The Dollar General Co. stake. (NYSE:DG) was raised by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC raised its stake in Dollar General Co. (NYSE:DG – Free Report) by 48.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,893 shares of the company’s stock after acquiring an additional 939 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Dollar General were worth $383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Dollar General during the fourth quarter valued at $18,861,000. Federated Hermes Inc. raised its stake in Dollar General by 41.0% during the fourth quarter. Federated Hermes Inc. now owns 423 shares of the company’s stock valued at $58,000 after buying an additional 123 shares in the last quarter. Choreo LLC acquired a new position in Dollar General in the fourth quarter valued at about $403,000. Savant Capital LLC bought a new stake in Dollar General in the fourth quarter valued at about $481,000. Finally, Victory Capital Management Inc. raised its holdings in Dollar General by 16.3% in the 4th quarter. Victory Capital Management Inc. now owns 101,135 shares of the company’s stock valued at $13,749,000 after purchasing an additional 14,182 shares during the last quarter. Institutional investors own 91.77% of the company’s shares.

Analysts on Wall Street are forecasting an increase

DG has been the subject of several recent research reports. Evercore ISI reduced their price objective on shares of Dollar General from $139.00 to $100.00 and set an “in-line” rating on the stock in a research note on Friday. Telsey Advisory Group lowered shares of Dollar General from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $168.00 to $103.00 in a research report on Friday. Piper Sandler decreased their price objective on Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Goldman Sachs Group cut their price target on Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a report on Friday. Finally, BMO Capital Markets cut their price target on Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $118.48, according to MarketBeat.com.

Read our latest research report on DG

Overall dollar price performance

Shares of NYSE:DG opened at $82.97 on Friday. The firm has a market cap of $18.24 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 2.36 and a beta of 0.43. Dollar General Co. has a 1 year low of $82.68 and a 1 year high of $168.07. The company has a current ratio of 1.22, a quick ratio of 0.18, and a debt-to-equity ratio of 0.89. The company has a fifty day simple moving average of $122.17 and a 200 day simple moving average of $136.05.

Dollar General (NYSE:DG – Get Your Free Report ) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. In the same period last year, the company earned $2.13 per share. As a group, sell-side analysts predict that Dollar General Co. will post 7.21 earnings per share for the current fiscal year.

Dollar General announces dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a $0.59 dividend. This represents an annualized dividend of $2.36 and a yield of 2.84%. The ex-dividend date is Tuesday, October 8. Dollar General’s dividend payout ratio is 34.35%.

About Dollar General

(Free report)

Dollar General Corporation, a discount retailer, provides various merchandise products in the South, Southwest, Midwest, and Eastern United States. Provides consumables including paper and cleaning products such as paper towels, bath tissue, paper tableware, trash and storage bags, disinfectants and laundry detergent; Packaged foods including cereals, pasta, canned soups, fruits and vegetables, spices, seasonings, sugar and flour; and perishables that include milk, eggs, bread, refrigerated and frozen foods, beer and wine.

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