Elite Wealth Management Inc. Makes New Investment in Dollar General Corporation $DG

Elite Wealth Management Inc. acquired a new stake in shares of Dollar General Corporation (NYSE:DG) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,171 shares of the company’s stock, valued at approximately $1,089,000. Dollar General makes up approximately 0.4% of Elite Wealth Management Inc.’s holdings, making the stock its 28th largest position.

Other large investors have also bought and sold shares of the company. Calamos Advisors LLC raised its position in Dollar General by 32.9% in the fourth quarter. Calamos Advisors LLC now owns 245,473 shares of the company’s stock worth $32,591,000 after acquiring an additional 60,746 shares during the period. Park Capital Management LLC WI bought a new stake in shares of Dollar General during the 4th quarter valued at $1,245,000. Norges Bank bought a new stake in shares of Dollar General during the 4th quarter valued at $133,431,000. Geode Capital Management LLC increased its stake in shares of Dollar General by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock worth $754,857,000 after purchasing an additional 42,936 shares in the last quarter. Finally, Pinebridge Investments LLC purchased a new stake in shares of Dollar General in the 4th quarter worth $11,864,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Performance

NYSE:DG opened at $123.10 on Tuesday. The company has a market cap of $27.15 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.78 and a beta of 0.25. Dollar General Corporation has a 1 year low of $95.11 and a 1 year high of $158.23. The stock’s 50 day simple moving average is $113.88 and its two-hundred day simple moving average is $126.82. 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 (NYSE:DG) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 3.63% and a return on equity of 18.65%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 EPS. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. As a group, equities analysts anticipate that Dollar General Corporation will post 7.38 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th were paid a $0.59 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a yield of 1.9%. Dollar General’s dividend payout ratio (DPR) is presently 33.38%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Barclays reduced their price target on Dollar General from $151.00 to $148.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. HSBC cut their price objective on Dollar General from $141.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, June 3rd. BNP Paribas Exane reduced their target price on shares of Dollar General from $144.00 to $113.00 and set a “neutral” rating for the company in a report on Wednesday, June 3rd. Loop Capital raised their target price on shares of Dollar General from $110.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Dollar General from $110.00 to $114.00 and gave the company a “hold” rating in a report on Thursday, June 4th. Ten 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 company’s stock. According to MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $131.27.

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.