Dollar General Corporation $DG Shares Sold by TD Asset Management Inc

by · The Cerbat Gem

TD Asset Management Inc lessened its holdings in shares of Dollar General Corporation (NYSE:DG – Free Report) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,169 shares of the company’s stock after selling 1,935 shares during the quarter. TD Asset Management Inc’s holdings in Dollar General were worth $9,284,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of DG. Mountain Hill Investment Partners Corp. boosted its position in Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock worth $44,000 after acquiring an additional 200 shares during the last quarter. Golden State Wealth Management LLC raised its holdings 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 acquiring an additional 342 shares during the last quarter. Larson Financial Group LLC lifted its stake in Dollar General by 384.3% in the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock worth $54,000 after purchasing an additional 488 shares in the last quarter. Harbor Investment Advisory LLC lifted its stake in Dollar General by 35.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after purchasing an additional 128 shares in the last quarter. Finally, Bogart Wealth LLC boosted its holdings in shares of Dollar General by 37.6% during the 1st quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock worth $59,000 after purchasing an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 1.8%

Shares of NYSE:DG opened at $105.79 on Monday. The company has a market capitalization of $23.29 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.23 and a beta of 0.30. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95. The business has a 50-day moving average price of $106.54 and a 200 day moving average price of $104.32. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG – Get Free Report) last announced its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter last year, the firm posted $1.70 earnings per share. Dollar General’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. Sell-side analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, October 7th. Dollar General’s dividend payout ratio (DPR) is 43.70%.

Analysts Set New Price Targets

DG has been the topic of a number of analyst reports. Barclays lifted their price objective on Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Morgan Stanley lifted their price target on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Dollar General in a research report on Tuesday, October 14th. Evercore ISI dropped their price objective on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating for the company in a report on Tuesday, October 7th. Finally, Sanford C. Bernstein lifted their target price on shares of Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. One research 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. Based on data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and a consensus target price of $115.40.

Read Our Latest Research Report on DG

About Dollar General

(Free Report)

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.

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