Meridian Wealth Management LLC Takes Position in Dollar General Corporation $DG

Meridian Wealth Management LLC purchased a new position in shares of Dollar General Corporation (NYSE:DG) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 1,853 shares of the company’s stock, valued at approximately $212,000.

Several other institutional investors have also recently added to or reduced their stakes in DG. Atlantic Union Bankshares Corp bought a new position in Dollar General during the 2nd quarter valued at $26,000. Hantz Financial Services Inc. lifted its position in shares of Dollar General by 46.8% during the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock worth $50,000 after purchasing an additional 140 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Dollar General by 384.3% during the first 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. Harbor Investment Advisory LLC grew its stake in Dollar General by 35.2% in the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after purchasing an additional 128 shares in the last quarter. Finally, Manchester Capital Management LLC increased its holdings in 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 buying an additional 516 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Loop Capital decreased their target price on Dollar General from $120.00 to $100.00 and set a “hold” rating for the company in a research report on Tuesday, November 11th. Wells Fargo & Company lifted their price objective on shares of Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Raymond James Financial boosted 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. Wolfe Research initiated coverage on shares of Dollar General in a research report on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price target on the stock. Finally, Guggenheim reaffirmed a “buy” rating and set a $125.00 price objective on shares of Dollar General in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $118.14.

Dollar General Trading Up 0.4%

Shares of NYSE:DG opened at $103.55 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The company’s 50-day moving average price is $102.34 and its 200 day moving average price is $106.05. The company has a market cap of $22.79 billion, a PE ratio of 19.18, a P/E/G ratio of 2.10 and a beta of 0.30. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95.

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

Dollar General Announces Dividend

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