CVA Family Office LLC Has $90,000 Position in Dollar General Corporation $DG

CVA Family Office LLC lifted its stake in Dollar General Corporation (NYSE:DG) by 37.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 785 shares of the company’s stock after acquiring an additional 215 shares during the quarter. CVA Family Office LLC’s holdings in Dollar General were worth $90,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of DG. Fielder Capital Group LLC purchased a new position in Dollar General in the second quarter valued at about $201,000. Sage Mountain Advisors LLC purchased a new stake in shares of Dollar General during the 2nd quarter worth about $456,000. AlphaQuest LLC lifted its holdings in shares of Dollar General by 478.8% during the 2nd quarter. AlphaQuest LLC now owns 903 shares of the company’s stock valued at $103,000 after buying an additional 747 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Dollar General by 1.0% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 502,456 shares of the company’s stock valued at $57,471,000 after buying an additional 4,907 shares in the last quarter. Finally, Moloney Securities Asset Management LLC bought a new stake in shares of Dollar General in the 2nd quarter valued at approximately $848,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Down 1.0%

DG stock opened at $101.92 on Friday. The stock has a market capitalization of $22.43 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 2.15 and a beta of 0.30. The company has a 50-day moving average of $105.49 and a two-hundred day moving average of $104.70. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $117.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating 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 business’s quarterly 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. As a group, equities research analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

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

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Raymond James Financial lifted their target price on shares of Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. JPMorgan Chase & Co. lifted their price objective on shares of Dollar General from $95.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Barclays upped their price objective on shares of Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Telsey Advisory Group set a $123.00 target price on Dollar General in a report on Friday, August 29th. Finally, Piper Sandler upped their price target on Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average price target of $115.40.

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.