Fairvoy Private Wealth LLC Has $1.22 Million Position in Dollar General Corporation $DG

Fairvoy Private Wealth LLC lifted its holdings in shares of Dollar General Corporation (NYSE:DG) by 8.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,696 shares of the company’s stock after purchasing an additional 861 shares during the quarter. Fairvoy Private Wealth LLC’s holdings in Dollar General were worth $1,223,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Ameritas Advisory Services LLC acquired a new stake in shares of Dollar General during the second quarter worth about $101,000. Mattern Capital Management LLC raised its position in shares of Dollar General by 8.5% during the second quarter. Mattern Capital Management LLC now owns 10,871 shares of the company’s stock worth $1,243,000 after purchasing an additional 849 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Dollar General by 6.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,329 shares of the company’s stock worth $3,469,000 after purchasing an additional 1,721 shares during the period. Lecap Asset Management Ltd. acquired a new stake in Dollar General in the 2nd quarter valued at approximately $1,273,000. Finally, ASR Vermogensbeheer N.V. raised its position in Dollar General by 7.3% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 38,298 shares of the company’s stock valued at $4,380,000 after buying an additional 2,605 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Down 1.3%

DG stock opened at $100.07 on Friday. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average price of $108.26 and a two-hundred day moving average price of $103.01. The company has a market cap of $22.03 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 2.13 and a beta of 0.30. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The firm had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same period last year, the company earned $1.70 earnings per share. The business’s 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 anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Loop Capital lifted their target price on Dollar General from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. lifted their target price on Dollar General from $95.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday, September 16th. UBS Group lifted their target price on Dollar General from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Evercore ISI dropped their target price on Dollar General from $118.00 to $114.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 23rd. Finally, Barclays lifted their target price on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $115.48.

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.