Dollar General Corporation $DG Position Reduced by Reinhart Partners LLC.

Key Points

• Reinhart Partners LLC reduced its stake in Dollar General by 4.9%, now holding 64,660 shares valued at approximately $7.4 million.
• Dollar General reported an earnings per share (EPS) of $1.86 for the most recent quarter, exceeding analyst expectations and demonstrating a 5.1% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.59 per share, with a dividend yield of 2.3%, to be paid on October 21st.

Reinhart Partners LLC. lowered its position in Dollar General Corporation (NYSE:DG - Free Report) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,660 shares of the company's stock after selling 3,331 shares during the quarter. Reinhart Partners LLC.'s holdings in Dollar General were worth $7,396,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new position in Dollar General in the fourth quarter valued at $31,000. Mountain Hill Investment Partners Corp. raised its position 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 during the period. Golden State Wealth Management LLC raised its position in Dollar General by 170.1% in the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after purchasing an additional 342 shares during the period. CVA Family Office LLC raised its position in Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after purchasing an additional 161 shares during the period. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Dollar General during the fourth quarter worth about $52,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Analysts Set New Price Targets

DG has been the topic of a number of analyst reports. Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday, June 3rd. UBS Group lifted their target price on Dollar General from $128.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Raymond James Financial lifted their target price on Dollar General from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Oppenheimer upgraded Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 target price for the company in a research note on Wednesday, June 4th. Finally, Sanford C. Bernstein lifted their target price on Dollar General from $122.00 to $134.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. One 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $114.52.

Dollar General Stock Performance

Shares of NYSE DG traded up $0.74 during midday trading on Thursday, hitting $106.88. 3,963,535 shares of the company's stock were exchanged, compared to its average volume of 3,043,722. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The stock's 50 day moving average price is $110.06 and its 200-day moving average price is $101.20. The firm has a market cap of $23.53 billion, a P/E ratio of 19.79, a PEG ratio of 2.24 and a beta of 0.29. 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 issued its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.30. The business had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The business's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be issued 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 2.2%. Dollar General's payout ratio is presently 43.70%.

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.