New York Life Investment Management LLC Boosts Holdings in Dollar General Corporation $DG

New York Life Investment Management LLC boosted its position in shares of Dollar General Corporation (NYSE:DG) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,947 shares of the company’s stock after acquiring an additional 416 shares during the period. New York Life Investment Management LLC’s holdings in Dollar General were worth $3,768,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. 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 purchasing an additional 128 shares in the last quarter. Mountain Hill Investment Partners Corp. grew its holdings in shares of Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock valued at $44,000 after buying an additional 200 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Dollar General by 384.3% during the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after buying an additional 488 shares during the last quarter. Bogart Wealth LLC grew its holdings in shares of Dollar General by 37.6% during the first quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock valued at $59,000 after buying an additional 184 shares during the last quarter. Finally, Manchester Capital Management LLC grew its holdings in shares of Dollar General by 264.6% during the first quarter. Manchester Capital Management LLC now owns 711 shares of the company’s stock valued at $63,000 after buying an additional 516 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Down 0.5%

NYSE:DG opened at $99.43 on Friday. The firm has a market capitalization of $21.89 billion, a P/E ratio of 18.41, a PEG 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. The company’s fifty day moving average price is $104.53 and its 200-day moving average price 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.

Dollar General (NYSE:DG) last released 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. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter last year, the business earned $1.70 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. 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 Dividend Announcement

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

Analysts Set New Price Targets

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 $120.00 and gave the company a “hold” rating in a report on Thursday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Dollar General in a report on Tuesday, October 14th. Wolfe Research initiated coverage on shares of Dollar General in a report on Thursday, September 18th. They set an “outperform” rating and a $139.00 price objective on the stock. UBS Group increased their price objective on shares of Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, Sanford C. Bernstein increased their price objective on shares of Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. One research 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.