Global Assets Advisory LLC Lowers Stock Position in Dollar General Corporation $DG

Key Points

• Global Assets Advisory LLC reduced its position in Dollar General Corporation by 66.7% during the second quarter, now holding 3,450 shares valued at approximately $398,000.
• Dollar General reported $1.86 EPS for the last quarter, exceeding analyst expectations by $0.30, with 5.1% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.59 per share, with a yield of 2.4%, to be paid on October 21st.

Global Assets Advisory LLC trimmed its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 66.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,450 shares of the company's stock after selling 6,899 shares during the quarter. Global Assets Advisory LLC's holdings in Dollar General were worth $398,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Dollar General by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock valued at $2,324,271,000 after buying an additional 1,201,917 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Dollar General by 8.5% during the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock worth $1,122,914,000 after buying an additional 1,003,206 shares during the last quarter. ACR Alpine Capital Research LLC grew its holdings in Dollar General by 3.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company's stock valued at $369,081,000 after buying an additional 155,966 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Dollar General by 2.6% during the 1st quarter. Invesco Ltd. now owns 3,469,568 shares of the company's stock worth $305,079,000 after acquiring an additional 89,067 shares during the period. Finally, Baupost Group LLC MA boosted its position in shares of Dollar General by 2.1% during the 1st quarter. Baupost Group LLC MA now owns 2,104,876 shares of the company's stock valued at $185,082,000 after acquiring an additional 44,076 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Performance

Shares of DG stock opened at $98.17 on Tuesday. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The company has a market cap of $21.61 billion, a P/E ratio of 18.18, a PEG ratio of 2.11 and a beta of 0.30. The firm has a fifty day moving average price of $108.10 and a 200 day moving average price of $103.41.

Dollar General (NYSE:DG - Get Free Report) last issued its 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 net margin of 2.86% and a return on equity of 17.97%. The business had revenue of $10.73 billion during the quarter, compared to analysts' expectations of $10.68 billion. During the same quarter in the prior year, the business posted $1.70 EPS. 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. Sell-side analysts predict that Dollar General Corporation will post 5.75 earnings per share 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 of this dividend is Tuesday, October 7th. This represents a $2.36 annualized dividend and a yield of 2.4%. Dollar General's payout ratio is 43.70%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein raised their price target on shares of Dollar General from $122.00 to $134.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Wells Fargo & Company upped their price target on Dollar General from $105.00 to $115.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Wolfe Research assumed coverage on Dollar General in a research report on Thursday, September 18th. They set an "outperform" rating and a $139.00 price objective for the company. Guggenheim reissued a "buy" rating and issued a $125.00 price target on shares of Dollar General in a research note on Friday, August 29th. Finally, UBS Group boosted their target price on Dollar General from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $115.48.

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.

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