Blue Trust Inc. Purchases 110 Shares of Dollar General Corporation $DG

Blue Trust Inc. grew its position in shares of Dollar General Corporation (NYSE:DG) by 5.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,005 shares of the company’s stock after acquiring an additional 110 shares during the quarter. Blue Trust Inc.’s holdings in Dollar General were worth $229,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbor Investment Advisory LLC boosted its position in shares of 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 acquiring an additional 128 shares during the last quarter. Mountain Hill Investment Partners Corp. boosted its position in shares of Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock valued at $44,000 after acquiring an additional 200 shares during the last quarter. Golden State Wealth Management LLC boosted its position in shares of Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock valued at $48,000 after acquiring an additional 342 shares during the last quarter. Larson Financial Group LLC lifted its position in Dollar General by 384.3% in the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock worth $54,000 after buying an additional 488 shares during the last quarter. Finally, Bogart Wealth LLC lifted its position in Dollar General by 37.6% in the first quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock worth $59,000 after buying an additional 184 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on DG. Morgan Stanley raised their price target on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Wolfe Research began coverage on Dollar General in a research report on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price target for the company. Truist Financial raised their price target on Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, August 29th. Telsey Advisory Group set a $123.00 price target on Dollar General in a research report on Friday, August 29th. Finally, Guggenheim restated a “buy” rating and issued a $125.00 price target 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 and sixteen have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $115.40.

Dollar General Stock Performance

DG stock opened at $103.82 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 business’s fifty day simple moving average is $107.12 and its two-hundred day simple moving average is $103.90. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The firm has a market cap of $22.85 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 2.14 and a beta of 0.30.

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 firm had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. 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.