will be paid on October 21st, representing an annualized dividend yield of 2.4%.

Verdence Capital Advisors LLC raised its position in Dollar General Corporation (NYSE:DG - Free Report) by 8.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,749 shares of the company's stock after acquiring an additional 3,827 shares during the quarter. Verdence Capital Advisors LLC's holdings in Dollar General were worth $5,347,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Park Avenue Securities LLC purchased a new position in shares of Dollar General during the first quarter valued at approximately $378,000. Farther Finance Advisors LLC increased its position in shares of Dollar General by 48.9% during the first 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 during the period. GAMMA Investing LLC boosted its position in Dollar General by 23.0% during the 1st quarter. GAMMA Investing LLC now owns 6,068 shares of the company's stock valued at $534,000 after acquiring an additional 1,136 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Dollar General by 66.7% in the 1st quarter. Fifth Third Bancorp now owns 9,035 shares of the company's stock worth $794,000 after acquiring an additional 3,614 shares in the last quarter. Finally, CVA Family Office LLC grew 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 during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Trading Up 0.7%

Shares of NYSE:DG opened at $99.38 on Monday. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. The stock's fifty day moving average price is $107.44 and its 200-day moving average price is $103.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The company has a market cap of $21.88 billion, a P/E ratio of 18.40, a PEG ratio of 2.09 and a beta of 0.30.

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, beating analysts' consensus estimates of $1.56 by $0.30. The business had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business 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 year.

Dollar General Announces Dividend

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

Wall Street Analyst Weigh In

DG has been the topic of a number of recent research reports. 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. Wolfe Research initiated coverage on shares of Dollar General in a research note on Thursday, September 18th. They set an "outperform" rating and a $139.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of Dollar General from $95.00 to $109.00 and gave the company a "neutral" rating in a report on Tuesday, September 16th. Piper Sandler upped their price target on Dollar General from $115.00 to $117.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Finally, UBS Group lifted their price objective on Dollar General from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat, Dollar General has a consensus rating of "Hold" and a consensus price target of $115.40.

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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