Mirabella Financial Services LLP Sells 392,978 Shares of Dollar General Corporation $DG

Mirabella Financial Services LLP lowered its stake in Dollar General Corporation (NYSE:DG) by 96.0% during the 2nd quarter, Holdings Channel reports. The firm owned 16,480 shares of the company’s stock after selling 392,978 shares during the quarter. Mirabella Financial Services LLP’s holdings in Dollar General were worth $1,893,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. LPL Financial LLC increased its stake in Dollar General by 6.8% during the first quarter. LPL Financial LLC now owns 177,276 shares of the company’s stock worth $15,588,000 after acquiring an additional 11,359 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Dollar General by 34.8% in the 1st quarter. US Bancorp DE now owns 21,581 shares of the company’s stock worth $1,898,000 after acquiring an additional 5,567 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Dollar General by 1.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 36,254 shares of the company’s stock valued at $3,188,000 after purchasing an additional 459 shares during the last quarter. Blair William & Co. IL raised its position in Dollar General by 12.7% in the 1st quarter. Blair William & Co. IL now owns 3,727 shares of the company’s stock worth $328,000 after purchasing an additional 419 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in Dollar General by 19.2% in the first quarter. Commonwealth Equity Services LLC now owns 185,150 shares of the company’s stock worth $16,280,000 after purchasing an additional 29,777 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. The Goldman Sachs Group downgraded Dollar General from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 13th. Truist Financial lifted their price objective on shares of Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a report on Friday, August 29th. Wells Fargo & Company raised their target price on shares of Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Raymond James Financial boosted their price target on Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Sanford C. Bernstein raised their price objective on Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Dollar General has an average rating of “Hold” and an average price target of $117.82.

Dollar General Stock Up 13.7%

Dollar General stock opened at $124.95 on Friday. 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 $27.50 billion, a P/E ratio of 23.14, a P/E/G ratio of 2.70 and a beta of 0.27. The business has a fifty day moving average of $103.07 and a two-hundred day moving average of $107.20. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $125.44.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $0.95 by $0.33. The firm had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. Dollar General’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, analysts forecast 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 will be paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, January 6th. Dollar General’s payout ratio is presently 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.