Principal Financial Group Inc. Has $26.07 Million Position in Dollar General Corporation $DG

Principal Financial Group Inc. lifted its holdings in shares of Dollar General Corporation (NYSE:DG) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 252,293 shares of the company’s stock after buying an additional 6,596 shares during the period. Principal Financial Group Inc.’s holdings in Dollar General were worth $26,074,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Dollar General by 1.5% in the second quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock valued at $3,067,403,000 after purchasing an additional 384,447 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Dollar General by 116.0% in the second 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 in the last quarter. Baupost Group LLC MA increased its holdings 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 worth $305,037,000 after buying an additional 562,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Dollar General by 4.1% during the second 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 during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Dollar General by 3.0% during the second quarter. Russell Investments Group Ltd. now owns 1,513,611 shares of the company’s stock worth $173,130,000 after acquiring an additional 43,602 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Rhonda Taylor sold 7,500 shares of Dollar General stock in a transaction dated 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 directly owned 73,492 shares of the company’s stock, valued at approximately $9,913,335.88. The trade was a 9.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Roderick J. West sold 2,282 shares of Dollar General 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 completion of the transaction, the executive vice president directly owned 36,108 shares in the company, valued at approximately $4,815,001.80. This represents a 5.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,673 shares of company stock worth $7,713,389 over the last quarter. Insiders own 0.56% of the company’s stock.

Dollar General Stock Performance

DG opened at $146.70 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17. Dollar General Corporation has a 52-week low of $70.01 and a 52-week high of $154.75. The firm has a market cap of $32.29 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 2.41 and a beta of 0.25. The business’s fifty day moving average is $138.43 and its 200-day moving average is $117.07.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the firm posted $0.89 earnings per share. Dollar General’s revenue 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 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, January 6th. Dollar General’s dividend payout ratio (DPR) is 40.76%.

Analysts Set New Price Targets

DG has been the topic of several recent analyst reports. BMO Capital Markets boosted their price objective on shares of Dollar General from $115.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, December 5th. Piper Sandler lifted their price target on Dollar General from $117.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Oppenheimer upped their price objective on Dollar General from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. UBS Group reaffirmed a “buy” rating and issued a $168.00 price objective on shares of Dollar General in a research report on Friday. Finally, Barclays boosted their target price on Dollar General from $127.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat, Dollar General currently has an average rating of “Hold” and an average target price of $142.85.

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.