Sumitomo Mitsui Trust Group Inc. Acquires 7,988 Shares of Dollar General Corporation $DG

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Dollar General Corporation (NYSE:DG) by 1.6% in the third quarter, HoldingsChannel reports. The firm owned 510,444 shares of the company’s stock after buying an additional 7,988 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Dollar General were worth $52,754,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Dollar General by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock valued at $2,314,000 after acquiring an additional 1,185 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Dollar General by 12.3% in the 1st quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock worth $919,000 after purchasing an additional 1,148 shares during the period. Woodline Partners LP boosted its stake in shares of Dollar General by 40.7% during the 1st quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock valued at $1,634,000 after purchasing an additional 5,373 shares in the last quarter. Inspire Investing LLC increased its position in shares of Dollar General by 5.5% during the first quarter. Inspire Investing LLC now owns 3,615 shares of the company’s stock valued at $318,000 after buying an additional 189 shares during the period. Finally, Voya Investment Management LLC raised its stake in Dollar General by 0.7% in the first quarter. Voya Investment Management LLC now owns 65,707 shares of the company’s stock worth $5,778,000 after buying an additional 432 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Activity

In related news, EVP Roderick J. West sold 2,282 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $133.35, for a total value of $304,304.70. Following the transaction, the executive vice president directly owned 36,108 shares of the company’s stock, valued at approximately $4,815,001.80. This represents a 5.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Carman R. Wenkoff sold 19,166 shares of Dollar General stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total value of $2,530,103.66. Following the completion of the sale, the executive vice president directly owned 43,179 shares of the company’s stock, valued at approximately $5,700,059.79. The trade was a 30.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 58,673 shares of company stock valued at $7,713,389. Company insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

DG has been the topic of several research reports. Piper Sandler lifted their price objective on Dollar General from $117.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Jefferies Financial Group restated a “buy” rating and set a $165.00 price target on shares of Dollar General in a research report on Monday. Loop Capital upped their price target on Dollar General from $100.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, December 5th. Guggenheim raised their price objective on Dollar General from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Dollar General from $166.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $139.62.

Dollar General Trading Up 0.5%

NYSE DG opened at $151.66 on Friday. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $154.75. The stock has a market cap of $33.38 billion, a P/E ratio of 26.19, a P/E/G ratio of 2.74 and a beta of 0.26. The stock’s fifty day moving average price is $124.73 and its 200-day moving average price is $113.35. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (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 return on equity of 18.59% and a net margin of 3.03%.Dollar General’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, equities 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, January 20th. Stockholders of record on Tuesday, January 6th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, January 6th. Dollar General’s dividend payout ratio is currently 40.76%.

Dollar General Company Profile

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.