Vanguard Group Inc. Increases Holdings in Dollar General Corporation $DG

Vanguard Group Inc. boosted its position in Dollar General Corporation (NYSE:DG) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,896,503 shares of the company’s stock after buying an additional 78,854 shares during the quarter. Vanguard Group Inc. owned approximately 0.12% of Dollar General worth $2,779,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Bryn Mawr Trust Advisors LLC bought a new position in Dollar General in the third quarter worth about $8,803,000. Arista Wealth Management LLC bought a new position in shares of Dollar General in the 3rd quarter worth approximately $351,000. Allianz Asset Management GmbH lifted its stake in shares of Dollar General by 16.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 805,645 shares of the company’s stock valued at $83,263,000 after purchasing an additional 112,862 shares during the period. Empowered Funds LLC boosted its position in shares of Dollar General by 483.1% during the second quarter. Empowered Funds LLC now owns 30,630 shares of the company’s stock valued at $3,503,000 after purchasing an additional 25,377 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Dollar General by 5.4% in the third quarter. Jones Financial Companies Lllp now owns 555,176 shares of the company’s stock worth $56,749,000 after purchasing an additional 28,349 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dollar General

In other Dollar General news, EVP Bryan D. Wheeler sold 9,776 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $135.32, for a total value of $1,322,888.32. Following the completion of the sale, the executive vice president owned 22,295 shares in the company, valued at approximately $3,016,959.40. This represents a 30.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Anita C. Elliott sold 2,516 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $132.52, for a total value of $333,420.32. Following the sale, the chief accounting officer owned 29,344 shares of the company’s stock, valued at $3,888,666.88. This represents a 7.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 58,673 shares of company stock worth $7,713,389 in the last 90 days. Insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Oppenheimer boosted their target price on shares of Dollar General from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Citigroup upped their price objective on shares of Dollar General from $112.00 to $138.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. BNP Paribas Exane lifted their target price on shares of Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Gordon Haskett upped their price target on Dollar General from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Loop Capital raised their price target on Dollar General from $120.00 to $145.00 and gave the company a “hold” rating in a report on Friday, February 6th. Fourteen investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $144.44.

Dollar General Stock Performance

Shares of DG stock opened at $152.04 on Thursday. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average price of $143.14 and a 200-day moving average price of $119.52. Dollar General Corporation has a 52 week low of $70.01 and a 52 week high of $155.00. The firm has a market capitalization of $33.47 billion, a PE ratio of 26.26, a P/E/G ratio of 2.49 and a beta of 0.25.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The company had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the prior year, the company earned $0.89 earnings per share. Dollar General’s revenue was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, equities research analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

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

About Dollar General

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.