Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in Dollar General Corporation $DG

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Dollar General Corporation (NYSE:DG) by 23.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,678 shares of the company’s stock after acquiring an additional 5,327 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Dollar General were worth $3,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Ameriflex Group Inc. purchased a new stake in shares of Dollar General during the fourth quarter worth $31,000. Mountain Hill Investment Partners Corp. increased its position in shares of 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 acquiring an additional 200 shares during the period. Golden State Wealth Management LLC increased its position in shares of 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 acquiring an additional 342 shares during the period. CVA Family Office LLC increased its holdings in Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company’s stock valued at $50,000 after buying an additional 161 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in Dollar General by 384.3% in the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after buying an additional 488 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of DG opened at $102.06 on Friday. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95. The company has a market capitalization of $22.46 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 2.16 and a beta of 0.29. The firm has a 50-day simple moving average of $108.95 and a 200-day simple moving average of $102.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25.

Dollar General (NYSE:DG) last announced its 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. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the prior year, the firm earned $1.70 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, equities research analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently announced 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 is Tuesday, October 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. Dollar General’s dividend payout ratio is 43.70%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DG shares. Oppenheimer raised Dollar General from a “market perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a report on Wednesday, June 4th. Barclays increased their target price on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Wells Fargo & Company increased their target price on Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Truist Financial increased their target price on Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a report on Friday, August 29th. Finally, Wolfe Research started coverage on Dollar General in a report on Thursday, September 18th. They issued an “outperform” rating and a $139.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven 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 a consensus target price of $115.48.

Dollar General 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.