Y Intercept Hong Kong Ltd Lowers Stock Position in Dollar General Corporation $DG

Y Intercept Hong Kong Ltd trimmed its stake in shares of Dollar General Corporation (NYSE:DG) by 17.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 43,936 shares of the company’s stock after selling 9,513 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Dollar General were worth $5,025,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harbor Investment Advisory LLC lifted its holdings in Dollar General by 35.2% during 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 holdings in Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock valued at $44,000 after purchasing an additional 200 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock valued at $48,000 after purchasing an additional 342 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Dollar General by 384.3% during the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after purchasing an additional 488 shares in the last quarter. Finally, Bogart Wealth LLC lifted its holdings in Dollar General by 37.6% during the first quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock valued at $59,000 after purchasing an additional 184 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Price Performance

Dollar General stock opened at $102.01 on Wednesday. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95. The stock has a market cap of $22.45 billion, a P/E ratio of 18.89, a PEG ratio of 2.16 and a beta of 0.30. The company has a 50-day moving average price of $105.09 and a 200 day moving average price of $105.05. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.68 billion. During the same period last year, the business earned $1.70 earnings per share. Dollar General’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. Sell-side analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced 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 annualized dividend 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 43.70%.

Wall Street Analysts Forecast Growth

DG has been the topic of several recent analyst reports. Morgan Stanley increased their price objective 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 increased their target price 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. Wells Fargo & Company increased their target price on shares of Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dollar General in a research report on Tuesday, October 14th. Finally, Truist Financial increased their target price on shares of Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a research report 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. According to data from MarketBeat, the stock presently 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.