Forum Financial Management LP Invests $330,000 in Dollar General Corporation $DG

Forum Financial Management LP purchased a new position in shares of Dollar General Corporation (NYSE:DG) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,888 shares of the company’s stock, valued at approximately $330,000.

Other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its position in shares of Dollar General by 4.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company’s stock worth $2,424,000 after purchasing an additional 1,102 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of Dollar General during the first quarter worth $411,000. 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 purchasing an additional 342 shares in the last quarter. Blair William & Co. IL increased 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 worth $648,000 after purchasing an additional 1,938 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Dollar General by 22.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 42,327 shares of the company’s stock worth $3,722,000 after purchasing an additional 7,700 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DG. JPMorgan Chase & Co. boosted their price objective on shares of Dollar General from $95.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, September 16th. Evercore ISI dropped their price objective on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a report on Tuesday, October 7th. Morgan Stanley boosted their price objective on shares of Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Raymond James Financial boosted their price objective on shares of Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Piper Sandler boosted their price objective on shares of Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $115.40.

Dollar General Price Performance

NYSE:DG opened at $101.92 on Monday. 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 firm has a market cap of $22.43 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 2.15 and a beta of 0.30. The firm’s fifty day moving average is $105.49 and its two-hundred day moving average is $104.83.

Dollar General (NYSE:DG) last posted its quarterly 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. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same period in the prior year, the company earned $1.70 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Research analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

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