Hudson Edge Investment Partners Inc. Has $5.95 Million Position in Dollar General Corporation $DG

Hudson Edge Investment Partners Inc. lessened its holdings in shares of Dollar General Corporation (NYSE:DG) by 23.6% in the second quarter, HoldingsChannel.com reports. The firm owned 51,997 shares of the company’s stock after selling 16,064 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Dollar General were worth $5,947,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. increased its position in shares of Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock worth $44,000 after acquiring an additional 200 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in 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 purchasing an additional 342 shares during the last quarter. CVA Family Office LLC increased its holdings in Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company’s stock worth $50,000 after purchasing an additional 161 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Dollar General by 384.3% in the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock worth $54,000 after purchasing an additional 488 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Dollar General by 35.2% in the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after purchasing an additional 128 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Price Performance

DG opened at $101.51 on Friday. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95. The firm has a 50-day moving average of $108.41 and a 200 day moving average of $102.89. 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 firm has a market cap of $22.34 billion, a P/E ratio of 18.80, a PEG ratio of 2.10 and a beta of 0.30.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the previous year, the firm posted $1.70 earnings per share. The company’s revenue for the quarter 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, research analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $2.36 annualized dividend and a yield of 2.3%. Dollar General’s dividend payout ratio is presently 43.70%.

Analysts Set New Price Targets

DG has been the subject of several recent research reports. Guggenheim reiterated a “buy” rating and set a $125.00 price target on shares of Dollar General in a report on Friday, August 29th. Morgan Stanley upped their target price on shares of Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Telsey Advisory Group set a $123.00 target price on shares of Dollar General in a report on Friday, August 29th. Loop Capital boosted their price target on shares of Dollar General from $110.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday, July 10th. Finally, Wells Fargo & Company increased their price objective on shares of Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $115.48.

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.