Patten & Patten Inc. TN Sells 282 Shares of Dollar General Corporation $DG

Patten & Patten Inc. TN lowered its position in shares of Dollar General Corporation (NYSE:DG) by 9.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,563 shares of the company’s stock after selling 282 shares during the period. Patten & Patten Inc. TN’s holdings in Dollar General were worth $293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mountain Hill Investment Partners Corp. grew its position in Dollar General by 66.7% during the 1st 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 last quarter. Golden State Wealth Management LLC grew its position in Dollar General by 170.1% during the 1st 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 last quarter. Larson Financial Group LLC grew its position in Dollar General by 384.3% during the 1st 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 last quarter. Harbor Investment Advisory LLC grew its position in Dollar General by 35.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after acquiring an additional 128 shares during the last quarter. Finally, Bogart Wealth LLC grew its position in Dollar General by 37.6% during the 1st quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock worth $59,000 after acquiring an additional 184 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DG. Telsey Advisory Group set a $123.00 price objective on Dollar General 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 report on Friday, August 29th. Guggenheim reaffirmed a “buy” rating and set a $125.00 target price on shares of Dollar General in a report on Friday, August 29th. Wolfe Research started coverage on Dollar General in a report on Thursday, September 18th. They set an “outperform” rating and a $139.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dollar General in a report on Tuesday. 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’s stock. Based on data from MarketBeat, Dollar General currently has an average rating of “Hold” and a consensus target price of $115.40.

Dollar General Stock Down 2.3%

Shares of NYSE:DG opened at $103.87 on Friday. The company has a market capitalization of $22.86 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 2.24 and a beta of 0.30. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The business’s 50-day moving average is $106.75 and its 200-day moving average is $104.02. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. The company had revenue of $10.73 billion for 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%.The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General’s payout ratio is presently 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.