Baupost Group LLC MA Acquires 562,000 Shares of Dollar General Corporation $DG

Baupost Group LLC MA boosted its holdings in Dollar General Corporation (NYSE:DG) by 26.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,666,876 shares of the company’s stock after acquiring an additional 562,000 shares during the quarter. Dollar General accounts for approximately 7.4% of Baupost Group LLC MA’s investment portfolio, making the stock its 6th biggest holding. Baupost Group LLC MA owned 1.21% of Dollar General worth $305,037,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of DG. Elevation Point Wealth Partners LLC purchased a new stake in Dollar General in the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of Dollar General in the 2nd quarter worth $26,000. Hantz Financial Services Inc. raised its holdings in shares of Dollar General by 46.8% in the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock valued at $50,000 after purchasing an additional 140 shares during the last quarter. MTM Investment Management LLC bought a new position in shares of Dollar General during the second quarter valued at about $51,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after purchasing an additional 128 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

DG has been the subject of several recent analyst reports. Evercore ISI set a $130.00 target price on Dollar General in a report on Friday. Sanford C. Bernstein upped their price objective on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Guggenheim set a $140.00 target price on Dollar General in a research note on Friday. Wall Street Zen raised shares of Dollar General from a “hold” rating to a “buy” rating in a report on Saturday. Finally, The Goldman Sachs Group lowered shares of Dollar General from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Dollar General has an average rating of “Hold” and an average target price of $124.78.

Dollar General Price Performance

Dollar General stock opened at $132.67 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.27. Dollar General Corporation has a one year low of $66.43 and a one year high of $135.08. The firm has a market capitalization of $29.20 billion, a P/E ratio of 22.91, a PEG ratio of 2.97 and a beta of 0.27. The business has a fifty day moving average price of $103.68 and a 200-day moving average price of $107.44.

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. The business had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, equities research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, January 6th. Dollar General’s dividend payout ratio (DPR) is presently 43.70%.

About Dollar General

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.