Louisbourg Investments Inc. Reduces Stock Holdings in Dollar General Corporation $DG

Louisbourg Investments Inc. trimmed its position in Dollar General Corporation (NYSE:DG) by 10.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 26,102 shares of the company’s stock after selling 3,160 shares during the period. Louisbourg Investments Inc.’s holdings in Dollar General were worth $2,986,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. boosted its position in Dollar General by 5.8% in the second quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock worth $229,000 after purchasing an additional 110 shares during the last quarter. Tectonic Advisors LLC boosted its position in 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 purchasing an additional 113 shares during the last quarter. Ancora Advisors LLC raised its stake in shares of Dollar General by 1.7% in the first quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock worth $638,000 after buying an additional 122 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of 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 period. Finally, CVA Family Office LLC raised its stake in shares of Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company’s stock worth $50,000 after buying an additional 161 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on DG. Truist Financial raised their price objective on Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, August 29th. Wolfe Research began coverage on Dollar General in a research note on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price objective on the stock. Wells Fargo & Company raised their price objective on Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Piper Sandler raised their price objective on Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Finally, Raymond James Financial raised their price objective on Dollar General from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $115.40.

Dollar General Stock Performance

NYSE:DG opened at $99.38 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. The stock’s 50 day simple moving average is $107.44 and its two-hundred day simple moving average is $103.55. The company has a market cap of $21.88 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 2.08 and a beta of 0.30.

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 analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The business had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the previous year, the company posted $1.70 EPS. The company’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. As a group, equities analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

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

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.