Merit Financial Group LLC Increases Stock Position in Dollar General Corporation $DG

Merit Financial Group LLC raised its stake in shares of Dollar General Corporation (NYSE:DG) by 19.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,727 shares of the company’s stock after purchasing an additional 5,205 shares during the period. Merit Financial Group LLC’s holdings in Dollar General were worth $3,652,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in DG. Rosenberg Matthew Hamilton increased its holdings in shares of Dollar General by 788.1% in the second quarter. Rosenberg Matthew Hamilton now owns 373 shares of the company’s stock worth $43,000 after purchasing an additional 331 shares during the last quarter. Ballentine Partners LLC boosted its stake in Dollar General by 2.3% during the second quarter. Ballentine Partners LLC now owns 5,470 shares of the company’s stock valued at $630,000 after buying an additional 122 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in Dollar General by 34.3% during the second quarter. Fifth Third Wealth Advisors LLC now owns 5,101 shares of the company’s stock valued at $587,000 after buying an additional 1,302 shares during the last quarter. Cidel Asset Management Inc. grew its holdings in Dollar General by 5.9% during the 2nd quarter. Cidel Asset Management Inc. now owns 4,323 shares of the company’s stock valued at $498,000 after buying an additional 240 shares in the last quarter. Finally, Gallacher Capital Management LLC purchased a new position in Dollar General during the 2nd quarter valued at approximately $574,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 2.2%

Shares of DG stock opened at $122.20 on Friday. The company has a market cap of $26.96 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.82 and a beta of 0.23. Dollar General Corporation has a 1 year low of $95.11 and a 1 year high of $158.23. The stock’s 50 day simple moving average is $118.92 and its two-hundred day simple moving average is $124.81. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25.

Dollar General (NYSE:DG) last announced its earnings results on Tuesday, June 2nd. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. The firm had revenue of $10.79 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 EPS. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Research analysts predict that Dollar General Corporation will post 7.38 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, July 7th. Dollar General’s payout ratio is presently 33.38%.

Analyst Ratings Changes

DG has been the topic of several recent research reports. Gordon Haskett cut Dollar General from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $140.00 to $110.00 in a report on Friday, May 22nd. Loop Capital raised their target price on shares of Dollar General from $110.00 to $115.00 and gave the company a “hold” rating in a report on Wednesday, June 3rd. Wolfe Research restated an “outperform” rating and issued a $143.00 price target on shares of Dollar General in a research report on Thursday. Raymond James Financial reaffirmed an “outperform” rating and set a $145.00 price target on shares of Dollar General in a research note on Wednesday, June 3rd. Finally, UBS Group reiterated a “buy” rating on shares of Dollar General in a research report on Wednesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $130.42.

Dollar General Company Profile

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.