Birmingham Capital Management Co. Inc. AL Trims Stake in Dollar General Corporation $DG

Key Points

• Birmingham Capital Management Co. Inc. AL reduced its stake in Dollar General Corporation by 48.7% during Q2, now holding 18,345 shares valued at approximately $2.1 million.
• Dollar General reported quarterly earnings of $1.86 EPS, surpassing estimates and showing a 5.1% revenue increase year-over-year, totaling $10.73 billion.
• The company announced a quarterly dividend of $0.59, which will be paid on October 21st, reflecting an annualized yield of 2.2%.

Birmingham Capital Management Co. Inc. AL reduced its stake in Dollar General Corporation (NYSE:DG - Free Report) by 48.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,345 shares of the company's stock after selling 17,386 shares during the period. Birmingham Capital Management Co. Inc. AL's holdings in Dollar General were worth $2,098,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DG. Blue Trust Inc. raised its position in shares of Dollar General by 5.8% in the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company's stock worth $229,000 after acquiring an additional 110 shares in the last quarter. Tectonic Advisors LLC grew its stake in Dollar General by 1.9% in the second quarter. Tectonic Advisors LLC now owns 6,037 shares of the company's stock worth $691,000 after purchasing an additional 113 shares during the period. Ancora Advisors LLC raised its holdings in Dollar General by 1.7% in the first quarter. Ancora Advisors LLC now owns 7,258 shares of the company's stock worth $638,000 after purchasing an additional 122 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in Dollar General by 35.2% during the second 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 period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Dollar General by 18.3% during the second 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 period. 91.77% of the stock is owned by institutional investors.

Dollar General Trading Up 1.8%

NYSE:DG opened at $105.79 on Monday. The stock has a market cap of $23.29 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.23 and a beta of 0.30. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The company's 50 day moving average price is $106.54 and its 200-day moving average price is $104.32. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share (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 business had revenue of $10.73 billion for the quarter, compared to analysts' expectations of $10.68 billion. During the same period in the prior year, the firm posted $1.70 EPS. The firm's quarterly revenue was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, equities research analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm 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 2.2%. The ex-dividend date is Tuesday, October 7th. Dollar General's dividend payout ratio (DPR) is presently 43.70%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Dollar General in a research report on Tuesday, October 14th. Raymond James Financial upped their price objective on shares of Dollar General from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Sanford C. Bernstein lifted their target price on shares of Dollar General from $122.00 to $134.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Piper Sandler boosted their price target on Dollar General from $115.00 to $117.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Finally, The Goldman Sachs Group lowered Dollar General from a "buy" rating to a "neutral" rating and raised their price objective for the company from $115.00 to $116.00 in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Dollar General presently has an average rating of "Hold" and a consensus target price of $115.40.

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.

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