Creative Planning Purchases 19,488 Shares of Dollar General Corporation $DG

Creative Planning lifted its position in shares of Dollar General Corporation (NYSE:DG) by 36.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,913 shares of the company’s stock after purchasing an additional 19,488 shares during the period. Creative Planning’s holdings in Dollar General were worth $8,340,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Atlantic Union Bankshares Corp purchased a new stake in Dollar General in the 2nd quarter worth approximately $26,000. Hantz Financial Services Inc. raised its holdings in shares of Dollar General by 46.8% during the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock valued at $50,000 after acquiring an additional 140 shares in the last quarter. Harbor Investment Advisory LLC lifted its stake in Dollar General by 35.2% in the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after acquiring an additional 128 shares during the period. Manchester Capital Management LLC increased its position in Dollar General by 264.6% during the 1st quarter. Manchester Capital Management LLC now owns 711 shares of the company’s stock valued at $63,000 after purchasing an additional 516 shares during the period. Finally, SouthState Corp increased its position in Dollar General by 209.9% during the 2nd quarter. SouthState Corp now owns 784 shares of the company’s stock valued at $90,000 after purchasing an additional 531 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DG shares. Piper Sandler lifted 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. Loop Capital cut their price objective on Dollar General from $120.00 to $100.00 and set a “hold” rating on the stock in a research report on Tuesday, November 11th. Barclays increased their target price on Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Raymond James Financial lifted their price target on Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Gordon Haskett lowered their price objective on Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $118.14.

Dollar General Trading Down 3.5%

NYSE DG opened at $99.67 on Thursday. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The stock’s fifty day moving average price is $102.20 and its 200-day moving average price is $106.01. The stock has a market cap of $21.94 billion, a P/E ratio of 18.46, a P/E/G ratio of 2.10 and a beta of 0.30.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.30. The company had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. Dollar General’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, equities analysts forecast 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. Investors of record on Tuesday, October 7th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, October 7th. Dollar General’s payout ratio is presently 43.70%.

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.