Dollar General Corporation $DG is Pekin Hardy Strauss Inc.’s 9th Largest Position

Pekin Hardy Strauss Inc. decreased its position in shares of Dollar General Corporation (NYSE:DG) by 13.9% during the second quarter, Holdings Channel reports. The institutional investor owned 100,822 shares of the company’s stock after selling 16,229 shares during the period. Dollar General makes up approximately 1.3% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 9th biggest position. Pekin Hardy Strauss Inc.’s holdings in Dollar General were worth $11,532,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Ballentine Partners LLC bought a new position in Dollar General in the 1st quarter worth approximately $411,000. AustralianSuper Pty Ltd purchased a new position in shares of Dollar General in the second quarter worth $1,042,000. Blair William & Co. IL boosted 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 acquiring an additional 1,938 shares during the last quarter. HB Wealth Management LLC boosted its position in shares of Dollar General by 6.3% during the second quarter. HB Wealth Management LLC now owns 6,667 shares of the company’s stock worth $763,000 after acquiring an additional 393 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in Dollar General by 11.6% during the second quarter. Nordea Investment Management AB now owns 19,143 shares of the company’s stock valued at $2,171,000 after acquiring an additional 1,996 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

DG has been the topic of several recent research reports. Guggenheim reaffirmed a “buy” rating and set a $125.00 price objective on shares of Dollar General in a report on Friday, August 29th. Piper Sandler upped their price target on shares of Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Raymond James Financial increased their price objective on shares of Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Evercore ISI reduced 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 report on Tuesday, October 7th. Finally, Loop Capital increased their price target on shares of Dollar General from $110.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, July 10th. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $115.64.

Dollar General Stock Performance

Shares of NYSE:DG opened at $95.99 on Friday. 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 company has a market capitalization of $21.13 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 2.10 and a beta of 0.30. The firm’s 50-day moving average is $103.24 and its 200 day moving average is $105.36.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The business had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the previous year, the business earned $1.70 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Research analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were issued 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 2.5%. Dollar General’s dividend 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.