Envestnet Portfolio Solutions Inc. Cuts Stock Position in Dollar General Corporation $DG

Envestnet Portfolio Solutions Inc. decreased its stake in shares of Dollar General Corporation (NYSE:DG) by 11.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,200 shares of the company’s stock after selling 284 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Dollar General were worth $252,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in Dollar General by 5.8% in the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock worth $229,000 after buying an additional 110 shares during the period. Tectonic Advisors LLC lifted its position in shares of Dollar General by 1.9% in the second quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock valued at $691,000 after acquiring an additional 113 shares in the last quarter. Ancora Advisors LLC boosted its stake in shares of Dollar General by 1.7% in the first quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock worth $638,000 after acquiring an additional 122 shares during the period. Harbor Investment Advisory LLC grew its position in shares of Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after purchasing an additional 128 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Dollar General by 18.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,056 shares of the company’s stock valued at $121,000 after purchasing an additional 163 shares during the period. 91.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Gordon Haskett dropped their price target on Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. Wolfe Research initiated coverage on shares of Dollar General in a research report on Thursday, September 18th. They set an “outperform” rating and a $139.00 target price for the company. Loop Capital raised their target price on shares of Dollar General from $110.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, July 10th. Truist Financial boosted their price target on shares of Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, August 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dollar General in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus price target of $115.40.

Dollar General Price Performance

DG stock opened at $101.92 on Friday. 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 $22.43 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 2.17 and a beta of 0.30. The company has a fifty day simple moving average of $105.49 and a two-hundred day simple moving average of $104.58. 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 (NYSE:DG) last announced its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.30. The firm had revenue of $10.73 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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

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.