Dollar General Corporation $DG Position Cut by Centerstone Investors LLC

Key Points

• Centerstone Investors LLC reduced its stake in Dollar General by 57.3%, holding 11,346 shares worth approximately $998,000, making it the firm's 8th largest position.
• Dollar General reported a quarterly EPS of $1.86, exceeding analysts' expectations of $1.56, and had a revenue of $10.73 billion for the quarter.
• The company has announced a quarterly dividend of $0.59, set to be paid on October 21st, representing an annual yield of 2.2%.

Centerstone Investors LLC lessened its holdings in Dollar General Corporation (NYSE:DG - Free Report) by 57.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,346 shares of the company's stock after selling 15,196 shares during the period. Dollar General makes up 2.4% of Centerstone Investors LLC's investment portfolio, making the stock its 8th largest position. Centerstone Investors LLC's holdings in Dollar General were worth $998,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Cinctive Capital Management LP purchased a new position in Dollar General during the 1st quarter valued at about $261,000. Alliancebernstein L.P. boosted its holdings in Dollar General by 10.5% during the 1st quarter. Alliancebernstein L.P. now owns 298,230 shares of the company's stock valued at $26,223,000 after acquiring an additional 28,225 shares during the period. Amundi boosted its holdings in Dollar General by 181.5% during the 1st quarter. Amundi now owns 734,248 shares of the company's stock valued at $69,320,000 after acquiring an additional 473,451 shares during the period. Ancora Advisors LLC boosted its holdings in Dollar General by 1.7% during the 1st quarter. Ancora Advisors LLC now owns 7,258 shares of the company's stock valued at $638,000 after acquiring an additional 122 shares during the period. Finally, Chiron Capital Management LLC boosted its holdings in Dollar General by 66.6% during the 1st quarter. Chiron Capital Management LLC now owns 11,504 shares of the company's stock valued at $1,012,000 after acquiring an additional 4,600 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on DG shares. Jefferies Financial Group restated a "buy" rating on shares of Dollar General in a report on Tuesday, June 3rd. KeyCorp restated a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Piper Sandler raised their target price on Dollar General from $115.00 to $117.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Telsey Advisory Group set a $123.00 target price on Dollar General in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. increased their price target on Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $112.92.

Dollar General Stock Down 0.6%

Shares of NYSE DG traded down $0.62 during midday trading on Monday, hitting $108.67. 3,467,132 shares of the company's stock were exchanged, compared to its average volume of 3,726,102. 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 twelve month low of $66.43 and a twelve month high of $117.95. The company has a market cap of $23.92 billion, a PE ratio of 20.12, a P/E/G ratio of 2.31 and a beta of 0.29. The firm's fifty day simple moving average is $111.58 and its 200-day simple moving average is $99.67.

Dollar General (NYSE:DG - Get Free Report) last issued 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 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 analyst estimates of $10.68 billion. During the same quarter last year, the company earned $1.70 EPS. The business'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. Research analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

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

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 1,969 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was 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 in the company, valued at $4,646,027.76. This represents a 13.39% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

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.