SteelPeak Wealth LLC Boosts Stock Position in Dollar General Corporation $DG

SteelPeak Wealth LLC lifted its stake in shares of Dollar General Corporation (NYSE:DG) by 27.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,598 shares of the company’s stock after purchasing an additional 7,330 shares during the quarter. SteelPeak Wealth LLC’s holdings in Dollar General were worth $3,867,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Dollar General by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock valued at $2,314,000 after buying an additional 1,185 shares during the period. NewEdge Advisors LLC grew its stake in Dollar General by 12.3% during the first quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock valued at $919,000 after acquiring an additional 1,148 shares in the last quarter. Woodline Partners LP increased its holdings in Dollar General by 40.7% during the 1st quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock worth $1,634,000 after acquiring an additional 5,373 shares during the period. Sivia Capital Partners LLC bought a new stake in Dollar General during the 2nd quarter worth approximately $211,000. Finally, Jump Financial LLC purchased a new stake in Dollar General in the 2nd quarter worth approximately $209,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on DG shares. Telsey Advisory Group cut their price target on shares of Dollar General from $140.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, June 3rd. UBS Group reissued a “buy” rating on shares of Dollar General in a research note on Wednesday, May 27th. Weiss Ratings restated a “hold (c)” rating on shares of Dollar General in a research report on Wednesday, July 8th. Truist Financial lifted their price target on Dollar General from $109.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, June 2nd. Finally, Loop Capital upped their price objective on shares of Dollar General from $110.00 to $115.00 and gave the stock a “hold” rating in a research report on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $131.27.

Dollar General Trading Down 0.5%

Shares of DG stock opened at $119.44 on Thursday. The business has a 50-day moving average of $118.55 and a 200 day moving average of $124.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25. Dollar General Corporation has a 1-year low of $95.11 and a 1-year high of $158.23. The stock has a market capitalization of $26.35 billion, a PE ratio of 16.89, a P/E/G ratio of 1.83 and a beta of 0.23.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.11. The firm had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.78 earnings per share. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. As a group, sell-side analysts anticipate that Dollar General Corporation will post 7.38 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, July 7th. Dollar General’s dividend payout ratio is 33.38%.

About Dollar General

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.