Dollar General Corporation $DG Shares Sold by TD Asset Management Inc

TD Asset Management Inc cut its holdings in shares of Dollar General Corporation (NYSE:DG) by 2.3% during the second quarter, Holdings Channel reports. The firm owned 81,169 shares of the company’s stock after selling 1,935 shares during the quarter. TD Asset Management Inc’s holdings in Dollar General were worth $9,284,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Mountain Hill Investment Partners Corp. increased its stake in Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock worth $44,000 after buying an additional 200 shares during the period. Golden State Wealth Management LLC grew its stake in shares of Dollar General by 170.1% in the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock worth $48,000 after acquiring an additional 342 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of 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 acquiring an additional 488 shares in the last quarter. Harbor Investment Advisory LLC raised its stake in shares of Dollar General by 35.2% in the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after acquiring an additional 128 shares in the last quarter. Finally, Bogart Wealth LLC raised its stake in shares of Dollar General by 37.6% in the first quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock valued at $59,000 after acquiring an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Truist Financial boosted their target price on Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, August 29th. Loop Capital boosted their price objective on Dollar General from $110.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, July 10th. Wolfe Research assumed coverage on shares of Dollar General in a report on Thursday, September 18th. They issued an “outperform” rating and a $139.00 target price on the stock. Raymond James Financial lifted their price target on shares of Dollar General from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Barclays increased their price objective on shares of Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Dollar General has an average rating of “Hold” and a consensus price target of $115.40.

Dollar General Price Performance

DG stock opened at $105.79 on Monday. The business has a 50 day moving average price of $106.54 and a 200 day moving average price of $104.32. 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 stock has a market cap of $23.29 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.23 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 released its quarterly earnings data 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 company had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a yield of 2.2%. Dollar General’s payout ratio is 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.