LRI Investments LLC Reduces Stock Position in Dollar General Corporation $DG

LRI Investments LLC lowered its stake in Dollar General Corporation (NYSE:DG) by 24.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 377 shares of the company’s stock after selling 124 shares during the quarter. LRI Investments LLC’s holdings in Dollar General were worth $43,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sowell Financial Services LLC purchased a new stake in Dollar General in the first quarter worth approximately $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 purchasing an additional 1,102 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Dollar General by 48.9% in 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 last quarter. Dynamic Advisor Solutions LLC purchased a new stake in Dollar General in the first quarter worth approximately $879,000. Finally, Ballentine Partners LLC purchased a new stake in Dollar General in the first quarter worth approximately $411,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 2.6%

DG opened at $101.84 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95. The firm’s fifty day moving average is $107.26 and its 200 day moving average is $103.90. The stock has a market cap of $22.42 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 2.09 and a beta of 0.30.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share 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 company had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the previous year, the company earned $1.70 EPS. Dollar General’s revenue for the quarter was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, sell-side analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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. This represents a $2.36 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, October 7th. Dollar General’s payout ratio is currently 43.70%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DG. The Goldman Sachs Group cut shares of Dollar General from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $115.00 to $116.00 in a research note on Tuesday, June 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dollar General in a research note on Saturday, September 27th. Wells Fargo & Company lifted their price target on shares of Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Loop Capital lifted their price target on shares of Dollar General from $110.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, July 10th. Finally, Evercore ISI dropped their price target on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the stock. According to data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average 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.