TrueMark Investments LLC Cuts Holdings in Dollar General Corporation $DG

TrueMark Investments LLC lowered its position in Dollar General Corporation (NYSE:DG) by 92.4% in the second quarter, HoldingsChannel reports. The fund owned 4,676 shares of the company’s stock after selling 56,600 shares during the quarter. TrueMark Investments LLC’s holdings in Dollar General were worth $535,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in 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 raised its stake in Dollar General by 1.9% during the second quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock worth $691,000 after purchasing an additional 113 shares during the period. Ancora Advisors LLC lifted 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 during the last quarter. Harbor Investment Advisory LLC lifted 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 valued at $56,000 after buying an additional 128 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Dollar General by 18.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,056 shares of the company’s stock worth $121,000 after buying an additional 163 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Price Performance

Shares of NYSE DG opened at $105.79 on Monday. The stock’s 50-day moving average is $106.54 and its two-hundred day moving average is $104.32. 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 company has a market cap of $23.29 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 2.23 and a beta of 0.30. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $117.95.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping 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 firm had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same period in the prior year, the firm earned $1.70 earnings per share. The business’s quarterly 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. Analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.2%. Dollar General’s payout ratio is presently 43.70%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DG. JPMorgan Chase & Co. upped their price objective on shares of Dollar General from $95.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Sanford C. Bernstein upped their price target on Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Barclays lifted their price objective on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. The Goldman Sachs Group lowered Dollar General from a “buy” rating to a “neutral” rating and increased their target price for the stock from $115.00 to $116.00 in a research note on Tuesday, June 24th. Finally, Loop Capital boosted their price target on shares of Dollar General from $110.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, July 10th. 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 company’s stock. Based on data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus target price of $115.40.

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.