Waycross Partners LLC Decreases Stake in Dollar General Corporation $DG

Key Points

• Waycross Partners LLC significantly decreased its stake in Dollar General Corporation by 85.2%, resulting in ownership of 30,000 shares valued at approximately $3.43 million.
• Institutional investors collectively hold 91.77% of Dollar General's stock, with Pacer Advisors Inc. and Royal Bank of Canada notably increasing their holdings by over 5,440% and 251% respectively in the recent quarter.
• Dollar General announced a quarterly dividend of $0.59 per share, with a dividend yield of 2.3%, set to be paid on October 21st to investors of record as of October 7th.

Waycross Partners LLC lowered its position in Dollar General Corporation (NYSE:DG - Free Report) by 85.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 30,000 shares of the company's stock after selling 172,895 shares during the period. Waycross Partners LLC's holdings in Dollar General were worth $3,431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. Pacer Advisors Inc. lifted its holdings in Dollar General by 5,440.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company's stock valued at $139,155,000 after purchasing an additional 1,554,004 shares in the last quarter. Royal Bank of Canada lifted its holdings in Dollar General by 251.6% in the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company's stock valued at $178,983,000 after purchasing an additional 1,456,549 shares in the last quarter. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 1,201,917 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in Dollar General by 8.5% in the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock valued at $1,122,914,000 after purchasing an additional 1,003,206 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Dollar General by 10,718.3% in the 1st quarter. GAMMA Investing LLC now owns 533,559 shares of the company's stock valued at $46,916,000 after purchasing an additional 528,627 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DG. Telsey Advisory Group set a $123.00 price objective on Dollar General in a report on Friday, August 29th. Sanford C. Bernstein raised their target price on Dollar General from $122.00 to $134.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. UBS Group raised their target price on Dollar General from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Wolfe Research initiated coverage on Dollar General in a research note on Thursday, September 18th. They issued an "outperform" rating and a $139.00 target price for the company. Finally, Oppenheimer raised 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. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $115.50.

Dollar General Stock Up 1.8%

Shares of NYSE:DG opened at $103.68 on Wednesday. The business has a 50-day moving average price of $109.40 and a 200 day moving average price of $101.93. 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 capitalization of $22.82 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.14 and a beta of 0.29. Dollar General Corporation has a 12-month low of $66.43 and a 12-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 analysts' consensus estimates of $1.56 by $0.30. The firm 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 company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Sell-side analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General's dividend payout ratio (DPR) 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.

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