Dollar General Corporation $DG Shares Sold by Naples Global Advisors LLC

Naples Global Advisors LLC cut its holdings in Dollar General Corporation (NYSE:DG) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,948 shares of the company’s stock after selling 130 shares during the period. Naples Global Advisors LLC’s holdings in Dollar General were worth $452,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Harbor Investment Advisory LLC boosted its holdings in Dollar General by 35.2% in the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after purchasing an additional 128 shares in the last quarter. Mountain Hill Investment Partners Corp. lifted its position in shares of Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock worth $44,000 after buying an additional 200 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock valued at $48,000 after buying an additional 342 shares in the last quarter. CVA Family Office LLC grew its position in shares of Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company’s stock valued at $50,000 after buying an additional 161 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in Dollar General by 384.3% during the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock worth $54,000 after acquiring an additional 488 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Price Performance

Dollar General stock opened at $100.07 on Friday. The business has a 50 day simple moving average of $108.26 and a 200-day simple moving average of $103.01. Dollar General Corporation has a 12 month low of $66.43 and a 12 month 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. The stock has a market capitalization of $22.03 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 2.13 and a beta of 0.30.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.30. The company had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. Dollar General’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 7th. This represents a $2.36 annualized dividend and a yield of 2.4%. Dollar General’s payout ratio is presently 43.70%.

Wall Street Analyst Weigh In

DG has been the subject of several research analyst reports. Loop Capital upped their price objective on shares of Dollar General from $110.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, July 10th. Piper Sandler upped their target price on Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. lifted their price target on Dollar General from $95.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 16th. Wolfe Research started coverage on Dollar General in a research note on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price objective for the company. Finally, Telsey Advisory Group set a $123.00 target price on shares of Dollar General in a research report on Friday, August 29th. One equities research 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’s stock. According to MarketBeat, Dollar General currently has an average rating of “Hold” and a consensus target price of $115.48.

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.