FORA Capital LLC Sells 90,275 Shares of Dollar General Corporation $DG

Key Points

• FORA Capital LLC significantly reduced its holdings in Dollar General Corporation by 97.0% during the 1st quarter, selling 90,275 shares and retaining only 2,805 shares worth $247,000.
• Dollar General reported earnings of $1.86 per share, surpassing analyst expectations, and had revenue of $10.73 billion for the last quarter, reflecting a year-over-year increase of 5.1%.
• The company announced a quarterly dividend of $0.59 per share to be paid on October 21st, resulting in an annualized yield of 2.2%.

FORA Capital LLC trimmed its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 97.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,805 shares of the company's stock after selling 90,275 shares during the period. FORA Capital LLC's holdings in Dollar General were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DG. Studio Investment Management LLC boosted its holdings in shares of Dollar General by 16.4% in the fourth quarter. Studio Investment Management LLC now owns 989 shares of the company's stock worth $75,000 after acquiring an additional 139 shares during the period. Eagle Rock Investment Company LLC boosted its holdings in shares of Dollar General by 0.5% in the first quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock worth $2,548,000 after acquiring an additional 156 shares during the period. CVA Family Office LLC boosted its holdings in shares of Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after acquiring an additional 161 shares during the period. Allworth Financial LP boosted its holdings in shares of Dollar General by 12.1% in the first quarter. Allworth Financial LP now owns 1,519 shares of the company's stock worth $142,000 after acquiring an additional 164 shares during the period. Finally, Bogart Wealth LLC boosted its holdings in shares of Dollar General by 37.6% in the first quarter. Bogart Wealth LLC now owns 674 shares of the company's stock worth $59,000 after acquiring an additional 184 shares during the period. 91.77% of the stock is owned by institutional investors.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 1,969 shares of Dollar General stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the transaction, the executive vice president owned 46,563 shares in the company, valued at approximately $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the business'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 completion of the sale, the executive vice president directly owned 41,646 shares of the company's stock, valued at approximately $4,646,027.76. This trade 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 Price Performance

NYSE DG traded down $1.21 during trading hours on Thursday, reaching $108.48. 2,764,717 shares of the stock traded hands, compared to its average volume of 2,912,918. The stock has a 50 day simple moving average of $111.69 and a two-hundred day simple moving average of $99.10. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The company has a market cap of $23.88 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 2.32 and a beta of 0.29.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter last year, the business posted $1.70 earnings per share. The company's revenue for the quarter was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Guggenheim reaffirmed a "buy" rating and issued a $125.00 price target on shares of Dollar General in a report on Friday, August 29th. KeyCorp reaffirmed a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Sanford C. Bernstein lifted their price objective on Dollar General from $122.00 to $134.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Jefferies Financial Group reissued a "buy" rating on shares of Dollar General in a research note on Tuesday, June 3rd. Finally, The Goldman Sachs Group lowered Dollar General from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $115.00 to $116.00 in a research note on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $112.92.

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.