Hamel Associates Inc. Has $1.21 Million Holdings in Dollar General Corporation $DG

Hamel Associates Inc. decreased its position in Dollar General Corporation (NYSE:DG) by 15.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,605 shares of the company’s stock after selling 2,000 shares during the period. Hamel Associates Inc.’s holdings in Dollar General were worth $1,213,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of Dollar General by 251.6% during the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock worth $178,983,000 after buying an additional 1,456,549 shares in the last quarter. Norges Bank bought a new stake in shares of Dollar General in the 2nd quarter worth $154,371,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Dollar General by 15,369.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,219,179 shares of the company’s stock valued at $139,450,000 after purchasing an additional 1,211,298 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Dollar General by 4.8% during the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock valued at $2,324,271,000 after purchasing an additional 1,201,917 shares in the last quarter. Finally, Laurel Wealth Advisors LLC boosted its holdings in Dollar General by 10,936.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,204,193 shares of the company’s stock worth $137,736,000 after purchasing an additional 1,193,282 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Guggenheim reiterated a “buy” rating and issued a $125.00 price objective on shares of Dollar General in a research note on Friday. Wells Fargo & Company lifted their price target on Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Sanford C. Bernstein boosted their price objective on Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Piper Sandler raised their target price on Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and an average target price of $118.14.

Dollar General Stock Up 0.5%

Shares of NYSE DG opened at $109.36 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. The stock has a market capitalization of $24.07 billion, a PE ratio of 20.25, a P/E/G ratio of 2.10 and a beta of 0.30. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95. The business’s fifty day moving average price is $102.24 and its 200-day moving average price is $106.68.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. The business had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.70 EPS. On average, equities research analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.

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.