Guardian Wealth Advisors LLC NC Increases Position in Dollar General Co. (NYSE:DG)

Guardian Wealth Advisors LLC NC grew its stake in Dollar General Co. (NYSE:DG) by 25.4% during the first quarter, HoldingsChannel reports. The fund owned 6,033 shares of the company’s stock after acquiring an additional 1,223 shares during the quarter. Guardian Wealth Advisors LLC NC’s holdings in Dollar General were worth $1,270,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DG. First Manhattan Co. boosted its position in shares of 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 purchasing an additional 85 shares in the last quarter. Financial Freedom LLC acquired a new stake in Dollar General during the 4th quarter worth about $26,000. Atlas Capital Advisors LLC acquired a new stake in Dollar General during the 2nd quarter worth about $32,000. SouthState Corp acquired a new stake in Dollar General during the 4th quarter worth about $37,000. Finally, Focused Wealth Management Inc lifted its position in Dollar General by 129.9% during the 1st quarter. Focused Wealth Management Inc now owns 177 shares of the company’s stock worth $37,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 90.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on DG shares. Wells Fargo & Company cut Dollar General from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $178.00 to $165.00 in a research report on Tuesday, June 6th. Edward Jones raised Dollar General from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Truist Financial lowered their price target on Dollar General from $166.00 to $142.00 and set a “hold” rating for the company in a research report on Friday, September 1st. TheStreet cut Dollar General from a “b-” rating to a “c+” rating in a research report on Thursday, June 1st. Finally, Raymond James cut Dollar General from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $200.00 to $160.00 in a report on Friday, September 1st. Seventeen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $159.41.

Dollar General Price Performance

NYSE:DG opened at $127.20 on Friday. Dollar General Co. has a 12 month low of $123.31 and a 12 month high of $261.59. The stock has a 50 day moving average of $159.94 and a two-hundred day moving average of $187.50. The company has a current ratio of 1.39, a quick ratio of 0.12 and a debt-to-equity ratio of 1.16. The firm has a market cap of $27.92 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 2.18 and a beta of 0.30.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 31st. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.47 by ($0.34). The firm had revenue of $9.80 billion for the quarter, compared to analysts’ expectations of $9.93 billion. Dollar General had a return on equity of 36.34% and a net margin of 5.59%. Dollar General’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.98 earnings per share. On average, analysts expect that Dollar General Co. will post 7.82 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Friday, October 6th. Dollar General’s dividend payout ratio is currently 24.18%.

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.