Frank Rimerman Advisors LLC Grows Stock Position in Dollar General Corporation $DG

Frank Rimerman Advisors LLC boosted its holdings in Dollar General Corporation (NYSE:DG) by 58.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,569 shares of the company’s stock after acquiring an additional 1,693 shares during the period. Frank Rimerman Advisors LLC’s holdings in Dollar General were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of Dollar General by 4.7% during the 1st quarter. Victory Capital Management Inc. now owns 185,402 shares of the company’s stock worth $16,302,000 after purchasing an additional 8,311 shares in the last quarter. Private Advisor Group LLC lifted its stake in Dollar General by 126.8% in the 1st quarter. Private Advisor Group LLC now owns 13,755 shares of the company’s stock valued at $1,210,000 after buying an additional 7,689 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in Dollar General by 30.6% during the 1st quarter. Kestra Private Wealth Services LLC now owns 6,969 shares of the company’s stock valued at $613,000 after buying an additional 1,634 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in Dollar General by 4.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 17,013 shares of the company’s stock worth $1,496,000 after buying an additional 725 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its position in Dollar General by 100.7% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,427 shares of the company’s stock worth $125,000 after buying an additional 716 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on DG. JPMorgan Chase & Co. increased their price objective on Dollar General from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Telsey Advisory Group set a $123.00 price target on shares of Dollar General in a research note on Friday, August 29th. Gordon Haskett cut their price objective on shares of Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. Loop Capital decreased their target price on shares of Dollar General from $120.00 to $100.00 and set a “hold” rating on the stock in a research report on Tuesday, November 11th. Finally, Wolfe Research started coverage on Dollar General in a report on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dollar General has an average rating of “Hold” and a consensus target price of $118.14.

Dollar General Price Performance

Dollar General stock opened at $99.67 on Thursday. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. The firm has a 50 day moving average price of $102.20 and a 200 day moving average price of $106.01. The company has a market cap of $21.94 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.10 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 for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter last year, the business earned $1.70 EPS. Dollar General’s revenue for the quarter was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Sell-side analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, October 7th. Dollar General’s payout ratio is 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.