63,919 Shares in Dollar General Corporation $DG Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new stake in shares of Dollar General Corporation (NYSE:DG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 63,919 shares of the company’s stock, valued at approximately $6,606,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Dollar General by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock valued at $3,067,403,000 after acquiring an additional 384,447 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Dollar General by 116.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock valued at $310,538,000 after purchasing an additional 1,458,093 shares in the last quarter. Baupost Group LLC MA lifted its position in Dollar General by 26.7% during the second quarter. Baupost Group LLC MA now owns 2,666,876 shares of the company’s stock valued at $305,037,000 after purchasing an additional 562,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Dollar General by 4.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,778,479 shares of the company’s stock worth $203,422,000 after buying an additional 70,588 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Dollar General by 3.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,513,611 shares of the company’s stock worth $173,130,000 after buying an additional 43,602 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of Dollar General stock opened at $144.68 on Friday. Dollar General Corporation has a 52 week low of $69.32 and a 52 week high of $154.75. The company has a market capitalization of $31.85 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.67 and a beta of 0.26. The stock’s fifty day moving average is $129.20 and its two-hundred day moving average is $114.48. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 3.03% and a return on equity of 18.59%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, January 6th. Dollar General’s payout ratio is currently 40.76%.

Insider Transactions at Dollar General

In other news, EVP Rhonda Taylor sold 7,500 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $134.89, for a total transaction of $1,011,675.00. Following the transaction, the executive vice president owned 73,492 shares of the company’s stock, valued at approximately $9,913,335.88. This represents a 9.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anita C. Elliott sold 2,516 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $132.52, for a total value of $333,420.32. Following the transaction, the chief accounting officer owned 29,344 shares in the company, valued at approximately $3,888,666.88. This represents a 7.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,673 shares of company stock valued at $7,713,389 in the last ninety days. Corporate insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

DG has been the subject of several recent research reports. Wolfe Research lifted their price target on Dollar General from $141.00 to $159.00 and gave the stock an “outperform” rating in a research report on Monday, December 22nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Dollar General in a research note on Friday, December 5th. BMO Capital Markets boosted their target price on Dollar General from $115.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, December 5th. Evercore ISI raised their price target on Dollar General from $130.00 to $135.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 23rd. Finally, Loop Capital lifted their price objective on shares of Dollar General from $100.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, December 5th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $140.19.

Dollar General 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.