HBK Sorce Advisory LLC Takes Position in Dollar General Corporation $DG

HBK Sorce Advisory LLC acquired a new position in Dollar General Corporation (NYSE:DG) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,188 shares of the company’s stock, valued at approximately $250,000.

A number of other large investors have also modified their holdings of DG. Ballentine Partners LLC purchased a new stake in shares of Dollar General in the first quarter valued at approximately $411,000. AustralianSuper Pty Ltd purchased a new stake in Dollar General in the 2nd quarter worth $1,042,000. Blair William & Co. IL increased its holdings in Dollar General by 52.0% in the 2nd quarter. Blair William & Co. IL now owns 5,665 shares of the company’s stock worth $648,000 after acquiring an additional 1,938 shares in the last quarter. HB Wealth Management LLC increased its holdings in Dollar General by 6.3% in the 2nd quarter. HB Wealth Management LLC now owns 6,667 shares of the company’s stock worth $763,000 after acquiring an additional 393 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Dollar General by 11.6% in the 2nd quarter. Nordea Investment Management AB now owns 19,143 shares of the company’s stock worth $2,171,000 after acquiring an additional 1,996 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Price Performance

DG stock opened at $98.68 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The business has a 50 day simple moving average of $104.25 and a 200-day simple moving average of $105.26. The firm has a market capitalization of $21.72 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.30. The company had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.70 EPS. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were issued a $0.59 dividend. The ex-dividend date of this dividend was 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 is currently 43.70%.

Analyst Upgrades and Downgrades

DG has been the subject of a number of research reports. Wolfe Research initiated coverage on shares of Dollar General in a research note on Thursday, September 18th. They set an “outperform” rating and a $139.00 target price for the company. 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. Barclays boosted their price objective on Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Piper Sandler boosted their price target on Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Finally, Morgan Stanley boosted 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $115.64.

Dollar General 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.