Elevation Point Wealth Partners LLC Increases Stake in Dollar General Corporation $DG

Elevation Point Wealth Partners LLC boosted its holdings in shares of Dollar General Corporation (NYSE:DG) by 128.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 8,343 shares of the company’s stock after purchasing an additional 4,685 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Dollar General were worth $991,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac acquired a new position in Dollar General during the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Dollar General by 4,550.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company’s stock valued at $25,000 after buying an additional 182 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Dollar General by 69.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock worth $26,000 after buying an additional 79 shares during the last quarter. Reflection Asset Management acquired a new position in Dollar General in the fourth quarter valued at approximately $28,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Dollar General during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Up 0.1%

DG opened at $116.44 on Tuesday. The firm has a market cap of $25.69 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.80 and a beta of 0.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17. The business has a 50 day moving average price of $111.27 and a 200 day moving average price of $128.66. Dollar General Corporation has a twelve month low of $95.11 and a twelve month high of $158.23.

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

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 7th. This represents a $2.36 annualized dividend and a yield of 2.0%. Dollar General’s dividend payout ratio is presently 33.38%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wall Street Zen cut shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. HSBC lowered their target price on shares of Dollar General from $141.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, June 3rd. KeyCorp reaffirmed a “sector weight” rating on shares of Dollar General in a report on Friday, March 13th. Oppenheimer reduced their target price on Dollar General from $170.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Finally, Truist Financial boosted their price target on shares of Dollar General from $109.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, June 2nd. Ten investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus price target of $131.27.

Dollar General Company Profile

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.