Fourpath Capital Management LLC Purchases Shares of 2,149 Dollar General Corporation $DG

Fourpath Capital Management LLC acquired a new stake in shares of Dollar General Corporation (NYSE:DG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,149 shares of the company’s stock, valued at approximately $246,000.

A number of other hedge funds have also made changes to their positions in DG. UMB Bank n.a. increased its stake in shares of Dollar General by 93.2% during the first quarter. UMB Bank n.a. now owns 1,024 shares of the company’s stock valued at $90,000 after acquiring an additional 494 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Dollar General during the first quarter valued at approximately $378,000. Farther Finance Advisors LLC increased its stake in shares of Dollar General by 48.9% during the first quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company’s stock valued at $288,000 after acquiring an additional 1,081 shares during the period. GAMMA Investing LLC increased its stake in shares of Dollar General by 23.0% during the first quarter. GAMMA Investing LLC now owns 6,068 shares of the company’s stock valued at $534,000 after acquiring an additional 1,136 shares during the period. Finally, CX Institutional acquired a new position in shares of Dollar General during the first quarter valued at approximately $1,141,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

DG has been the topic of a number of research analyst reports. Guggenheim reiterated a “buy” rating and set a $125.00 price objective on shares of Dollar General in a research note on Friday, August 29th. Piper Sandler raised their target price on shares of Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Telsey Advisory Group set a $123.00 target price on shares of Dollar General in a report on Friday, August 29th. Raymond James Financial raised their target price on shares of Dollar General from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Wolfe Research assumed coverage on shares of Dollar General in a report on Thursday, September 18th. They set an “outperform” rating and a $139.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average price target of $115.40.

Dollar General Stock Up 0.7%

Dollar General stock opened at $99.38 on Friday. The company has a market capitalization of $21.88 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.08 and a beta of 0.30. The firm’s fifty day simple moving average is $107.44 and its 200-day simple moving average is $103.55. 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 1-year low of $66.43 and a 1-year high of $117.95.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. The business had revenue of $10.73 billion for 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 revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Sell-side analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.4%. Dollar General’s dividend payout ratio (DPR) is currently 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.