Mirae Asset Global Investments Co. Ltd. Increases Stock Position in Dollar General Corporation $DG

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Dollar General Corporation (NYSE:DG) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,987 shares of the company’s stock after purchasing an additional 4,658 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Dollar General were worth $3,616,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted 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 buying an additional 384,447 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of 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 acquiring an additional 1,458,093 shares during the period. Baupost Group LLC MA raised its position in Dollar General by 26.7% in the 2nd quarter. Baupost Group LLC MA now owns 2,666,876 shares of the company’s stock valued at $305,037,000 after purchasing an additional 562,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Dollar General by 4.1% during the 2nd 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 during the last quarter. Finally, Russell Investments Group Ltd. increased 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 purchasing an additional 43,602 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DG has been the subject of several recent research reports. Wall Street Zen upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Daiwa Capital Markets lifted their target price on Dollar General from $113.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Wells Fargo & Company upped their price target on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. lifted their price objective on shares of Dollar General from $166.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Thursday, January 8th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $141.27.

Dollar General Stock Performance

NYSE:DG opened at $143.50 on Tuesday. The firm has a market cap of $31.59 billion, a PE ratio of 24.78, a P/E/G ratio of 2.60 and a beta of 0.26. Dollar General Corporation has a 1-year low of $69.32 and a 1-year high of $154.75. 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 simple moving average of $135.28 and a 200-day simple moving average of $116.11.

Dollar General (NYSE:DG) last released its earnings results 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 the consensus estimate of $10.60 billion. During the same period in the previous year, the firm earned $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. On average, equities analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $2.36 annualized dividend and a yield of 1.6%. Dollar General’s dividend payout ratio (DPR) is 40.76%.

Insider Buying and Selling at Dollar General

In related news, EVP Carman R. Wenkoff sold 19,166 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total value of $2,530,103.66. Following the sale, the executive vice president owned 43,179 shares of the company’s stock, valued at approximately $5,700,059.79. This trade represents a 30.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $132.52, for a total transaction of $333,420.32. Following the transaction, the chief accounting officer directly owned 29,344 shares of the company’s stock, valued at $3,888,666.88. The trade was a 7.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 58,673 shares of company stock worth $7,713,389. 0.56% of the stock is currently owned by insiders.

Dollar General 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.