Moors & Cabot Inc. Sells 2,930 Shares of Dollar General Corporation $DG

Moors & Cabot Inc. trimmed its stake in shares of Dollar General Corporation (NYSE:DG) by 36.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,106 shares of the company’s stock after selling 2,930 shares during the quarter. Moors & Cabot Inc.’s holdings in Dollar General were worth $584,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. grew its holdings in Dollar General by 5.8% during the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock valued at $229,000 after buying an additional 110 shares in the last quarter. Tectonic Advisors LLC lifted its holdings 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 in the last quarter. Ancora Advisors LLC boosted its position 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 valued at $638,000 after acquiring an additional 122 shares during the period. Harbor Investment Advisory LLC grew its stake 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 acquiring an additional 128 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake 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 acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DG. JPMorgan Chase & Co. increased their target price on shares of Dollar General from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Truist Financial increased their price objective on Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, August 29th. Wells Fargo & Company upped their target price 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. Telsey Advisory Group set a $123.00 price target on Dollar General in a report on Friday, August 29th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dollar General in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $115.64.

Dollar General Trading Up 3.5%

Shares of DG stock opened at $99.27 on Friday. The business has a 50-day moving average price of $103.05 and a two-hundred day moving average price of $105.38. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95. 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 market cap of $21.85 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. The company had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.Dollar General’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

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

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.