Dollar General Corporation $DG Shares Sold by Avantra Family Wealth Inc.

Avantra Family Wealth Inc. lowered its position in shares of Dollar General Corporation (NYSE:DG) by 9.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Investment Advisory LLC grew its stake in shares of Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after purchasing an additional 128 shares in the last quarter. Mountain Hill Investment Partners Corp. grew its stake in shares of Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock worth $44,000 after purchasing an additional 200 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock worth $48,000 after purchasing an additional 342 shares in the last quarter. CVA Family Office LLC grew its stake in shares of Dollar General by 39.4% during the first 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. Finally, Larson Financial Group LLC grew its stake in shares of Dollar General by 384.3% during the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock worth $54,000 after purchasing an additional 488 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of NYSE:DG opened at $98.17 on Tuesday. The company has a 50-day simple moving average of $108.10 and a 200-day simple moving average of $103.41. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. The stock has a market capitalization of $21.61 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.11 and a beta of 0.30.

Dollar General (NYSE:DG) last announced its 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 during the quarter, compared to analysts’ expectations of $10.68 billion. During the same period in the prior year, the company earned $1.70 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders 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 dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General’s dividend payout ratio is presently 43.70%.

Analyst Ratings Changes

A number of equities analysts recently commented on DG shares. Wolfe Research started coverage on shares of Dollar General in a research note on Thursday, September 18th. They set an “outperform” rating and a $139.00 target price for the company. Raymond James Financial boosted their price target on shares of Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Gordon Haskett decreased their price objective on shares of Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. JPMorgan Chase & Co. upped their price objective on shares of Dollar General from $95.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Finally, Piper Sandler upped their price objective on shares of Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus target price of $115.48.

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.