Dollar General Co. (NYSE:DG) Shares Acquired by Boomfish Wealth Group LLC

Boomfish Wealth Group LLC boosted its position in shares of Dollar General Co. (NYSE:DG) by 30.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,693 shares of the company’s stock after buying an additional 1,545 shares during the period. Boomfish Wealth Group LLC’s holdings in Dollar General were worth $885,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in DG. Massmutual Trust Co. FSB ADV lifted its position in Dollar General by 12.4% during the first quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock worth $108,000 after buying an additional 76 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in shares of Dollar General by 3.3% in the 1st quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock valued at $378,000 after buying an additional 77 shares during the period. Industrial Alliance Investment Management Inc. raised its position in shares of Dollar General by 3.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock valued at $373,000 after buying an additional 80 shares during the period. Rise Advisors LLC increased its stake in Dollar General by 14.8% during the first quarter. Rise Advisors LLC now owns 700 shares of the company’s stock worth $109,000 after acquiring an additional 90 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in shares of Dollar General by 10.9% during the 1st quarter. Capital Advisors Ltd. LLC now owns 994 shares of the company’s stock worth $155,000 after purchasing an additional 98 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of NYSE:DG traded up $2.73 during midday trading on Friday, hitting $123.27. The stock had a trading volume of 1,687,439 shares, compared to its average volume of 2,417,430. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $168.07. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89. The stock has a 50 day moving average price of $124.39 and a two-hundred day moving average price of $137.43. The company has a market capitalization of $27.11 billion, a PE ratio of 17.94, a P/E/G ratio of 2.36 and a beta of 0.43.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.08. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.34 EPS. As a group, equities analysts predict that Dollar General Co. will post 7.21 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Tuesday, July 9th. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of recent analyst reports. Argus dropped their price target on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Telsey Advisory Group reissued an “outperform” rating and set a $170.00 target price on shares of Dollar General in a research note on Thursday, May 30th. Evercore ISI reduced their target price on shares of Dollar General from $151.00 to $148.00 and set an “in-line” rating on the stock in a report on Tuesday, July 2nd. Truist Financial cut their price target on Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a report on Friday, May 31st. Finally, Piper Sandler decreased their price objective on Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Twelve analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Dollar General has an average rating of “Hold” and an average price target of $147.41.

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.