Meridian Wealth Management LLC Makes New Investment in Dollar General Corporation $DG

Meridian Wealth Management LLC purchased a new stake in Dollar General Corporation (NYSE:DG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,853 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of Dollar General in the second quarter worth approximately $26,000. Hantz Financial Services Inc. boosted its holdings in shares of Dollar General by 46.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock valued at $50,000 after purchasing an additional 140 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Dollar General by 384.3% in the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after purchasing an additional 488 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in shares of 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, Manchester Capital Management LLC increased its holdings in shares of Dollar General by 264.6% during the 1st quarter. Manchester Capital Management LLC now owns 711 shares of the company’s stock worth $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 Up 0.4%

NYSE DG opened at $103.55 on Wednesday. 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 Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95. The business has a 50 day moving average price of $102.34 and a two-hundred day moving average price of $106.05. The stock has a market cap of $22.79 billion, a PE ratio of 19.18, a P/E/G ratio of 2.10 and a beta of 0.30.

Dollar General (NYSE:DG) last posted its quarterly earnings data 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. The company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, sell-side analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.3%. 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 recently weighed in on DG. Loop Capital reduced their target price on Dollar General from $120.00 to $100.00 and set a “hold” rating on the stock in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dollar General in a research note on Monday. Gordon Haskett dropped their target price on shares of Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. Wolfe Research assumed coverage on shares of Dollar General in a report on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price target on the stock. Finally, Piper Sandler lifted their price target on shares of Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $118.14.

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.