Capital Investment Counsel Inc Sells 2,695 Shares of Dollar General Corporation $DG

Capital Investment Counsel Inc decreased its stake in shares of Dollar General Corporation (NYSE:DG) by 6.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,145 shares of the company’s stock after selling 2,695 shares during the quarter. Capital Investment Counsel Inc’s holdings in Dollar General were worth $4,249,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in Dollar General by 5.8% in the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock worth $229,000 after purchasing an additional 110 shares in the last quarter. Tectonic Advisors LLC increased its stake in Dollar General by 1.9% during the 2nd quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock valued at $691,000 after purchasing an additional 113 shares in the last quarter. Ancora Advisors LLC raised its holdings in Dollar General by 1.7% in the first quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock worth $638,000 after buying an additional 122 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of Dollar General by 35.2% in the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after buying an additional 128 shares in the last quarter. Finally, Achmea Investment Management B.V. lifted its stake in shares of Dollar General by 0.7% in the second quarter. Achmea Investment Management B.V. now owns 19,134 shares of the company’s stock worth $2,188,000 after buying an additional 138 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Performance

DG opened at $104.27 on Thursday. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95. The company has a market cap of $22.95 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 2.10 and a beta of 0.30. 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’s 50 day moving average is $102.66 and its 200 day moving average is $105.63.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $10.68 billion. During the same period last year, the firm earned $1.70 earnings per share. The company’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. On average, equities research analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, October 7th. Dollar General’s payout ratio is currently 43.70%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DG. Truist Financial raised their price target on shares of Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, August 29th. Raymond James Financial lifted their target price on Dollar General from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Guggenheim restated a “buy” rating and issued a $125.00 price target on shares of Dollar General in a research note on Friday, August 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dollar General in a research report on Tuesday. Finally, Morgan Stanley lifted their price objective on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” 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 issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $115.64.

Dollar General Company 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.