Creative Planning Raises Stock Holdings in Dollar General Corporation $DG

Creative Planning raised its stake in shares of Dollar General Corporation (NYSE:DG) by 36.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 72,913 shares of the company’s stock after acquiring an additional 19,488 shares during the period. Creative Planning’s holdings in Dollar General were worth $8,340,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DG. Atlantic Union Bankshares Corp purchased a new position in shares of Dollar General during the second quarter valued at approximately $26,000. Hantz Financial Services Inc. grew its position 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 purchasing an additional 140 shares during the period. Harbor Investment Advisory LLC raised its stake in Dollar General by 35.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after buying an additional 128 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Dollar General by 264.6% during the 1st 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 period. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Dollar General in the 1st quarter worth $90,000. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DG shares. Barclays increased their target price on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a report on Friday, August 29th. UBS Group upped their price target on shares of Dollar General from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Raymond James Financial raised their price objective 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. Loop Capital cut their target price on shares of Dollar General from $120.00 to $100.00 and set a “hold” rating for the company in a research report on Tuesday, November 11th. Finally, Gordon Haskett decreased their price target on shares of Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Dollar General has a consensus rating of “Hold” and a consensus price target of $118.14.

Dollar General Trading Down 3.5%

Dollar General stock opened at $99.67 on Thursday. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95. The firm has a market capitalization of $21.94 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 2.10 and a beta of 0.30. The firm has a 50 day moving average of $102.20 and a 200 day moving average of $106.01. 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 (NYSE:DG) last posted its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.30. The business had revenue of $10.73 billion during 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%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were issued 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 dividend payout ratio (DPR) 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.