Geneos Wealth Management Inc. Buys 756 Shares of Dollar General Corporation $DG

Geneos Wealth Management Inc. lifted its stake in shares of Dollar General Corporation (NYSE:DG) by 78.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,721 shares of the company’s stock after acquiring an additional 756 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Dollar General were worth $151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new stake in Dollar General during the fourth quarter worth approximately $31,000. Mountain Hill Investment Partners Corp. grew its stake in Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock worth $44,000 after purchasing an additional 200 shares during the period. Golden State Wealth Management LLC grew its stake in Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock worth $48,000 after purchasing an additional 342 shares during the period. CVA Family Office LLC grew its stake in Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company’s stock worth $50,000 after purchasing an additional 161 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new stake in Dollar General during the fourth quarter worth approximately $52,000. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Barclays raised their target price on Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. The Goldman Sachs Group cut Dollar General from a “buy” rating to a “neutral” rating and raised their target price for the stock from $115.00 to $116.00 in a research note on Tuesday, June 24th. Oppenheimer raised Dollar General from a “market perform” rating to an “outperform” rating and set a $130.00 target price for the company in a research note on Wednesday, June 4th. UBS Group raised their target price on Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, Cfra Research raised Dollar General to a “hold” rating in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $113.50.

Dollar General Stock Performance

Shares of Dollar General stock opened at $104.19 on Wednesday. The business’s fifty day simple moving average is $110.29 and its 200 day simple moving average is $100.92. The firm has a market capitalization of $22.93 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.20 and a beta of 0.29. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.30. The business 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%.Dollar General’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, October 7th. Dollar General’s dividend payout ratio (DPR) is 43.70%.

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.