BI Asset Management Fondsmaeglerselskab A S Grows Holdings in Dollar General Corporation $DG

BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Dollar General Corporation (NYSE:DG) by 511.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,175 shares of the company’s stock after buying an additional 58,689 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Dollar General were worth $7,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Bryn Mawr Trust Advisors LLC acquired a new stake in Dollar General during the 3rd quarter worth approximately $8,803,000. Ameritas Advisory Services LLC acquired a new stake in shares of Dollar General in the second quarter worth $101,000. Allianz Asset Management GmbH raised its stake in shares of Dollar General by 16.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 805,645 shares of the company’s stock valued at $83,263,000 after acquiring an additional 112,862 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Dollar General by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock valued at $3,067,403,000 after acquiring an additional 384,447 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in Dollar General by 483.1% during the 2nd quarter. Empowered Funds LLC now owns 30,630 shares of the company’s stock worth $3,503,000 after purchasing an additional 25,377 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

Dollar General stock opened at $146.70 on Friday. Dollar General Corporation has a 52 week low of $70.01 and a 52 week high of $154.75. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63. The stock has a market cap of $32.29 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 2.41 and a beta of 0.25. The stock has a 50 day moving average of $138.43 and a 200-day moving average of $117.07.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the company posted $0.89 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

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

Insiders Place Their Bets

In related news, 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 value of $1,011,675.00. Following the completion of the sale, the executive vice president directly owned 73,492 shares of the company’s stock, valued at $9,913,335.88. The trade was a 9.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Carman R. Wenkoff sold 19,166 shares of the 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 transaction, the executive vice president directly owned 43,179 shares in the company, valued at approximately $5,700,059.79. This represents a 30.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 58,673 shares of company stock valued at $7,713,389. 0.56% of the stock is owned by company insiders.

Analysts Set New Price Targets

DG has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price objective 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. Gordon Haskett upped their price target on Dollar General from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. JPMorgan Chase & Co. increased 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. BMO Capital Markets boosted their target price on shares of Dollar General from $115.00 to $130.00 and gave the stock a “market perform” rating in a research 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 company an “outperform” rating in a research note on Monday, January 5th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus price target of $142.85.

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.