Dollar General Corporation $DG Shares Sold by Allen Mooney & Barnes Investment Advisors LLC

Key Points

• Allen Mooney & Barnes Investment Advisors LLC significantly reduced its stake in Dollar General Corporation by 97.7%, selling 135,125 shares and now holding only 3,250 shares valued at approximately $372,000.
• Vanguard Group Inc. increased its holdings in Dollar General by 4.8% to over 26 million shares valued at $2.3 billion, indicating strong institutional interest with 91.77% of the stock owned by institutional investors.
• The company recently reported earnings of $1.86 EPS, surpassing analyst expectations, and declared a quarterly dividend of $0.59, reflecting a 2.3% dividend yield as of the upcoming payment date on October 21st.

Allen Mooney & Barnes Investment Advisors LLC decreased its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 97.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,250 shares of the company's stock after selling 135,125 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC's holdings in Dollar General were worth $372,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Dollar General by 4.8% during the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock valued at $2,324,271,000 after purchasing an additional 1,201,917 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Dollar General by 8.5% during the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock valued at $1,122,914,000 after purchasing an additional 1,003,206 shares in the last quarter. ACR Alpine Capital Research LLC raised its stake in shares of Dollar General by 3.9% during the first quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company's stock valued at $369,081,000 after purchasing an additional 155,966 shares in the last quarter. Invesco Ltd. raised its stake in shares of Dollar General by 2.6% during the first quarter. Invesco Ltd. now owns 3,469,568 shares of the company's stock valued at $305,079,000 after purchasing an additional 89,067 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Dollar General by 323.1% during the fourth quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock valued at $178,491,000 after purchasing an additional 1,797,776 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DG shares. Jefferies Financial Group restated a "buy" rating on shares of Dollar General in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. boosted their price target on shares of Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Guggenheim reiterated a "buy" rating and issued a $125.00 price target on shares of Dollar General in a research report on Friday, August 29th. Oppenheimer upgraded shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price target on the stock in a research report on Wednesday, June 4th. Finally, Raymond James Financial boosted their price target on shares of Dollar General from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, Dollar General has an average rating of "Hold" and a consensus price target of $112.92.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 1,969 shares of the business'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 value of $222,497.00. Following the completion of the sale, the executive vice president owned 46,563 shares of the company's stock, valued at approximately $5,261,619. The trade was a 4.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.56% of the company's stock.

Dollar General Stock Performance

Shares of DG opened at $104.32 on Monday. The company's 50 day moving average price is $110.69 and its 200 day moving average price is $100.69. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95. The company has a market capitalization of $22.96 billion, a PE ratio of 19.32, a PEG ratio of 2.20 and a beta of 0.29. 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 (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The firm had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same period in the previous 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. Research analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be paid 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 2.3%. Dollar General's payout ratio is presently 43.70%.

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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