Hexagon Capital Partners LLC Acquires 707 Shares of Dollar General Co. (NYSE:DG)

Hexagon Capital Partners LLC raised its holdings in shares of Dollar General Co. (NYSE:DG) by 47.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,208 shares of the company’s stock after buying an additional 707 shares during the period. Hexagon Capital Partners LLC’s holdings in Dollar General were worth $478,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sterling Investment Advisors Ltd. bought a new position in shares of Dollar General during the 2nd quarter worth approximately $30,000. RE Advisers Corp bought a new position in shares of Dollar General during the 2nd quarter worth approximately $34,000. Harbour Investments Inc. bought a new position in shares of Dollar General during the 1st quarter worth approximately $37,000. Allred Capital Management LLC bought a new position in shares of Dollar General during the 1st quarter worth approximately $50,000. Finally, BDO Wealth Advisors LLC grew its stake in shares of Dollar General by 175.2% during the 1st quarter. BDO Wealth Advisors LLC now owns 289 shares of the company’s stock worth $59,000 after acquiring an additional 184 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

Shares of DG traded up $0.78 during midday trading on Friday, reaching $222.34. 25,141 shares of the stock were exchanged, compared to its average volume of 2,076,950. Dollar General Co. has a twelve month low of $173.50 and a twelve month high of $239.35. The company has a quick ratio of 0.13, a current ratio of 1.09 and a debt-to-equity ratio of 0.68. The company has a market cap of $51.87 billion, a P/E ratio of 21.22, a PEG ratio of 1.89 and a beta of 0.50. The stock’s 50 day simple moving average is $227.78 and its 200 day simple moving average is $213.49.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Wednesday, August 25th. The company reported $2.69 EPS for the quarter, topping the Zacks’ consensus estimate of $2.59 by $0.10. Dollar General had a return on equity of 38.90% and a net margin of 7.52%. The company had revenue of $8.65 billion for the quarter, compared to analysts’ expectations of $8.59 billion. During the same quarter last year, the business earned $3.12 earnings per share. Dollar General’s revenue was down .4% on a year-over-year basis. As a group, analysts predict that Dollar General Co. will post 10.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 19th. Shareholders of record on Tuesday, October 5th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Monday, October 4th. Dollar General’s dividend payout ratio is presently 15.82%.

Several equities research analysts have recently commented on the company. Morgan Stanley increased their price objective on Dollar General from $225.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, August 27th. Deutsche Bank Aktiengesellschaft increased their price objective on Dollar General from $231.00 to $253.00 and gave the company a “buy” rating in a report on Monday, August 23rd. Piper Sandler increased their price objective on Dollar General from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, May 28th. Citigroup increased their price objective on Dollar General from $250.00 to $260.00 and gave the company a “buy” rating in a report on Friday, May 28th. Finally, Raymond James raised their price target on Dollar General from $235.00 to $260.00 and gave the company a “strong-buy” rating in a report on Friday, August 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $244.41.

Dollar General Company Profile

Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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