Allianz Asset Management GmbH Sells 78,907 Shares of Dollar General Corporation $DG

Key Points

• Allianz Asset Management GmbH sold 78,907 shares of Dollar General Corporation, reducing its stake by 10.2% and holding approximately 0.31% of the company valued at $79.24 million post-sale.
• Dollar General reported earnings per share (EPS) of $1.86 for the last quarter, exceeding estimates by $0.30, and showed a revenue increase of 5.1% year-over-year.
• The company declared a quarterly dividend of $0.59, with a 2.3% yield, and the stock is trading down 2.3% at $103.87 per share.

Allianz Asset Management GmbH lessened its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 10.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 692,783 shares of the company's stock after selling 78,907 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.31% of Dollar General worth $79,241,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DG. Blue Trust Inc. raised its stake in shares of Dollar General by 5.8% during the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company's stock valued at $229,000 after buying an additional 110 shares during the last quarter. Tectonic Advisors LLC raised its stake in shares of Dollar General by 1.9% during the 2nd quarter. Tectonic Advisors LLC now owns 6,037 shares of the company's stock valued at $691,000 after buying an additional 113 shares during the last quarter. Ancora Advisors LLC raised its stake in shares of Dollar General by 1.7% during the 1st quarter. Ancora Advisors LLC now owns 7,258 shares of the company's stock valued at $638,000 after buying an additional 122 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in shares of Dollar General by 35.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company's stock valued at $56,000 after buying an additional 128 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Dollar General by 18.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,056 shares of the company's stock valued at $121,000 after buying an additional 163 shares during the last quarter. Institutional investors own 91.77% of the company's stock.

Dollar General Trading Down 2.3%

DG stock opened at $103.87 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95. The stock has a market cap of $22.86 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.24 and a beta of 0.30. The business's 50-day moving average is $106.75 and its 200 day moving average is $104.02.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company had revenue of $10.73 billion for the quarter, compared to analysts' expectations of $10.68 billion. During the same period in the previous year, the firm posted $1.70 EPS. Dollar General's revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, sell-side analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, October 7th. Dollar General's payout ratio is presently 43.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Guggenheim restated a "buy" rating and set a $125.00 target price on shares of Dollar General in a research report on Friday, August 29th. Wolfe Research assumed coverage on Dollar General in a research report on Thursday, September 18th. They set an "outperform" rating and a $139.00 target price on the stock. Wells Fargo & Company raised their target price on Dollar General from $105.00 to $115.00 and gave the company an "equal weight" rating in a research report on Friday, August 29th. Morgan Stanley raised their target price on Dollar General from $115.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, August 29th. Finally, Gordon Haskett dropped their target price on Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $115.40.

About Dollar General

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.

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