Hixon Zuercher LLC Sells 366 Shares of Dollar General Corporation $DG

Hixon Zuercher LLC lessened its stake in shares of Dollar General Corporation (NYSE:DG) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,299 shares of the company’s stock after selling 366 shares during the quarter. Hixon Zuercher LLC’s holdings in Dollar General were worth $1,750,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. lifted its stake in shares of Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock worth $44,000 after purchasing an additional 200 shares during the last quarter. Golden State Wealth Management LLC grew its stake in Dollar General by 170.1% in the first 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. Larson Financial Group LLC raised its holdings in 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 in the last quarter. Harbor Investment Advisory LLC lifted its position in shares of Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after buying an additional 128 shares during the last quarter. Finally, Bogart Wealth LLC boosted its holdings in shares of Dollar General by 37.6% in the 1st quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock valued at $59,000 after buying an additional 184 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Price Performance

Shares of DG opened at $101.92 on Friday. 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’s fifty day moving average price is $105.49 and its 200-day moving average price is $104.70. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $117.95. The firm has a market capitalization of $22.43 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 2.15 and a beta of 0.30.

Dollar General (NYSE:DG) last issued its 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 analyst estimates of $10.68 billion. During the same quarter last year, the business posted $1.70 EPS. The firm’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, equities research analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. Dollar General’s payout ratio is 43.70%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Gordon Haskett lowered their target price on shares of Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. Sanford C. Bernstein upped their price target on Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Wells Fargo & Company increased their price objective on Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dollar General in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat, Dollar General presently has an average 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.