New York Life Investment Management LLC Boosts Stake in Dollar General Corporation $DG

New York Life Investment Management LLC lifted its position in shares of Dollar General Corporation (NYSE:DG) by 1.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 32,947 shares of the company’s stock after purchasing an additional 416 shares during the period. New York Life Investment Management LLC’s holdings in Dollar General were worth $3,768,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Harbor Investment Advisory LLC grew its position in shares of Dollar General by 35.2% in the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after purchasing an additional 128 shares during the period. Mountain Hill Investment Partners Corp. grew its position 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 valued at $44,000 after purchasing an additional 200 shares during the period. Larson Financial Group LLC grew its position in shares of Dollar General by 384.3% in the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after purchasing an additional 488 shares during the period. Bogart Wealth LLC grew its position in shares of Dollar General by 37.6% in the first quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock valued at $59,000 after purchasing an additional 184 shares during the period. Finally, Manchester Capital Management LLC grew its position in shares of Dollar General by 264.6% in the first quarter. Manchester Capital Management LLC now owns 711 shares of the company’s stock valued at $63,000 after purchasing an additional 516 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Down 0.5%

DG stock opened at $99.43 on Friday. The company has a market cap of $21.89 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 2.10 and a beta of 0.30. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The firm has a 50-day moving average of $104.53 and a two-hundred day moving average of $105.08.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 2.86% and a return on equity of 17.97%. Dollar General’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a yield of 2.4%. Dollar General’s payout ratio is 43.70%.

Analyst Ratings Changes

Several analysts have recently issued reports on DG shares. Gordon Haskett dropped their target price on shares of Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. Barclays lifted their target price on shares of Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Evercore ISI dropped their target price on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 7th. Loop Capital lifted their target price on shares of Dollar General from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, July 10th. Finally, UBS Group boosted their price target on shares of Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $115.64.

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.