Equitable Trust Co. Has $24.96 Million Stock Holdings in Dollar General Corporation $DG

Equitable Trust Co. trimmed its position in Dollar General Corporation (NYSE:DG) by 7.8% during the second quarter, HoldingsChannel.com reports. The fund owned 218,204 shares of the company’s stock after selling 18,389 shares during the period. Dollar General makes up approximately 1.2% of Equitable Trust Co.’s investment portfolio, making the stock its 16th biggest holding. Equitable Trust Co.’s holdings in Dollar General were worth $24,958,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Park Avenue Securities LLC acquired a new position in shares of Dollar General in the 1st quarter valued at $378,000. Farther Finance Advisors LLC raised its position in shares of Dollar General by 48.9% during the first quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company’s stock worth $288,000 after purchasing an additional 1,081 shares during the period. GAMMA Investing LLC raised its position in shares of Dollar General by 23.0% during the first quarter. GAMMA Investing LLC now owns 6,068 shares of the company’s stock worth $534,000 after purchasing an additional 1,136 shares during the period. Fifth Third Bancorp raised its position in shares of Dollar General by 66.7% during the first quarter. Fifth Third Bancorp now owns 9,035 shares of the company’s stock worth $794,000 after purchasing an additional 3,614 shares during the period. Finally, CVA Family Office LLC increased its stake in Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company’s stock worth $50,000 after purchasing an additional 161 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of DG opened at $101.84 on Tuesday. The firm has a market capitalization of $22.42 billion, a PE ratio of 18.86, a PEG ratio of 2.09 and a beta of 0.30. The company’s 50-day moving average is $107.26 and its 200-day moving average is $103.90. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week 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.

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

Dollar General Announces Dividend

The firm also recently disclosed 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 is Tuesday, October 7th. This represents a $2.36 annualized dividend and a yield of 2.3%. Dollar General’s payout ratio is 43.70%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group increased 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. Piper Sandler lifted their price target on Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Dollar General in a research note on Saturday, September 27th. Morgan Stanley lifted their price objective on shares of Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Finally, Barclays lifted their price objective on shares of Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a report on Friday, August 29th. One investment 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $115.40.

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.