TD Private Client Wealth LLC Has $1.56 Million Holdings in Dollar General Corporation $DG

TD Private Client Wealth LLC raised its stake in Dollar General Corporation (NYSE:DG) by 16.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,646 shares of the company’s stock after buying an additional 1,894 shares during the quarter. TD Private Client Wealth LLC’s holdings in Dollar General were worth $1,561,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DG. Pacer Advisors Inc. increased its stake in Dollar General by 5,440.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company’s stock valued at $139,155,000 after buying an additional 1,554,004 shares during the period. Royal Bank of Canada increased its stake in Dollar General by 251.6% in the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock valued at $178,983,000 after buying an additional 1,456,549 shares during the period. Vanguard Group Inc. increased its stake in Dollar General by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock valued at $2,324,271,000 after buying an additional 1,201,917 shares during the period. Pzena Investment Management LLC increased its stake in Dollar General by 8.5% in the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company’s stock valued at $1,122,914,000 after buying an additional 1,003,206 shares during the period. Finally, GAMMA Investing LLC increased its stake in Dollar General by 10,718.3% in the 1st quarter. GAMMA Investing LLC now owns 533,559 shares of the company’s stock valued at $46,916,000 after buying an additional 528,627 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Price Performance

NYSE DG opened at $102.99 on Friday. 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 company has a fifty day simple moving average of $109.11 and a 200 day simple moving average of $102.08. The company has a market cap of $22.67 billion, a P/E ratio of 19.07, a P/E/G ratio of 2.20 and a beta of 0.29. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95.

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, topping the consensus estimate of $1.56 by $0.30. The business had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. Dollar General’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, sell-side analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General’s dividend payout ratio is currently 43.70%.

Wall Street Analyst Weigh In

Several research firms have weighed in on DG. Bank of America upped their price objective on shares of Dollar General from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Raymond James Financial boosted their target price on shares of Dollar General from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Piper Sandler boosted their target price on shares of Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Gordon Haskett raised shares of Dollar General from a “reduce” rating to an “accumulate” rating in a research report on Tuesday, June 3rd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Dollar General in a research report on Tuesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $115.50.

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.