Dollar General Corporation $DG Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC boosted its holdings in Dollar General Corporation (NYSE:DG) by 499.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 105,896 shares of the company’s stock after buying an additional 88,234 shares during the quarter. Wealthfront Advisers LLC’s holdings in Dollar General were worth $12,112,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DG. GAMMA Investing LLC grew its position in Dollar General by 23.0% in the first quarter. GAMMA Investing LLC now owns 6,068 shares of the company’s stock worth $534,000 after buying an additional 1,136 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Dollar General by 84.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,351 shares of the company’s stock worth $1,965,000 after buying an additional 10,209 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Dollar General by 22.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 42,327 shares of the company’s stock worth $3,722,000 after buying an additional 7,700 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Dollar General by 29.5% in the first quarter. Oppenheimer & Co. Inc. now owns 7,313 shares of the company’s stock worth $643,000 after buying an additional 1,665 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its position in Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock worth $48,000 after purchasing an additional 342 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Telsey Advisory Group set a $123.00 price objective on shares of Dollar General in a research report on Friday, August 29th. Raymond James Financial lifted their price objective 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. Barclays lifted their price objective on shares of Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Wolfe Research assumed coverage on shares of Dollar General in a research report on Thursday, September 18th. They set an “outperform” rating and a $139.00 price objective on the stock. Finally, Loop Capital lifted their price objective on shares of Dollar General from $110.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $115.40.

Dollar General Trading Down 1.0%

Dollar General stock opened at $101.92 on Monday. The company’s fifty day simple moving average is $105.49 and its 200-day simple moving average is $104.83. 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 12 month low of $66.43 and a 12 month high of $117.95. The stock has a market cap of $22.43 billion, a P/E ratio of 18.87, a P/E/G ratio of 2.15 and a beta of 0.30.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating 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 analysts’ expectations of $10.68 billion. During the same period in the previous year, the company posted $1.70 EPS. 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. As a group, sell-side analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

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

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.