Country Club Bank Reduces Stock Position in Dollar General Corporation $DG

Key Points

• Country Club Bank reduced its holdings in Dollar General Corporation by 81.2%, now owning just 4,770 shares valued at $546,000 after selling 20,646 shares during the 2nd quarter.
• Dollar General reported a quarterly revenue of $10.73 billion and earnings per share of $1.86, exceeding estimates and showing a 5.1% year-over-year growth.
• The company declared a quarterly dividend of $0.59 per share, representing a dividend yield of 2.4%, with the ex-dividend date set for October 7th.

Country Club Bank cut its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 81.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,770 shares of the company's stock after selling 20,646 shares during the quarter. Country Club Bank's holdings in Dollar General were worth $546,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harbor Investment Advisory LLC increased its holdings in Dollar General by 35.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company's stock worth $56,000 after purchasing an additional 128 shares during the last quarter. Mountain Hill Investment Partners Corp. increased its holdings in shares of Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after acquiring an additional 200 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after acquiring an additional 342 shares during the last quarter. CVA Family Office LLC increased its holdings in shares of Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after acquiring an additional 161 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Dollar General by 384.3% in the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company's stock valued at $54,000 after acquiring an additional 488 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Trading Down 1.8%

NYSE:DG opened at $96.40 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95. The business has a 50 day simple moving average of $107.89 and a 200 day simple moving average of $103.36. The firm has a market capitalization of $21.22 billion, a P/E ratio of 17.85, a P/E/G ratio of 2.07 and a beta of 0.30.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the previous 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. Equities research analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, October 7th. Dollar General's payout ratio is 43.70%.

Analysts Set New Price Targets

DG has been the subject of a number of research analyst reports. Loop Capital boosted their price target on Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a report on Thursday, July 10th. Barclays boosted their price target on Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, August 29th. The Goldman Sachs Group downgraded Dollar General from a "buy" rating to a "neutral" rating and boosted their price target for the company from $115.00 to $116.00 in a report on Tuesday, June 24th. Evercore ISI lowered their price target on Dollar General from $114.00 to $112.00 and set an "in-line" rating for the company in a report on Tuesday. Finally, Gordon Haskett lowered their price target on Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $115.40.

Dollar General 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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