TrueMark Investments LLC Sells 56,600 Shares of Dollar General Corporation $DG

Key Points

• TrueMark Investments LLC reduced its holdings in Dollar General by 92.4%, selling 56,600 shares during the second quarter, now holding just 4,676 shares valued at $535,000.
• Dollar General recently reported quarterly earnings with an EPS of $1.86, exceeding estimates and marking a 5.1% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.59, with an annualized yield of 2.2%, to be paid on October 21st to shareholders recorded by October 7th.

TrueMark Investments LLC reduced its position in Dollar General Corporation (NYSE:DG - Free Report) by 92.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,676 shares of the company's stock after selling 56,600 shares during the period. TrueMark Investments LLC's holdings in Dollar General were worth $535,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DG. Sowell Financial Services LLC purchased a new position in Dollar General during the 1st quarter worth $280,000. Robeco Institutional Asset Management B.V. boosted its holdings in Dollar General by 4.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company's stock worth $2,424,000 after acquiring an additional 1,102 shares in the last quarter. Ballentine Partners LLC acquired a new stake in Dollar General in the first quarter worth about $411,000. Golden State Wealth Management LLC grew its stake in shares of Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after acquiring an additional 342 shares during the last quarter. Finally, Global Assets Advisory LLC increased its holdings in shares of Dollar General by 154.4% during the first quarter. Global Assets Advisory LLC now owns 10,349 shares of the company's stock valued at $901,000 after acquiring an additional 6,281 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Trading Up 1.8%

NYSE DG opened at $105.79 on Monday. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. 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 company has a market capitalization of $23.29 billion, a PE ratio of 19.59, a P/E/G ratio of 2.23 and a beta of 0.30. The company has a fifty day moving average of $106.54 and a 200 day moving average of $104.32.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.30. The company had revenue of $10.73 billion for 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 firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Research analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a yield of 2.2%. Dollar General's payout ratio is presently 43.70%.

Analyst Upgrades and Downgrades

DG has been the subject of a number of recent analyst reports. Piper Sandler lifted their target price on shares of Dollar General from $115.00 to $117.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Guggenheim reiterated a "buy" rating and set a $125.00 price objective on shares of Dollar General in a research note on Friday, August 29th. Telsey Advisory Group set a $123.00 price objective on shares of Dollar General in a report on Friday, August 29th. The Goldman Sachs Group lowered Dollar General from a "buy" rating to a "neutral" rating and raised their target price for the stock from $115.00 to $116.00 in a research note on Tuesday, June 24th. Finally, Loop Capital lifted their price target on Dollar General from $110.00 to $120.00 and gave the stock a "hold" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $115.40.

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.

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