Hudson Edge Investment Partners Inc. Sells 16,064 Shares of Dollar General Corporation $DG

Key Points

• Hudson Edge Investment Partners Inc. reduced its stake in Dollar General by 23.6%, selling 16,064 shares, and now holds 51,997 shares valued at approximately $5.95 million.
• Dollar General reported a net revenue of $10.73 billion in its last quarterly earnings, exceeding analysts' expectations, and its EPS was $1.86, which was better than the expected $1.56.
• The company declared a quarterly dividend of $0.59 per share, representing an annual yield of 2.3%, with the payment scheduled for October 21st.

Hudson Edge Investment Partners Inc. cut its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 23.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,997 shares of the company's stock after selling 16,064 shares during the period. Hudson Edge Investment Partners Inc.'s holdings in Dollar General were worth $5,947,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mattern Capital Management LLC increased its holdings in Dollar General by 8.5% in the 2nd quarter. Mattern Capital Management LLC now owns 10,871 shares of the company's stock worth $1,243,000 after purchasing an additional 849 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Dollar General by 6.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,329 shares of the company's stock worth $3,469,000 after purchasing an additional 1,721 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of Dollar General in the second quarter valued at approximately $1,273,000. ASR Vermogensbeheer N.V. increased its stake in shares of Dollar General by 7.3% in the second quarter. ASR Vermogensbeheer N.V. now owns 38,298 shares of the company's stock valued at $4,380,000 after buying an additional 2,605 shares during the period. Finally, CHURCHILL MANAGEMENT Corp raised its holdings in Dollar General by 2.9% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 81,262 shares of the company's stock valued at $9,295,000 after buying an additional 2,307 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Stock Up 1.8%

Dollar General stock opened at $101.51 on Friday. The company has a market capitalization of $22.34 billion, a PE ratio of 18.80, a PEG ratio of 2.10 and a beta of 0.30. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95. The firm's fifty day moving average is $108.41 and its 200 day moving average is $102.89. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly 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. 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 period last year, the company posted $1.70 earnings per share. The business's quarterly revenue was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, sell-side 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. Investors of record on Tuesday, October 7th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General's dividend payout ratio is 43.70%.

Analyst Upgrades and Downgrades

DG has been the topic of a number of research reports. Raymond James Financial boosted their target price on shares of Dollar General from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. UBS Group boosted 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. Truist Financial increased their price objective on Dollar General from $119.00 to $120.00 and gave the company a "hold" rating in a report on Friday, August 29th. Morgan Stanley lifted their target price on Dollar General from $115.00 to $125.00 and gave the stock an "equal weight" rating in a report on Friday, August 29th. Finally, Gordon Haskett decreased their price target on Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $115.48.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.