Absoluto Partners Gestao de Recursos Ltda Invests $1.36 Million in Dollar General Corporation $DG

Absoluto Partners Gestao de Recursos Ltda purchased a new stake in shares of Dollar General Corporation (NYSE:DG) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 11,887 shares of the company’s stock, valued at approximately $1,360,000. Dollar General accounts for about 0.8% of Absoluto Partners Gestao de Recursos Ltda’s portfolio, making the stock its 20th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its position in Dollar General by 116.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock valued at $310,538,000 after buying an additional 1,458,093 shares during the last quarter. Royal Bank of Canada raised its position in shares of Dollar General by 251.6% during the first quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock worth $178,983,000 after acquiring an additional 1,456,549 shares during the last quarter. Norges Bank acquired a new position in shares of Dollar General during the second quarter valued at $154,371,000. Massachusetts Financial Services Co. MA boosted its holdings in Dollar General by 15,369.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,219,179 shares of the company’s stock valued at $139,450,000 after acquiring an additional 1,211,298 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its position in Dollar General by 10,936.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,204,193 shares of the company’s stock worth $137,736,000 after purchasing an additional 1,193,282 shares during the period. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 0.2%

NYSE:DG opened at $132.97 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. The business’s 50-day simple moving average is $106.36 and its 200-day simple moving average is $108.37. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $135.08. The stock has a market capitalization of $29.27 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 2.41 and a beta of 0.27.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping 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 business had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the business earned $0.89 EPS. Dollar General’s revenue for the quarter was up 4.6% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Sell-side analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Tuesday, January 6th. Dollar General’s dividend payout ratio (DPR) is presently 40.76%.

Analyst Ratings Changes

A number of research analysts have issued reports on DG shares. The Goldman Sachs Group upgraded shares of Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. BNP Paribas Exane boosted their price target on shares of Dollar General from $118.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Sanford C. Bernstein increased their price objective on shares of Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, August 29th. BMO Capital Markets lifted their target price on shares of Dollar General from $115.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, December 5th. Finally, Guggenheim upped their target price on shares of Dollar General from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $127.60.

Insider Buying and Selling at Dollar General

In related news, EVP Carman R. Wenkoff sold 19,166 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total value of $2,530,103.66. Following the completion of the transaction, the executive vice president directly owned 43,179 shares of the company’s stock, valued at approximately $5,700,059.79. This represents a 30.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tracey N. Herrmann sold 4,850 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $131.39, for a total value of $637,241.50. Following the transaction, the executive vice president owned 26,098 shares of the company’s stock, valued at approximately $3,429,016.22. This trade represents a 15.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 36,599 shares of company stock worth $4,741,101 over the last ninety days. 0.56% of the stock is currently owned by insiders.

Dollar General Profile

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.