Equitable Trust Co. Has $24.96 Million Stock Position in Dollar General Corporation $DG

Key Points

• Equitable Trust Co. reduced its stake in Dollar General Corporation by 7.8%, currently holding about $24.96 million worth of shares.
• Dollar General reported strong quarterly earnings, with an EPS of $1.86, surpassing estimates and showing a 5.1% revenue increase year-over-year.
• Analysts have varied ratings on Dollar General, with one expressing a Strong Buy rating and others adjusting target prices, reflecting a mixed outlook on the stock.

Equitable Trust Co. lessened its stake in Dollar General Corporation (NYSE:DG - Free Report) by 7.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 218,204 shares of the company's stock after selling 18,389 shares during the period. Dollar General comprises 1.2% of Equitable Trust Co.'s portfolio, making the stock its 16th biggest holding. Equitable Trust Co. owned approximately 0.10% of Dollar General worth $24,958,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Blue Trust Inc. increased its position in shares of Dollar General by 5.8% during the second quarter. Blue Trust Inc. now owns 2,005 shares of the company's stock valued at $229,000 after purchasing an additional 110 shares during the period. Tectonic Advisors LLC boosted its stake in Dollar General by 1.9% during the second quarter. Tectonic Advisors LLC now owns 6,037 shares of the company's stock worth $691,000 after buying an additional 113 shares in the last quarter. Ancora Advisors LLC lifted its holdings in shares of Dollar General by 1.7% during the 1st quarter. Ancora Advisors LLC now owns 7,258 shares of the company's stock worth $638,000 after acquiring an additional 122 shares during the period. Harbor Investment Advisory LLC lifted its holdings in shares of Dollar General by 35.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company's stock worth $56,000 after acquiring an additional 128 shares during the period. Finally, CVA Family Office LLC lifted its holdings in shares of Dollar General by 39.4% during the 1st 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. Institutional investors own 91.77% of the company's stock.

Dollar General Stock Up 2.6%

NYSE DG opened at $101.84 on Tuesday. The stock has a fifty day moving average of $107.26 and a 200-day moving average of $103.90. The stock has a market capitalization of $22.42 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 2.09 and a beta of 0.30. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95. 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 posted its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $10.68 billion. During the same quarter last year, the business earned $1.70 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, equities 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. 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 annualized dividend and a dividend yield of 2.3%. Dollar General's payout ratio is presently 43.70%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DG shares. Barclays upped their price objective on Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. The Goldman Sachs Group cut shares of Dollar General from a "buy" rating to a "neutral" rating and increased their target price for the stock from $115.00 to $116.00 in a research report on Tuesday, June 24th. Loop Capital increased their target price on shares of Dollar General from $110.00 to $120.00 and gave the stock a "hold" rating in a research report on Thursday, July 10th. Wolfe Research started coverage on shares of Dollar General in a research note on Thursday, September 18th. They set an "outperform" rating and a $139.00 price objective on the stock. Finally, UBS Group upped their price objective on shares of Dollar General from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat, Dollar General currently has a consensus rating of "Hold" and a consensus target price of $115.40.

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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