Donoghue Forlines LLC Takes $2.77 Million Position in Dollar General Corporation $DG

Donoghue Forlines LLC acquired a new position in Dollar General Corporation (NYSE:DG) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 24,248 shares of the company’s stock, valued at approximately $2,773,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DG. Atlantic Union Bankshares Corp bought a new position in Dollar General in the 2nd quarter worth approximately $26,000. Hantz Financial Services Inc. boosted its position in shares of Dollar General by 46.8% during the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock worth $50,000 after acquiring an additional 140 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after acquiring an additional 128 shares in the last quarter. Larson Financial Group LLC increased its holdings in Dollar General by 384.3% in the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after acquiring an additional 488 shares during the last quarter. Finally, Manchester Capital Management LLC increased its holdings 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 acquiring an additional 516 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 0.1%

NYSE DG opened at $104.30 on Friday. 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 52 week low of $66.43 and a 52 week high of $117.95. The firm has a market capitalization of $22.96 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 2.10 and a beta of 0.30. The company has a fifty day moving average of $102.57 and a two-hundred day moving average of $105.62.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.30. The firm had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Piper Sandler raised their price objective on Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Raymond James Financial increased their price target on Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Sanford C. Bernstein raised their price target on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, August 29th. JPMorgan Chase & Co. lifted their price objective on Dollar General from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Finally, Barclays increased their target price on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average price target of $115.64.

About Dollar General

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.