Rathbones Group PLC Decreases Stake in Dollar General Corporation $DG

Rathbones Group PLC trimmed its holdings in shares of Dollar General Corporation (NYSE:DG) by 51.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,973 shares of the company’s stock after selling 6,353 shares during the quarter. Rathbones Group PLC’s holdings in Dollar General were worth $683,000 as of its most recent filing with the SEC.

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

Dollar General Stock Performance

Shares of DG opened at $104.15 on Wednesday. The firm has a market capitalization of $22.92 billion, a PE ratio of 19.29, a P/E/G ratio of 2.10 and a beta of 0.30. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average price of $102.76 and a 200 day moving average price of $105.64. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $117.95.

Dollar General (NYSE:DG) last released its quarterly earnings results 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 for 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 revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, sell-side analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DG shares. Telsey Advisory Group set a $123.00 target price on Dollar General in a research report on Friday, August 29th. Morgan Stanley lifted their price target on shares of Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Sanford C. Bernstein boosted their price objective on shares of Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dollar General in a research note on Wednesday, November 5th. Finally, Gordon Haskett lowered their price target on shares of Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the stock. According to data from MarketBeat, 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.