Avantra Family Wealth Inc. Trims Position in Dollar General Corporation $DG

Avantra Family Wealth Inc. reduced its position in shares of Dollar General Corporation (NYSE:DG) by 9.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,547 shares of the company’s stock after selling 546 shares during the period. Avantra Family Wealth Inc.’s holdings in Dollar General were worth $634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Dollar General by 4.8% during the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock worth $2,324,271,000 after purchasing an additional 1,201,917 shares in the last quarter. Pzena Investment Management LLC raised its holdings in Dollar General by 8.5% during the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company’s stock worth $1,122,914,000 after purchasing an additional 1,003,206 shares in the last quarter. ACR Alpine Capital Research LLC raised its holdings in Dollar General by 3.9% during the first quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company’s stock worth $369,081,000 after purchasing an additional 155,966 shares in the last quarter. Invesco Ltd. raised its holdings in Dollar General by 2.6% during the first quarter. Invesco Ltd. now owns 3,469,568 shares of the company’s stock worth $305,079,000 after purchasing an additional 89,067 shares in the last quarter. Finally, Baupost Group LLC MA raised its holdings in Dollar General by 2.1% during the first quarter. Baupost Group LLC MA now owns 2,104,876 shares of the company’s stock worth $185,082,000 after purchasing an additional 44,076 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DG shares. Gordon Haskett cut their price target on shares of Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. UBS Group increased their price target on shares of Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 29th. JPMorgan Chase & Co. increased their target price on shares of Dollar General from $95.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, September 16th. Truist Financial increased their target price on shares of Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a report on Friday, August 29th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $125.00 target price on shares of Dollar General in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $115.48.

Dollar General Trading Down 2.0%

Shares of Dollar General stock opened at $98.17 on Tuesday. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95. 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 stock has a market cap of $21.61 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 2.11 and a beta of 0.30. The company has a 50-day moving average of $108.10 and a two-hundred day moving average of $103.41.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.56 by $0.30. The business had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, research analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be given a $0.59 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.4%. Dollar General’s dividend payout ratio is currently 43.70%.

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.