Cantor Fitzgerald Investment Advisors L.P. Boosts Stake in Dollar General Corporation $DG

Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in shares of Dollar General Corporation (NYSE:DG) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,386 shares of the company’s stock after acquiring an additional 517 shares during the period. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Dollar General were worth $11,597,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Dollar General by 74.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company’s stock valued at $921,000 after purchasing an additional 5,171 shares during the last quarter. Wellington Management Group LLP grew its holdings in Dollar General by 4.5% in the 4th quarter. Wellington Management Group LLP now owns 32,507 shares of the company’s stock valued at $2,465,000 after buying an additional 1,410 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Dollar General by 546.3% in the 1st quarter. Versant Capital Management Inc now owns 1,034 shares of the company’s stock worth $91,000 after acquiring an additional 874 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Dollar General by 10,718.3% during the 1st quarter. GAMMA Investing LLC now owns 533,559 shares of the company’s stock worth $46,916,000 after acquiring an additional 528,627 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of Dollar General by 40.1% during the 1st quarter. Parallel Advisors LLC now owns 1,767 shares of the company’s stock worth $155,000 after acquiring an additional 506 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Trading Down 3.5%

Shares of NYSE DG opened at $99.68 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $21.94 billion, a PE ratio of 18.46, a PEG ratio of 2.18 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. The stock has a fifty day simple moving average of $108.53 and a 200-day simple moving average of $102.74.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.30. The firm had revenue of $10.73 billion for 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%.Dollar General’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, equities analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors 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 yield of 2.4%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General’s dividend payout ratio is presently 43.70%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DG. Evercore ISI cut their price objective on shares of Dollar General from $118.00 to $114.00 and set an “in-line” rating for the company in a research report on Tuesday, September 23rd. UBS Group increased their price target on shares of Dollar General from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Morgan Stanley raised their price target on shares of Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Piper Sandler upped their price objective on Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Finally, The Goldman Sachs Group cut Dollar General from a “buy” rating to a “neutral” rating and raised their target price for the stock from $115.00 to $116.00 in a research note on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $115.48.

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.