Dollar General Corporation $DG Shares Purchased by Linscomb Wealth Inc.

Linscomb Wealth Inc. raised its stake in shares of Dollar General Corporation (NYSE:DG) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,344 shares of the company’s stock after buying an additional 1,588 shares during the period. Linscomb Wealth Inc.’s holdings in Dollar General were worth $12,621,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in Dollar General by 5.8% during the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock valued at $229,000 after buying an additional 110 shares during the period. Tectonic Advisors LLC increased its stake in Dollar General by 1.9% during the 2nd quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock valued at $691,000 after buying an additional 113 shares during the period. Ancora Advisors LLC increased its stake in Dollar General by 1.7% during the 1st quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock valued at $638,000 after buying an additional 122 shares during the period. Harbor Investment Advisory LLC increased 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 period. Finally, Hantz Financial Services Inc. increased its stake in Dollar General by 46.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock valued at $50,000 after buying an additional 140 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Down 0.5%

DG stock opened at $99.43 on Friday. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $117.95. The company’s 50 day simple moving average is $104.53 and its 200-day simple moving average is $105.08. 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 firm has a market capitalization of $21.89 billion, a P/E ratio of 18.41, a P/E/G ratio of 2.10 and a beta of 0.30.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the previous year, the business earned $1.70 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, equities research analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.4%. Dollar General’s payout ratio is currently 43.70%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Piper Sandler raised their target price on shares of Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Guggenheim reissued a “buy” rating and set a $125.00 target price on shares of Dollar General in a research note on Friday, August 29th. Telsey Advisory Group set a $123.00 target price on shares of Dollar General in a research note on Friday, August 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Dollar General in a research note on Tuesday, October 14th. Finally, Evercore ISI cut their target price on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating for the company in a research note on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have given a Hold rating to the stock. According to data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $115.64.

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.