Valeo Financial Advisors LLC Takes $264,000 Position in Dollar General Corporation $DG

Valeo Financial Advisors LLC purchased a new stake in shares of Dollar General Corporation (NYSE:DG) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,305 shares of the company’s stock, valued at approximately $264,000.

A number of other hedge funds have also recently made changes to their positions in the company. Knights of Columbus Asset Advisors LLC boosted its stake in shares of Dollar General by 96.9% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 77,448 shares of the company’s stock valued at $8,859,000 after purchasing an additional 38,121 shares in the last quarter. OLD National Bancorp IN raised its position in shares of Dollar General by 38.0% during the second quarter. OLD National Bancorp IN now owns 104,061 shares of the company’s stock worth $11,902,000 after acquiring an additional 28,646 shares during the last quarter. Elevate Capital Advisors LLC raised its position in shares of Dollar General by 211.2% during the second quarter. Elevate Capital Advisors LLC now owns 26,282 shares of the company’s stock worth $3,006,000 after acquiring an additional 17,837 shares during the last quarter. 111 Capital bought a new position in shares of Dollar General during the second quarter worth about $1,057,000. Finally, QRG Capital Management Inc. bought a new position in shares of Dollar General during the second quarter worth about $293,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DG. Truist Financial raised their price objective on Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, August 29th. Wells Fargo & Company lifted their target price on Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. JPMorgan Chase & Co. lifted their target price on Dollar General from $95.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, September 16th. 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. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dollar General in a report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $115.40.

Dollar General Stock Up 0.6%

Shares of NYSE:DG opened at $98.72 on Friday. The stock has a market cap of $21.73 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 2.07 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 Corporation has a 12-month low of $66.43 and a 12-month high of $117.95. The business’s 50 day moving average is $107.62 and its 200 day moving average is $103.43.

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 company had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.Dollar General’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, sell-side analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

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

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.