111 Capital Invests $1.06 Million in Dollar General Corporation $DG

111 Capital bought a new stake in Dollar General Corporation (NYSE:DG) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 9,244 shares of the company’s stock, valued at approximately $1,057,000.

Several other hedge funds have also recently made changes to their positions in DG. Wealth Enhancement Advisory Services LLC increased its position in shares of Dollar General by 74.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company’s stock valued at $921,000 after acquiring an additional 5,171 shares during the period. NBC Securities Inc. increased its position in shares of Dollar General by 103,550.0% in the 1st quarter. NBC Securities Inc. now owns 4,146 shares of the company’s stock valued at $364,000 after acquiring an additional 4,142 shares during the period. Merit Financial Group LLC acquired a new position in shares of Dollar General in the 1st quarter valued at $457,000. RFG Advisory LLC acquired a new position in shares of Dollar General in the 1st quarter valued at $213,000. Finally, Eagle Rock Investment Company LLC increased its position in shares of Dollar General by 0.5% in the 1st quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company’s stock valued at $2,548,000 after acquiring an additional 156 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Trading Down 1.3%

DG stock opened at $100.07 on Friday. The company’s 50-day simple moving average is $108.26 and its 200-day simple moving average is $103.16. 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 52-week low of $66.43 and a 52-week high of $117.95. The firm has a market cap of $22.03 billion, a P/E ratio of 18.53, a PEG ratio of 2.11 and a beta of 0.30.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (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 period in the prior year, the company posted $1.70 EPS. 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. As a group, equities analysts forecast that Dollar General Corporation will post 5.75 EPS 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 paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General’s dividend payout ratio is presently 43.70%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Dollar General from $95.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday, September 16th. Raymond James Financial upped their price target on shares of Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Wells Fargo & Company upped their price target on shares of Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Loop Capital upped their price target on shares of Dollar General from $110.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, July 10th. Finally, Evercore ISI lowered their price target on shares of Dollar General from $118.00 to $114.00 and set an “in-line” rating on the stock in a report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.