Dollar General Corporation $DG is Estuary Capital Management LP's 4th Largest Position

Key Points

• Estuary Capital Management LP decreased its holdings in Dollar General Corporation by 14.0%, now owning 488,820 shares valued at approximately $42.98 million, making it their 4th largest position.
• Multiple institutional investors, including Two Sigma Investments LP and Pacer Advisors Inc., significantly increased their stakes in Dollar General by up to 5,440.2% during recent quarters.
• Dollar General reported a quarterly earnings of $1.86 per share, surpassing estimates, and also declared a quarterly dividend of $0.59, contributing to a 2.2% annualized yield.

Estuary Capital Management LP lowered its stake in Dollar General Corporation (NYSE:DG - Free Report) by 14.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 488,820 shares of the company's stock after selling 79,814 shares during the period. Dollar General accounts for about 10.4% of Estuary Capital Management LP's holdings, making the stock its 4th largest holding. Estuary Capital Management LP owned 0.22% of Dollar General worth $42,982,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DG. Ameriflex Group Inc. bought a new position in Dollar General in the 4th quarter valued at approximately $31,000. Mountain Hill Investment Partners Corp. lifted its position in 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 in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after buying an additional 342 shares during the period. CVA Family Office LLC lifted its holdings in shares of Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after buying an additional 161 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Dollar General during the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DG. Oppenheimer raised Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price target on the stock in a report on Wednesday, June 4th. Guggenheim reissued a "buy" rating and set a $125.00 price target on shares of Dollar General in a report on Friday, August 29th. Telsey Advisory Group set a $123.00 price target on Dollar General in a report on Friday, August 29th. Evercore ISI increased their price target on Dollar General from $118.00 to $120.00 and gave the company an "in-line" rating in a report on Tuesday, August 12th. Finally, The Goldman Sachs Group cut Dollar General from a "buy" rating to a "neutral" rating and increased their price target for the company from $115.00 to $116.00 in a report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fifteen have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $112.92.

Dollar General Price Performance

DG stock traded down $0.62 during trading on Monday, reaching $108.67. The company's stock had a trading volume of 3,467,132 shares, compared to its average volume of 3,726,102. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. 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 has a market capitalization of $23.92 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 2.31 and a beta of 0.29. The company's fifty day moving average is $111.58 and its 200-day moving average is $99.67.

Dollar General (NYSE:DG - Get Free Report) last issued 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 business had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the prior year, the business posted $1.70 EPS. Dollar General's revenue for the quarter 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. On average, research analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal 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 paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, October 7th. Dollar General's dividend payout ratio is presently 43.70%.

Insiders Place Their Bets

In other news, EVP Emily C. Taylor sold 1,969 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the transaction, the executive vice president owned 46,563 shares in the company, valued at $5,261,619. This trade represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the transaction, the executive vice president owned 41,646 shares of the company's stock, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company's stock.

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.