Camelot Portfolios LLC Reduces Holdings in Dollar General Corporation $DG

Camelot Portfolios LLC reduced its stake in shares of Dollar General Corporation (NYSE:DG) by 3.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,658 shares of the company’s stock after selling 572 shares during the quarter. Dollar General makes up approximately 1.0% of Camelot Portfolios LLC’s investment portfolio, making the stock its 25th largest position. Camelot Portfolios LLC’s holdings in Dollar General were worth $1,677,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Dollar General by 4.8% in the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock valued at $2,324,271,000 after acquiring an additional 1,201,917 shares in the last quarter. Pzena Investment Management LLC raised its holdings in shares of Dollar General by 8.5% in the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company’s stock valued at $1,122,914,000 after acquiring an additional 1,003,206 shares in the last quarter. ACR Alpine Capital Research LLC raised its holdings in shares of Dollar General by 3.9% in the first quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company’s stock valued at $369,081,000 after acquiring an additional 155,966 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Dollar General by 2.6% in the first quarter. Invesco Ltd. now owns 3,469,568 shares of the company’s stock valued at $305,079,000 after acquiring an additional 89,067 shares in the last quarter. Finally, Baupost Group LLC MA raised its holdings in shares of Dollar General by 2.1% in the first 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 in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Trading Down 0.8%

Dollar General stock opened at $102.06 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The stock’s 50 day simple moving average is $108.95 and its two-hundred day simple moving average is $102.43. The firm has a market cap of $22.46 billion, a PE ratio of 18.90, a P/E/G ratio of 2.15 and a beta of 0.29.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The firm had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter last year, the firm posted $1.70 EPS. The business’s 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. Analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be paid 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 dividend yield of 2.3%. Dollar General’s dividend payout ratio (DPR) is 43.70%.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of recent research reports. Gordon Haskett reduced their target price on shares of Dollar General from $130.00 to $115.00 in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Dollar General from $95.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Loop Capital upped their price objective on shares of Dollar General from $110.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, July 10th. Wells Fargo & Company upped their target price on Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Finally, Guggenheim reiterated a “buy” rating and issued a $125.00 target price on shares of Dollar General in a research report on Friday, August 29th. One investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.