HB Wealth Management LLC Has $763,000 Stock Position in Dollar General Corporation $DG

HB Wealth Management LLC increased its position in shares of Dollar General Corporation (NYSE:DG) by 6.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,667 shares of the company’s stock after purchasing an additional 393 shares during the quarter. HB Wealth Management LLC’s holdings in Dollar General were worth $763,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Ancora Advisors LLC raised its position in shares of Dollar General by 1.7% in the 1st quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock valued at $638,000 after acquiring an additional 122 shares during the period. Harbor Investment Advisory LLC boosted its position in shares of Dollar General by 35.2% in 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 during the period. Eagle Rock Investment Company LLC raised its stake in Dollar General by 0.5% in the first quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company’s stock valued at $2,548,000 after purchasing an additional 156 shares in the last quarter. CVA Family Office LLC raised 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 acquiring an additional 161 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Dollar General by 18.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,056 shares of the company’s stock valued at $121,000 after acquiring an additional 163 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DG shares. Wells Fargo & Company increased their price target on Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dollar General in a research report on Saturday, September 27th. Evercore ISI cut their target price on Dollar General from $118.00 to $114.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 23rd. Piper Sandler upped their price target on Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Finally, Telsey Advisory Group set a $123.00 price objective on Dollar General in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and an average target price of $115.48.

Dollar General Stock Down 1.3%

NYSE:DG opened at $100.07 on Friday. The stock has a market capitalization of $22.03 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 2.11 and a beta of 0.30. 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 stock’s fifty day moving average is $108.26 and its two-hundred day moving average is $103.16.

Dollar General (NYSE:DG) last issued its quarterly earnings data 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 company 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 business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Research analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.4%. Dollar General’s payout ratio is currently 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.