GF Fund Management CO. LTD. Sells 66,046 Shares of Dollar General Corporation $DG

GF Fund Management CO. LTD. cut its stake in shares of Dollar General Corporation (NYSE:DG) by 62.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,989 shares of the company’s stock after selling 66,046 shares during the quarter. GF Fund Management CO. LTD.’s holdings in Dollar General were worth $4,133,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Dollar General by 1.5% during 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 during the period. Arrowstreet Capital Limited Partnership increased 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 in the last quarter. Baupost Group LLC MA raised its stake in Dollar General by 26.7% during the 2nd 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 period. Charles Schwab Investment Management Inc. boosted its holdings in Dollar General by 4.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,778,479 shares of the company’s stock worth $203,422,000 after acquiring an additional 70,588 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Dollar General by 3.0% in the second quarter. Russell Investments Group Ltd. now owns 1,513,611 shares of the company’s stock valued at $173,130,000 after acquiring an additional 43,602 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dollar General

In other news, EVP Tracey N. Herrmann sold 12,583 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $125.07, for a total transaction of $1,573,755.81. Following the completion of the sale, the executive vice president directly owned 30,948 shares of the company’s stock, valued at $3,870,666.36. This trade represents a 28.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $132.52, for a total transaction of $333,420.32. Following the completion of the transaction, the chief accounting officer directly owned 29,344 shares in the company, valued at $3,888,666.88. This trade represents a 7.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 58,673 shares of company stock worth $7,713,389. Company insiders own 0.56% of the company’s stock.

Dollar General Stock Performance

Shares of DG stock opened at $153.76 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 firm has a 50-day moving average of $141.54 and a 200-day moving average of $118.56. Dollar General Corporation has a one year low of $70.01 and a one year high of $154.75. The company has a market cap of $33.85 billion, a P/E ratio of 26.56, a P/E/G ratio of 2.56 and a beta of 0.25.

Dollar General (NYSE:DG) last issued its quarterly earnings data 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 net margin of 3.03% and a return on equity of 18.59%. The business had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the firm posted $0.89 EPS. The firm’s quarterly 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. Equities research analysts forecast 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. Shareholders of record on Tuesday, January 6th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, January 6th. Dollar General’s dividend payout ratio is 40.76%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DG shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dollar General in a research report on Monday, December 29th. Gordon Haskett boosted their price target on shares of Dollar General from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen raised shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Piper Sandler lifted their price objective on shares of Dollar General from $117.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Finally, Sanford C. Bernstein upped their target price on shares of Dollar General from $141.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. 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.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $144.78.

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.