Sugarloaf Wealth Management LLC Grows Stake in Dollar General Co. (NYSE:DG)

Sugarloaf Wealth Management LLC lifted its stake in Dollar General Co. (NYSE:DG) by 11.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,984 shares of the company’s stock after buying an additional 1,256 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Dollar General were worth $2,035,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. First Manhattan Co. boosted its holdings in Dollar General by 447.4% in the 4th quarter. First Manhattan Co. now owns 104 shares of the company’s stock worth $26,000 after acquiring an additional 85 shares during the period. Financial Freedom LLC purchased a new position in Dollar General in the 4th quarter worth approximately $26,000. Strategic Investment Solutions Inc. IL purchased a new position in Dollar General in the 1st quarter worth approximately $28,000. Atlas Capital Advisors LLC acquired a new position in shares of Dollar General in the 2nd quarter valued at approximately $32,000. Finally, SouthState Corp purchased a new position in shares of Dollar General during the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 90.37% of the company’s stock.

Dollar General Price Performance

DG stock traded down $0.02 during trading on Tuesday, hitting $113.64. The company had a trading volume of 2,744,347 shares, compared to its average volume of 2,716,639. The firm has a market capitalization of $24.94 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 2.06 and a beta of 0.30. The business has a 50 day moving average of $155.04 and a 200 day moving average of $183.90. Dollar General Co. has a fifty-two week low of $112.16 and a fifty-two week high of $261.59. The company has a current ratio of 1.39, a quick ratio of 0.15 and a debt-to-equity ratio of 1.16.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 31st. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.47 by ($0.34). Dollar General had a return on equity of 36.34% and a net margin of 5.59%. The company had revenue of $9.80 billion during the quarter, compared to analyst estimates of $9.93 billion. During the same period in the previous year, the company earned $2.98 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, research analysts predict that Dollar General Co. will post 7.77 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Friday, October 6th. Dollar General’s payout ratio is 24.18%.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research analyst reports. Truist Financial dropped their price target on shares of Dollar General from $166.00 to $142.00 and set a “hold” rating for the company in a research note on Friday, September 1st. OTR Global upgraded shares of Dollar General to a “positive” rating in a research note on Friday, May 26th. The Goldman Sachs Group dropped their price target on shares of Dollar General from $216.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, September 1st. Morgan Stanley dropped their price target on shares of Dollar General from $180.00 to $135.00 and set an “equal weight” rating for the company in a research note on Friday, September 1st. Finally, Bank of America dropped their price target on shares of Dollar General from $155.00 to $130.00 in a research note on Friday, September 1st. Seventeen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $159.41.

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.