Andra AP fonden Purchases New Position in Dollar General Corporation $DG

Andra AP fonden purchased a new stake in Dollar General Corporation (NYSE:DGFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,533 shares of the company’s stock, valued at approximately $2,019,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Dollar General by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 26,896,503 shares of the company’s stock worth $2,779,754,000 after acquiring an additional 78,854 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Dollar General by 116.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock worth $310,538,000 after purchasing an additional 1,458,093 shares during the last quarter. Baupost Group LLC MA grew its holdings in shares of 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 purchasing an additional 562,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 purchasing an additional 70,588 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position 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 valued at $173,130,000 after purchasing an additional 43,602 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General News Roundup

Here are the key news stories impacting Dollar General this week:

Wall Street Analyst Weigh In

Several research analysts have commented on DG shares. Raymond James Financial reaffirmed an “outperform” rating and set a $135.00 price target on shares of Dollar General in a research report on Friday, December 5th. Morgan Stanley lifted their target price on shares of Dollar General from $135.00 to $160.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Sanford C. Bernstein upped their price target on shares of Dollar General from $141.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Barclays raised their price objective on shares of Dollar General from $127.00 to $151.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $130.00 target price (up from $123.00) on shares of Dollar General in a report on Thursday, December 4th. Fourteen analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $145.85.

Get Our Latest Report on DG

Dollar General Trading Up 1.4%

Shares of Dollar General stock opened at $156.13 on Friday. The firm has a market cap of $34.37 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 2.59 and a beta of 0.25. Dollar General Corporation has a 52-week low of $70.01 and a 52-week high of $158.23. The company’s 50-day simple moving average is $145.74 and its 200-day simple moving average is $121.45. 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:DGGet Free Report) last announced its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating 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 firm had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The firm’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. As a group, equities research analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

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 dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, January 6th. Dollar General’s dividend payout ratio is currently 40.76%.

Insider Transactions at Dollar General

In related news, CAO Anita C. Elliott sold 2,516 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $132.52, for a total value of $333,420.32. Following the completion of the sale, the chief accounting officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rhonda Taylor sold 7,500 shares of the business’s 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 sale, the executive vice president directly owned 73,492 shares in the company, valued at approximately $9,913,335.88. This represents a 9.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 58,673 shares of company stock valued at $7,713,389 in the last three months. Insiders own 0.56% of the company’s stock.

Dollar General Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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