AE Wealth Management LLC Buys 710 Shares of Dollar General Corporation $DG

AE Wealth Management LLC raised its stake in shares of Dollar General Corporation (NYSE:DG) by 24.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,651 shares of the company’s stock after purchasing an additional 710 shares during the period. AE Wealth Management LLC’s holdings in Dollar General were worth $418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sprucegrove Investment Management Ltd. purchased a new stake in shares of Dollar General in the second quarter valued at $4,430,000. Ameritas Advisory Services LLC bought a new position in Dollar General during the 2nd quarter valued at about $101,000. AustralianSuper Pty Ltd purchased a new stake in Dollar General in the 2nd quarter worth about $1,042,000. Blair William & Co. IL boosted its position in shares of Dollar General by 52.0% during the second quarter. Blair William & Co. IL now owns 5,665 shares of the company’s stock valued at $648,000 after buying an additional 1,938 shares during the period. Finally, HB Wealth Management LLC boosted its position in shares of Dollar General by 6.3% during the second quarter. HB Wealth Management LLC now owns 6,667 shares of the company’s stock valued at $763,000 after buying an additional 393 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Piper Sandler increased their price target on Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Wells Fargo & Company upped their price objective 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. Raymond James Financial lifted their target price on Dollar General from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Evercore ISI lowered their target price on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating for the company in a research note on Tuesday, October 7th. Finally, Telsey Advisory Group set a $123.00 price target on shares of Dollar General in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $118.14.

Dollar General Trading Down 0.0%

NYSE DG opened at $104.19 on Friday. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. The company has a market capitalization of $22.93 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30. The company’s 50-day simple moving average is $102.47 and its two-hundred day simple moving average is $105.79.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share 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 analysts’ expectations of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

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