Concurrent Investment Advisors LLC Sells 6,977 Shares of Dollar General Corporation $DG

Key Points

• Concurrent Investment Advisors LLC significantly reduced its stake in Dollar General by 74.4%, selling 6,977 shares, resulting in ownership of only 2,400 shares valued at $274,000.
• Dollar General recently reported $1.86 earnings per share, exceeding analysts' expectations and indicating a 5.1% revenue increase year-over-year, with total revenue reaching $10.73 billion.
• The company announced a quarterly dividend of $0.59, with a dividend yield of 2.2%, and a payout ratio of 43.70%.

Concurrent Investment Advisors LLC lowered its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 74.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,400 shares of the company's stock after selling 6,977 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Dollar General were worth $274,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DG. GAMMA Investing LLC increased its position in Dollar General by 23.0% during the first quarter. GAMMA Investing LLC now owns 6,068 shares of the company's stock worth $534,000 after acquiring an additional 1,136 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Dollar General by 84.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,351 shares of the company's stock worth $1,965,000 after acquiring an additional 10,209 shares during the period. Sowell Financial Services LLC bought a new position in Dollar General during the first quarter worth $280,000. Johnson Investment Counsel Inc. increased its position in Dollar General by 134.0% during the first quarter. Johnson Investment Counsel Inc. now owns 9,871 shares of the company's stock worth $868,000 after acquiring an additional 5,653 shares during the period. Finally, Blue Trust Inc. increased its position in Dollar General by 181.2% during the first quarter. Blue Trust Inc. now owns 1,895 shares of the company's stock worth $167,000 after acquiring an additional 1,221 shares during the period. Institutional investors own 91.77% of the company's stock.

Dollar General Stock Up 1.8%

DG opened at $105.79 on Monday. The firm's 50-day simple moving average is $106.54 and its 200-day simple moving average is $104.32. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The firm 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.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the prior year, the firm earned $1.70 EPS. The firm's quarterly 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. Equities research analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.2%. Dollar General's dividend payout ratio is presently 43.70%.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of research reports. Gordon Haskett dropped their target price on shares of Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. Wolfe Research began coverage on shares of Dollar General in a report on Thursday, September 18th. They issued an "outperform" rating and a $139.00 price target on the stock. Evercore ISI lowered their price target on shares of Dollar General from $114.00 to $112.00 and set an "in-line" rating on the stock in a report on Tuesday, October 7th. Morgan Stanley boosted their price target on shares of Dollar General from $115.00 to $125.00 and gave the company an "equal weight" rating in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Dollar General from $95.00 to $109.00 and gave the company a "neutral" rating in a report on Tuesday, September 16th. One investment 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 stock. According to MarketBeat.com, the stock 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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