Dollar General Corporation $DG Shares Sold by Clarkston Capital Partners LLC

Key Points

• Clarkston Capital Partners LLC reduced its stake in Dollar General by 2.6%, now holding approximately 586,431 shares, which is about 1.0% of their investment portfolio.
• Dollar General reported earnings per share (EPS) of $1.78 for the last quarter, exceeding estimates and showing a year-over-year revenue increase of 5.3% to $10.44 billion.
• The company recently announced a quarterly dividend of $0.59 per share, amounting to a 2.1% annual yield, with a payout ratio of 45.04%.

Clarkston Capital Partners LLC lowered its position in Dollar General Corporation (NYSE:DG - Free Report) by 2.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 586,431 shares of the company's stock after selling 15,630 shares during the period. Dollar General comprises approximately 1.0% of Clarkston Capital Partners LLC's investment portfolio, making the stock its 26th biggest position. Clarkston Capital Partners LLC owned approximately 0.27% of Dollar General worth $51,565,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sowell Financial Services LLC acquired a new position in shares of Dollar General in the first quarter worth about $280,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Dollar General by 4.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company's stock worth $2,424,000 after purchasing an additional 1,102 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Dollar General by 74.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company's stock worth $921,000 after purchasing an additional 5,171 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Dollar General by 18.1% during the fourth quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company's stock worth $8,137,000 after purchasing an additional 16,453 shares in the last quarter. Finally, Farther Finance Advisors LLC increased 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 worth $288,000 after purchasing an additional 1,081 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Trading Up 1.8%

Shares of Dollar General stock opened at $114.86 on Thursday. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $126.98. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. The company has a market capitalization of $25.28 billion, a P/E ratio of 21.92, a PEG ratio of 2.76 and a beta of 0.31. The company's fifty day moving average is $112.15 and its two-hundred day moving average is $96.23.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The company had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. During the same period last year, the firm posted $1.65 EPS. Dollar General's revenue for the quarter was up 5.3% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.200-5.800 EPS. Analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is 45.04%.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 1,969 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were 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 in the company, valued at approximately $5,261,619. This trade represents a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction of $718,223.28. Following the completion of the sale, the executive vice president owned 41,646 shares of the company's stock, valued at $4,646,027.76. This trade represents a 13.39% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DG. The Goldman Sachs Group cut shares of Dollar General from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $115.00 to $116.00 in a research note on Tuesday, June 24th. Truist Financial boosted their target price on shares of Dollar General from $112.00 to $119.00 and gave the stock a "hold" rating in a research note on Wednesday, August 13th. Sanford C. Bernstein set a $120.00 target price on shares of Dollar General in a research note on Friday, May 23rd. Cfra Research raised shares of Dollar General to a "hold" rating in a research note on Tuesday, June 3rd. Finally, Oppenheimer raised shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 target price for the company in a research note on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and sixteen have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $108.80.

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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