Verdence Capital Advisors LLC Buys 3,827 Shares of Dollar General Corporation $DG

Verdence Capital Advisors LLC boosted its position in shares of Dollar General Corporation (NYSE:DG) by 8.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,749 shares of the company’s stock after acquiring an additional 3,827 shares during the period. Verdence Capital Advisors LLC’s holdings in Dollar General were worth $5,347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DG. Sowell Financial Services LLC bought a new position in Dollar General in the 1st quarter worth approximately $280,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Dollar General by 4.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company’s stock worth $2,424,000 after buying an additional 1,102 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Dollar General by 48.9% during the first quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company’s stock worth $288,000 after acquiring an additional 1,081 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new position in Dollar General during the first quarter valued at $879,000. Finally, Ballentine Partners LLC bought a new stake in Dollar General in the 1st quarter valued at $411,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Price Performance

DG stock opened at $99.38 on Monday. The stock has a market cap of $21.88 billion, a PE ratio of 18.40, a P/E/G ratio of 2.09 and a beta of 0.30. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The company has a 50-day moving average price of $107.44 and a 200 day moving average price of $103.79. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG) last announced 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 business had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business 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 year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be given 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 is Tuesday, October 7th. Dollar General’s dividend payout ratio (DPR) is 43.70%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DG. Sanford C. Bernstein lifted their target price on Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Morgan Stanley lifted their price objective on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. The Goldman Sachs Group cut Dollar General from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $115.00 to $116.00 in a report on Tuesday, June 24th. Wolfe Research began coverage on shares of Dollar General in a report on Thursday, September 18th. They issued an “outperform” rating and a $139.00 target price for the company. Finally, Gordon Haskett decreased their price target on shares of Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $115.40.

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.