Carmel Capital Partners LLC Grows Stock Holdings in Dollar General Corporation $DG

Carmel Capital Partners LLC raised its stake in Dollar General Corporation (NYSE:DG) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,251 shares of the company’s stock after buying an additional 2,058 shares during the period. Dollar General comprises 1.0% of Carmel Capital Partners LLC’s holdings, making the stock its 19th biggest holding. Carmel Capital Partners LLC’s holdings in Dollar General were worth $2,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. boosted its position in Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock valued at $44,000 after buying an additional 200 shares during the period. Golden State Wealth Management LLC boosted its position in Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock valued at $48,000 after buying an additional 342 shares during the period. Larson Financial Group LLC boosted its position in Dollar General by 384.3% in the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after buying an additional 488 shares during the period. Harbor Investment Advisory LLC boosted its position in Dollar General by 35.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after buying an additional 128 shares during the period. Finally, Bogart Wealth LLC raised its holdings in shares of Dollar General by 37.6% in the 1st quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock valued at $59,000 after purchasing an additional 184 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DG has been the subject of several recent research reports. UBS Group boosted their price target on shares of Dollar General from $128.00 to $135.00 and gave the company a “buy” rating in a report on Friday, August 29th. Wells Fargo & Company boosted their price target on shares of Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Morgan Stanley boosted their price target on shares of Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Piper Sandler boosted their price target on shares of Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Finally, Telsey Advisory Group set a $123.00 price target on shares of Dollar General in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $115.40.

Dollar General Trading Up 1.8%

NYSE DG opened at $105.79 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 firm has a market cap of $23.29 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.19 and a beta of 0.30. The company has a 50 day moving average price of $106.54 and a 200 day moving average price of $104.15. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.56 by $0.30. The firm had revenue of $10.73 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. 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, sell-side analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General’s payout ratio is currently 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.