DoubleLine ETF Adviser LP Cuts Stock Holdings in Dollar General Corporation $DG

Key Points

• DoubleLine ETF Adviser LP reduced its stake in Dollar General Corporation by 18.3%, selling 2,311 shares and now owning 10,316 shares valued at $907,000.
• Dollar General recently reported a quarterly EPS of $1.86, surpassing analysts' estimates of $1.56, with a revenue increase of 5.1% year-over-year.
• The company announced a quarterly dividend of $0.59 per share, with a dividend yield of 2.2% and a payout ratio of 43.70%.

DoubleLine ETF Adviser LP lessened its position in Dollar General Corporation (NYSE:DG - Free Report) by 18.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,316 shares of the company's stock after selling 2,311 shares during the quarter. DoubleLine ETF Adviser LP's holdings in Dollar General were worth $907,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new position in Dollar General in the 4th quarter worth about $31,000. Mountain Hill Investment Partners Corp. increased its stake in Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after buying an additional 200 shares during the period. Golden State Wealth Management LLC increased its stake in Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after buying an additional 342 shares during the period. CVA Family Office LLC increased its stake in Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after buying an additional 161 shares during the period. Finally, Larson Financial Group LLC increased its stake in Dollar General by 384.3% in the 1st 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 period. Institutional investors own 91.77% of the company's stock.

Dollar General Stock Performance

DG stock traded down $0.62 during trading on Monday, reaching $108.67. The company had a trading volume of 3,467,132 shares, compared to its average volume of 3,726,102. The firm has a 50-day simple moving average of $111.58 and a 200-day simple moving average of $99.67. The company has a market cap of $23.92 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 2.31 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 Corporation has a twelve month low of $66.43 and a twelve month high of $117.95.

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

Dollar General Dividend Announcement

The business 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 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 43.70%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Raymond James Financial raised their price target on shares of Dollar General from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Citigroup raised their price target on shares of Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Morgan Stanley raised their price target on shares of Dollar General from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. KeyCorp reissued a "sector weight" rating on shares of Dollar General in a research report on Wednesday, June 4th. Finally, Oppenheimer raised shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 target price on the stock in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $112.92.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of Dollar General stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the sale, the executive vice president directly owned 46,563 shares in the company, valued at approximately $5,261,619. The trade was a 4.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total transaction of $718,223.28. Following the sale, the executive vice president owned 41,646 shares of the company's stock, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Dollar General 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.