Quadrant Capital Group LLC Has $1.02 Million Position in Dollar General Corporation $DG

Quadrant Capital Group LLC grew its stake in Dollar General Corporation (NYSE:DG) by 30.8% in the second quarter, HoldingsChannel.com reports. The fund owned 8,954 shares of the company’s stock after acquiring an additional 2,110 shares during the period. Quadrant Capital Group LLC’s holdings in Dollar General were worth $1,024,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DG. Atlantic Union Bankshares Corp acquired a new position in shares of Dollar General in the 2nd quarter valued at $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 in the last quarter. MTM Investment Management LLC bought a new position in shares of Dollar General during the second quarter worth about $51,000. Harbor Investment Advisory LLC grew 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 increased its stake in Dollar General by 264.6% in the 1st quarter. Manchester Capital Management LLC now owns 711 shares of the company’s stock valued at $63,000 after buying an additional 516 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on DG shares. Truist Financial increased their price target on shares of Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, August 29th. The Goldman Sachs Group downgraded shares of Dollar General from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th. Telsey Advisory Group reiterated a “market perform” rating and issued a $123.00 price target on shares of Dollar General in a research note on Wednesday, November 26th. UBS Group increased their price objective on shares of Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, Gordon Haskett decreased their target price on Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell 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 $118.14.

Dollar General Stock Up 0.5%

Shares of Dollar General stock opened at $109.36 on Monday. The stock’s 50-day moving average is $102.24 and its 200 day moving average is $106.82. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95. The firm has a market cap of $24.07 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.10 and a beta of 0.30. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.30. The firm had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.70 earnings per share. Equities research analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.

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.