CX Institutional Cuts Stake in Dollar General Corporation $DG

Key Points

• CX Institutional reduced its stake in Dollar General by 18.7% in the second quarter, owning 10,548 shares worth approximately $1.2 million after selling 2,428 shares.
• Dollar General's latest quarterly earnings revealed an EPS of $1.86, exceeding analyst expectations, while revenue was up 5.1% year-over-year at $10.73 billion.
• The company announced a $0.59 quarterly dividend payable on October 21st, reflecting a 2.3% yield and a payout ratio of 43.70%.

CX Institutional lowered its position in Dollar General Corporation (NYSE:DG - Free Report) by 18.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,548 shares of the company's stock after selling 2,428 shares during the quarter. CX Institutional's holdings in Dollar General were worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sowell Financial Services LLC purchased a new stake in Dollar General in the first quarter worth approximately $280,000. Robeco Institutional Asset Management B.V. boosted its stake in Dollar General by 4.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company's stock worth $2,424,000 after buying an additional 1,102 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Dollar General by 74.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company's stock worth $921,000 after buying an additional 5,171 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Dollar General by 48.9% during the first quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company's stock valued at $288,000 after purchasing an additional 1,081 shares during the period. Finally, Dynamic Advisor Solutions LLC purchased a new stake in shares of Dollar General during the first quarter valued at approximately $879,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Stock Performance

Shares of DG stock opened at $102.99 on Friday. The stock has a fifty day moving average of $109.11 and a 200 day moving average of $102.08. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95. The firm has a market capitalization of $22.67 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 2.20 and a beta of 0.29. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.86 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 last year, the firm posted $1.70 earnings per share. The firm's 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. As a group, research analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on DG shares. JPMorgan Chase & Co. increased their price objective on Dollar General from $95.00 to $109.00 and gave the company a "neutral" rating in a research note on Tuesday, September 16th. Wells Fargo & Company increased their price objective on Dollar General from $105.00 to $115.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. UBS Group increased their price objective on Dollar General from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Guggenheim reissued a "buy" rating and set a $125.00 price objective on shares of Dollar General in a research note on Friday, August 29th. Finally, Piper Sandler increased their price objective on Dollar General from $115.00 to $117.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, Dollar General currently has an average rating of "Hold" and an average target price of $115.50.

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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