Dollar General Corporation $DG Shares Sold by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC lowered its stake in Dollar General Corporation (NYSE:DG) by 35.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,817 shares of the company’s stock after selling 995 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Dollar General were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Cetera Investment Advisers boosted its position in shares of Dollar General by 3.2% during the 2nd quarter. Cetera Investment Advisers now owns 128,210 shares of the company’s stock worth $14,665,000 after purchasing an additional 3,968 shares during the period. Creative Planning lifted its stake in Dollar General by 36.5% during the second quarter. Creative Planning now owns 72,913 shares of the company’s stock worth $8,340,000 after purchasing an additional 19,488 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in Dollar General during the second quarter worth $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Dollar General by 7.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,943 shares of the company’s stock worth $6,170,000 after buying an additional 3,649 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Dollar General by 15,369.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,219,179 shares of the company’s stock valued at $139,450,000 after buying an additional 1,211,298 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Up 0.4%

Shares of Dollar General stock opened at $103.55 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $117.95. The company has a market capitalization of $22.79 billion, a P/E ratio of 19.18, a P/E/G ratio of 2.10 and a beta of 0.30. The company has a 50 day moving average of $102.34 and a 200 day moving average of $106.05.

Dollar General (NYSE:DG) last announced its quarterly earnings data 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. 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 revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DG shares. Morgan Stanley raised their target price on Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. JPMorgan Chase & Co. raised their price objective on shares of Dollar General from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Piper Sandler lifted their price objective on shares of Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Evercore ISI reduced their target price on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a report on Tuesday, October 7th. Finally, UBS Group boosted their price target on shares of Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dollar General has an average rating of “Hold” and a consensus price target of $118.14.

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.