SteelPeak Wealth LLC Increases Stake in Dollar General Corporation $DG

SteelPeak Wealth LLC increased its stake in Dollar General Corporation (NYSE:DG) by 27.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,598 shares of the company’s stock after buying an additional 7,330 shares during the period. SteelPeak Wealth LLC’s holdings in Dollar General were worth $3,867,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Dollar General by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock worth $2,314,000 after acquiring an additional 1,185 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Dollar General by 12.3% in the 1st quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock valued at $919,000 after purchasing an additional 1,148 shares during the period. Woodline Partners LP boosted its position in shares of Dollar General by 40.7% during the first quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock valued at $1,634,000 after purchasing an additional 5,373 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Dollar General during the second quarter valued at approximately $211,000. Finally, Jump Financial LLC purchased a new stake in Dollar General in the second quarter worth $209,000. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Performance

Shares of NYSE DG opened at $119.44 on Thursday. The firm’s 50-day moving average price is $118.55 and its 200-day moving average price is $124.99. Dollar General Corporation has a 52-week low of $95.11 and a 52-week high of $158.23. The company has a market cap of $26.35 billion, a PE ratio of 16.89, a PEG ratio of 1.83 and a beta of 0.23. The company has a quick ratio of 0.25, a current ratio of 1.17 and a debt-to-equity ratio of 0.52.

Dollar General (NYSE:DG) last released 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. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. The firm had revenue of $10.79 billion during the quarter, compared to analysts’ expectations of $10.81 billion. During the same period in the previous year, the company earned $1.78 earnings per share. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. As a group, analysts anticipate that Dollar General Corporation will post 7.38 EPS for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th were issued 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 presently 33.38%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Evercore lowered their price objective on Dollar General from $145.00 to $140.00 in a research report on Wednesday, June 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Dollar General in a research report on Wednesday, July 8th. Barclays cut their price objective on shares of Dollar General from $151.00 to $148.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. BNP Paribas Exane lowered 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. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Dollar General from $110.00 to $114.00 and gave the stock a “hold” rating in a research note on Thursday, June 4th. Ten investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company 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.