Merit Financial Group LLC Buys 5,205 Shares of Dollar General Corporation $DG

Merit Financial Group LLC raised its stake in shares of Dollar General Corporation (NYSE:DG) by 19.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,727 shares of the company’s stock after buying 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 SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DG. Rosenberg Matthew Hamilton boosted its stake in shares of Dollar General by 788.1% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 373 shares of the company’s stock worth $43,000 after buying an additional 331 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of Dollar General by 2.3% in the second quarter. Ballentine Partners LLC now owns 5,470 shares of the company’s stock worth $630,000 after acquiring an additional 122 shares during the period. Fifth Third Wealth Advisors LLC increased its position 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 acquiring an additional 1,302 shares during the last quarter. Cidel Asset Management Inc. increased its position in Dollar General by 5.9% during the second quarter. Cidel Asset Management Inc. now owns 4,323 shares of the company’s stock valued at $498,000 after acquiring an additional 240 shares during the last quarter. Finally, Gallacher Capital Management LLC bought a new position in Dollar General in the second quarter valued at about $574,000. 91.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DG shares. Guggenheim cut their price target on Dollar General from $160.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. HSBC lowered their price objective on shares of Dollar General from $141.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, June 3rd. Daiwa Securities Group dropped their price objective on shares of Dollar General from $136.00 to $111.00 and set a “neutral” rating on the stock in a report on Thursday, June 4th. Freedom Capital lowered shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Truist Financial upped their target price on shares of Dollar General from $109.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, June 2nd. Ten analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $130.42.

Dollar General Price Performance

Shares of NYSE:DG opened at $122.20 on Friday. The company has a market capitalization of $26.96 billion, a P/E ratio of 17.28, a P/E/G 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 firm’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 issued its earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.11. The company had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. Dollar General’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.78 EPS. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Research analysts expect that Dollar General Corporation will post 7.38 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a yield of 1.9%. Dollar General’s payout ratio is currently 33.38%.

Dollar General 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.