Dollar General Corporation $DG Stake Lowered by Greenleaf Trust

Key Points

• Greenleaf Trust reduced its stake in Dollar General Corporation by 8.3% during the second quarter, owning 100,930 shares worth approximately $11.54 million after selling 9,170 shares.
• Several institutional investors, including Mountain Hill Investment Partners and Golden State Wealth Management, have increased their stakes by significant percentages in the first quarter, indicating growing interest in the company.
• Dollar General reported $1.86 earnings per share (EPS) for the latest quarter, surpassing estimates and reflecting a year-over-year revenue increase of 5.1% with future EPS guidance set between 5.800-6.300 for FY 2025.

Greenleaf Trust cut its stake in Dollar General Corporation (NYSE:DG - Free Report) by 8.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,930 shares of the company's stock after selling 9,170 shares during the quarter. Greenleaf Trust's holdings in Dollar General were worth $11,544,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DG. Mountain Hill Investment Partners Corp. grew its stake in Dollar General by 66.7% in the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after purchasing 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 last quarter. CVA Family Office LLC grew its stake in shares of Dollar General by 39.4% in 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 in the last quarter. Larson Financial Group LLC increased its holdings in Dollar General by 384.3% in the first quarter. Larson Financial Group LLC now owns 615 shares of the company's stock worth $54,000 after buying an additional 488 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its position in Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company's stock valued at $56,000 after acquiring an additional 128 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on DG. Cfra Research raised shares of Dollar General to a "hold" rating in a research report on Tuesday, June 3rd. Truist Financial upped their price objective on shares of Dollar General from $119.00 to $120.00 and gave the stock a "hold" rating in a report on Friday, August 29th. Telsey Advisory Group set a $123.00 target price on shares of Dollar General in a research report on Friday, August 29th. Evercore ISI reduced their price target on Dollar General from $118.00 to $114.00 and set an "in-line" rating for the company in a research report on Tuesday, September 23rd. Finally, KeyCorp reiterated a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $115.48.

Dollar General Stock Up 0.7%

NYSE DG opened at $102.83 on Tuesday. The firm has a 50-day simple moving average of $108.86 and a 200 day simple moving average of $102.76. 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 Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The stock has a market cap of $22.63 billion, a PE ratio of 19.04, a PEG ratio of 2.15 and a beta of 0.29.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.56 by $0.30. The business had revenue of $10.73 billion for the quarter, compared to analysts' expectations of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.Dollar General's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.3%. Dollar General's payout ratio is presently 43.70%.

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.

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