AMG National Trust Bank Purchases 7,902 Shares of Dollar General Corporation $DG

AMG National Trust Bank increased its position in Dollar General Corporation (NYSE:DG) by 23.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,470 shares of the company’s stock after acquiring an additional 7,902 shares during the quarter. AMG National Trust Bank’s holdings in Dollar General were worth $4,743,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. raised its holdings in Dollar General by 46.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock worth $50,000 after acquiring an additional 140 shares during the period. Harbor Investment Advisory LLC raised its holdings in Dollar General by 35.2% in 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 period. Mountain Hill Investment Partners Corp. raised its holdings in Dollar General by 66.7% in 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 period. Larson Financial Group LLC grew its position in Dollar General by 384.3% in the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock worth $54,000 after purchasing an additional 488 shares during the last quarter. Finally, Bogart Wealth LLC grew its position in Dollar General by 37.6% in the 1st quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock worth $59,000 after purchasing an additional 184 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Dollar General from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Monday. Piper Sandler raised their price target on shares of Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Loop Capital raised their price target on shares of Dollar General from $110.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, July 10th. Barclays raised their price target on shares of Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Finally, Guggenheim restated a “buy” rating and issued a $125.00 price target on shares of Dollar General in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $115.64.

Dollar General Price Performance

Shares of Dollar General stock opened at $99.43 on Friday. 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’s 50-day simple moving average is $104.53 and its 200-day simple moving average is $105.08. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The firm has a market cap of $21.89 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share 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 business had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same period in the previous year, the business earned $1.70 EPS. 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. As a group, research analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, October 7th. Dollar General’s payout ratio is 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.