Merit Financial Group LLC Acquires 5,205 Shares of Dollar General Corporation $DG

Merit Financial Group LLC boosted its holdings in shares of Dollar General Corporation (NYSE:DG) by 19.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,727 shares of the company’s stock after buying an additional 5,205 shares during the quarter. Merit Financial Group LLC’s holdings in Dollar General were worth $3,652,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DG. Vanguard Group Inc. boosted its stake in shares of Dollar General by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company’s stock worth $3,625,822,000 after acquiring an additional 412,542 shares in the last quarter. State Street Corp raised its stake in shares of Dollar General by 0.5% in the 4th quarter. State Street Corp now owns 11,017,002 shares of the company’s stock valued at $1,462,727,000 after acquiring an additional 53,624 shares in the last quarter. Morgan Stanley lifted its holdings in Dollar General by 35.0% in the 4th quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock worth $832,513,000 after purchasing an additional 1,624,748 shares during the last quarter. Geode Capital Management LLC boosted its position in Dollar General by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock worth $754,857,000 after purchasing an additional 42,936 shares during the period. Finally, AQR Capital Management LLC boosted its position in Dollar General by 47.9% during the fourth quarter. AQR Capital Management LLC now owns 3,734,500 shares of the company’s stock worth $495,830,000 after purchasing an additional 1,208,892 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DG. Loop Capital boosted their price objective on shares of Dollar General from $110.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, June 3rd. Freedom Capital lowered shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. The Goldman Sachs Group dropped their target price on shares of Dollar General from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, June 3rd. Evercore decreased their price target on shares of Dollar General from $145.00 to $140.00 in a report on Wednesday, June 3rd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $145.00 price target on shares of Dollar General in a research report on Wednesday, June 3rd. Ten research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $130.42.

Dollar General Price Performance

NYSE:DG opened at $122.20 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23. The company has a fifty day moving average price of $118.92 and a 200 day moving average price of $124.81. The stock has a market cap of $26.96 billion, a P/E ratio of 17.28, a PEG ratio of 1.82 and a beta of 0.23.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.11. The company had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the business posted $1.78 EPS. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Analysts anticipate that Dollar General Corporation will post 7.38 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.9%. The ex-dividend date was Tuesday, July 7th. Dollar General’s payout ratio is currently 33.38%.

Dollar General Profile

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.