PDS Planning Inc Acquires Shares of 1,787 Dollar General Corporation $DG

PDS Planning Inc acquired a new stake in shares of Dollar General Corporation (NYSE:DG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,787 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Investment Advisory LLC grew its position in Dollar General by 35.2% during 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 last quarter. Mountain Hill Investment Partners Corp. grew its holdings in shares of Dollar General by 66.7% in 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 last quarter. Golden State Wealth Management LLC grew its holdings in shares of Dollar General by 170.1% in 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 last quarter. CVA Family Office LLC grew its holdings in shares of Dollar General by 39.4% in 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 last quarter. Finally, Larson Financial Group LLC lifted its stake in Dollar General by 384.3% in the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock worth $54,000 after acquiring an additional 488 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. Loop Capital raised their price objective on Dollar General from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, July 10th. The Goldman Sachs Group lowered Dollar General from a “buy” rating to a “neutral” rating and raised their price objective for the company from $115.00 to $116.00 in a research report on Tuesday, June 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a research report on Saturday, September 27th. Truist Financial raised their price objective on Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company raised 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. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $115.40.

Dollar General Price Performance

NYSE DG opened at $101.84 on Tuesday. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95. The stock has a 50-day moving average of $107.26 and a 200 day moving average of $103.90. The company has a market capitalization of $22.42 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 2.09 and a beta of 0.30. 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 released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.56 by $0.30. The company had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.Dollar General’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, sell-side analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, October 7th. 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.