Donoghue Forlines LLC Invests $2.77 Million in Dollar General Corporation $DG

Donoghue Forlines LLC acquired a new stake in shares of Dollar General Corporation (NYSE:DG) in the second quarter, Holdings Channel reports. The firm acquired 24,248 shares of the company’s stock, valued at approximately $2,773,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp bought a new stake in shares of Dollar General during the second quarter valued at approximately $26,000. Hantz Financial Services Inc. increased its holdings in Dollar General by 46.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock worth $50,000 after purchasing an additional 140 shares during the period. Larson Financial Group LLC increased its holdings in Dollar General by 384.3% during the 1st 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 period. Harbor Investment Advisory LLC raised its position in Dollar General by 35.2% during the 2nd 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. Finally, Manchester Capital Management LLC lifted its holdings in shares of Dollar General by 264.6% in the 1st quarter. Manchester Capital Management LLC now owns 711 shares of the company’s stock worth $63,000 after buying an additional 516 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Gordon Haskett dropped their price target on Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a research report on Tuesday. Evercore ISI reduced their price target on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating for the company in a report on Tuesday, October 7th. Morgan Stanley increased their price objective on shares of Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Finally, Wells Fargo & Company lifted their price objective 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. One investment 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 company. According to data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and a consensus price target of $115.64.

Dollar General Price Performance

NYSE DG opened at $104.30 on Friday. The firm’s fifty day simple moving average is $102.57 and its two-hundred day simple moving average is $105.62. The firm has a market capitalization of $22.96 billion, a P/E ratio of 19.31, a P/E/G ratio of 2.10 and a beta of 0.30. The company has a current ratio of 1.25, a quick ratio of 0.27 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.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share 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 firm had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter last year, the firm earned $1.70 EPS. The business’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. Analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, October 7th. Dollar General’s dividend payout ratio (DPR) is presently 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.