Dollar General Corporation $DG Stock Position Raised by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC lifted its position in Dollar General Corporation (NYSE:DG) by 6.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 93,526 shares of the company’s stock after acquiring an additional 5,394 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Dollar General were worth $10,697,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Harbor Investment Advisory LLC lifted its position in shares of Dollar General by 35.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after acquiring an additional 128 shares in the last quarter. Mountain Hill Investment Partners Corp. lifted its position in Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock worth $44,000 after buying an additional 200 shares in the last quarter. Golden State Wealth Management LLC lifted its position in Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock worth $48,000 after buying an additional 342 shares in the last quarter. CVA Family Office LLC lifted its position in Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company’s stock worth $50,000 after buying an additional 161 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in Dollar General by 384.3% in the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock worth $54,000 after buying an additional 488 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of DG opened at $101.84 on Tuesday. The company’s fifty day moving average is $107.26 and its 200-day moving average is $103.90. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The firm has a market cap of $22.42 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 2.09 and a beta of 0.30. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping 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 in the prior year, the business posted $1.70 EPS. Dollar General’s quarterly 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. Equities analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a yield of 2.3%. Dollar General’s dividend payout ratio (DPR) is presently 43.70%.

Analysts Set New Price Targets

DG has been the subject of a number of research analyst reports. Gordon Haskett cut their target price on shares of Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. JPMorgan Chase & Co. increased their target price on shares of Dollar General from $95.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 16th. Morgan Stanley increased their target price on shares of Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Guggenheim reiterated a “buy” rating and issued a $125.00 target price on shares of Dollar General in a research report on Friday, August 29th. Finally, The Goldman Sachs Group lowered shares of Dollar General from a “buy” rating to a “neutral” rating and increased their price target for the stock from $115.00 to $116.00 in a research note on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $115.40.

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.