Journey Strategic Wealth LLC Makes New Investment in Dollar General Corporation $DG

Journey Strategic Wealth LLC purchased a new position in shares of Dollar General Corporation (NYSE:DG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,101 shares of the company’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp acquired a new position in Dollar General during the second quarter worth about $26,000. Hantz Financial Services Inc. lifted its position in shares of Dollar General by 46.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock valued at $50,000 after acquiring an additional 140 shares during the period. MTM Investment Management LLC purchased a new stake in shares of Dollar General during the 2nd quarter worth approximately $51,000. Harbor Investment Advisory LLC boosted its stake in shares of Dollar General by 35.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after acquiring an additional 128 shares in the last quarter. Finally, Manchester Capital Management LLC grew 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 acquiring an additional 516 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Up 0.2%

Shares of NYSE DG opened at $101.90 on Tuesday. The firm has a market cap of $22.43 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. The firm’s 50 day moving average price is $102.00 and its 200 day moving average price is $106.29.

Dollar General (NYSE:DG) last issued its quarterly earnings results 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 company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the prior year, the company posted $1.70 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, sell-side analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a 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%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial lifted their price objective on Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, August 29th. Guggenheim reissued a “buy” rating and issued a $125.00 price objective on shares of Dollar General in a research note on Friday, August 29th. UBS Group raised their target price on shares of Dollar General from $128.00 to $135.00 and gave the company a “buy” rating in a report on Friday, August 29th. The Goldman Sachs Group downgraded shares of Dollar General from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. Finally, Loop Capital lowered their price target on shares of Dollar General from $120.00 to $100.00 and set a “hold” rating on the stock in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Dollar General currently has an average rating of “Hold” and a consensus price target of $118.14.

Dollar General Company 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.