ARGA Investment Management LP Trims Holdings in Dollar General Corporation $DG

Key Points

• ARGA Investment Management LP has reduced its stake in Dollar General Corporation by 67.9%, selling 24,584 shares in the second quarter and now holding 11,600 shares valued at approximately $1.3 million.
• Several institutional investors increased their positions in Dollar General, with notable jumps including Mountain Hill Investment Partners Corp. increasing its stake by 66.7% and Larson Financial Group LLC by 384.3% in the first quarter.
• Dollar General has recently reported a quarterly EPS of $1.86, exceeding estimates, and has declared a quarterly dividend of $0.59 per share with a yield of 2.3%.

ARGA Investment Management LP cut its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 67.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,600 shares of the company's stock after selling 24,584 shares during the quarter. ARGA Investment Management LP's holdings in Dollar General were worth $1,327,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Mountain Hill Investment Partners Corp. boosted its position in Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after acquiring an additional 200 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after purchasing an additional 342 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Dollar General by 384.3% in the first quarter. Larson Financial Group LLC now owns 615 shares of the company's stock valued at $54,000 after purchasing an additional 488 shares during the period. Harbor Investment Advisory LLC increased its stake in Dollar General by 35.2% in the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company's stock valued at $56,000 after purchasing an additional 128 shares during the last quarter. Finally, Bogart Wealth LLC lifted its position in Dollar General by 37.6% during the first quarter. Bogart Wealth LLC now owns 674 shares of the company's stock worth $59,000 after buying an additional 184 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on DG shares. Guggenheim restated a "buy" rating and issued a $125.00 price target on shares of Dollar General in a report on Friday, August 29th. Wolfe Research assumed coverage on shares of Dollar General in a report on Thursday, September 18th. They issued an "outperform" rating and a $139.00 target price for the company. Sanford C. Bernstein upped their price target on shares of Dollar General from $122.00 to $134.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Truist Financial increased their price target on shares of Dollar General from $119.00 to $120.00 and gave the stock a "hold" rating in a research note on Friday, August 29th. Finally, Evercore ISI lowered their price objective on shares of Dollar General from $114.00 to $112.00 and set an "in-line" rating for the company in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $115.40.

Dollar General Stock Performance

NYSE:DG opened at $102.93 on Friday. The firm's fifty day simple moving average is $105.70 and its 200 day simple moving average is $104.49. 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 twelve month low of $66.43 and a twelve month high of $117.95. The firm has a market capitalization of $22.66 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 2.18 and a beta of 0.30.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating 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 analyst estimates of $10.68 billion. During the same period last year, the company posted $1.70 earnings per share. The firm'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. As a group, equities research analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, October 7th. Dollar General's dividend payout ratio is currently 43.70%.

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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