Sage Mountain Advisors LLC Invests $456,000 in Dollar General Corporation $DG

Sage Mountain Advisors LLC acquired a new stake in shares of Dollar General Corporation (NYSE:DG) during the second quarter, Holdings Channel reports. The firm acquired 3,989 shares of the company’s stock, valued at approximately $456,000.

Several other hedge funds also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. grew its holdings 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 period. Golden State Wealth Management LLC boosted its holdings in Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock worth $48,000 after buying an additional 342 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Dollar General by 384.3% in the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after buying an additional 488 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of Dollar General by 35.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after acquiring an additional 128 shares in the last quarter. Finally, Bogart Wealth LLC raised its position in shares of Dollar General by 37.6% during the first quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock worth $59,000 after purchasing an additional 184 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on DG shares. Truist Financial upped their price objective on shares of Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, August 29th. Piper Sandler upped their price target on shares of Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Wolfe Research assumed coverage on shares of Dollar General in a research report on Thursday, September 18th. They set an “outperform” rating and a $139.00 price objective on the stock. Loop Capital increased their target price on Dollar General from $110.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, July 10th. Finally, Raymond James Financial lifted their price target on Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, August 29th. One research 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $115.40.

Dollar General Stock Performance

Shares of NYSE DG opened at $101.92 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95. The business’s 50-day moving average price is $105.49 and its two-hundred day moving average price is $104.70. The company has a market capitalization of $22.43 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 2.15 and a beta of 0.30.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.30. The business had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, October 7th. Dollar General’s payout ratio is currently 43.70%.

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.