Metis Global Partners LLC Sells 940 Shares of Dollar General Corporation $DG

Metis Global Partners LLC lessened its stake in shares of Dollar General Corporation (NYSE:DG) by 10.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,863 shares of the company’s stock after selling 940 shares during the quarter. Metis Global Partners LLC’s holdings in Dollar General were worth $899,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp purchased a new stake in shares of Dollar General during the 2nd quarter worth approximately $26,000. Hantz Financial Services Inc. grew its holdings in Dollar General by 46.8% during the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock valued at $50,000 after purchasing an additional 140 shares during the period. Harbor Investment Advisory LLC increased its position in 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 during the last quarter. Mountain Hill Investment Partners Corp. increased its position in Dollar General by 66.7% in the first 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. Finally, Larson Financial Group LLC raised its stake in shares of Dollar General by 384.3% in the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after buying an additional 488 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Performance

Dollar General stock opened at $104.15 on Wednesday. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $117.95. 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 firm has a market capitalization of $22.92 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30. The firm’s 50 day simple moving average is $102.76 and its 200 day simple moving average is $105.64.

Dollar General (NYSE:DG) last released its quarterly 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. The firm had revenue of $10.73 billion during 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 business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. UBS Group lifted their price objective on Dollar General from $128.00 to $135.00 and gave the stock a “buy” 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 for the company in a research note on Tuesday, October 7th. JPMorgan Chase & Co. boosted their price target on shares of Dollar General from $109.00 to $115.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Raymond James Financial raised their price objective on shares of Dollar General from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Guggenheim reiterated a “buy” rating and issued a $125.00 price objective on shares of Dollar General in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $115.64.

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.