Caxton Associates LLP Purchases New Shares in Dollar General Corporation $DG

Caxton Associates LLP purchased a new position in shares of Dollar General Corporation (NYSE:DG) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 22,223 shares of the company’s stock, valued at approximately $2,542,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised 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 worth $310,538,000 after acquiring an additional 1,458,093 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Dollar General by 251.6% in the first quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock valued at $178,983,000 after purchasing an additional 1,456,549 shares in the last quarter. Norges Bank bought a new position in Dollar General in the 2nd quarter worth approximately $154,371,000. Massachusetts Financial Services Co. MA lifted its holdings in Dollar General by 15,369.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,219,179 shares of the company’s stock worth $139,450,000 after buying an additional 1,211,298 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its holdings in Dollar General by 10,936.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,204,193 shares of the company’s stock worth $137,736,000 after buying an additional 1,193,282 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 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 completion of the sale, the executive vice president directly owned 26,098 shares in the company, valued at $3,429,016.22. This represents a 15.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Carman R. Wenkoff sold 19,166 shares of Dollar General stock in a transaction dated 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 transaction, the executive vice president owned 43,179 shares in the company, valued at $5,700,059.79. This trade represents a 30.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 36,599 shares of company stock worth $4,741,101 in the last ninety days. 0.56% of the stock is currently owned by company insiders.

Dollar General Stock Performance

Shares of DG stock opened at $132.97 on Monday. The stock has a market cap of $29.27 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 2.42 and a beta of 0.27. The stock has a 50-day moving average of $106.36 and a 200-day moving average of $108.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. Dollar General Corporation has a one year low of $66.43 and a one year high of $135.08.

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, 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 analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the company earned $0.89 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, sell-side analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Dollar General from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, December 5th. The Goldman Sachs Group upgraded Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Dollar General in a research report on Monday, December 8th. Wells Fargo & Company lifted their price target on shares of Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Dollar General from $115.00 to $128.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $127.60.

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.