New Wave Wealth Advisors LLC Makes New Investment in Dollar General Corporation $DG

New Wave Wealth Advisors LLC purchased a new position in Dollar General Corporation (NYSE:DG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,176 shares of the company’s stock, valued at approximately $249,000.

Other hedge funds have also bought and sold shares of the company. Ancora Advisors LLC lifted its position in Dollar General by 1.7% during the first quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock valued at $638,000 after acquiring an additional 122 shares during the last quarter. Harbor Investment Advisory LLC lifted its position in Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after acquiring an additional 128 shares during the last quarter. Eagle Rock Investment Company LLC lifted its position in Dollar General by 0.5% during the first quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company’s stock valued at $2,548,000 after acquiring an additional 156 shares during the last quarter. CVA Family Office LLC lifted its position in Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company’s stock valued at $50,000 after acquiring an additional 161 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Dollar General by 18.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,056 shares of the company’s stock valued at $121,000 after acquiring an additional 163 shares during the last quarter. 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 recently commented on DG shares. Citigroup increased their target price on shares of Dollar General from $101.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. Sanford C. Bernstein increased their target price on shares of Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Barclays raised their price target on shares of Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Dollar General in a report on Wednesday, June 4th. Finally, Piper Sandler raised their price target on shares of Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. One investment 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $115.48.

Dollar General Price Performance

Shares of DG stock opened at $99.68 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The firm’s 50-day moving average is $108.53 and its two-hundred day moving average is $102.74. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The company has a market capitalization of $21.94 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.18 and a beta of 0.30.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $10.68 billion. During the same period in the previous year, the firm earned $1.70 earnings per share. Dollar General’s quarterly revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General’s payout ratio is 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.