Andra AP fonden Makes New $2.02 Million Investment in Dollar General Corporation $DG

Andra AP fonden purchased a new stake in Dollar General Corporation (NYSE:DGFree Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,533 shares of the company’s stock, valued at approximately $2,019,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Dollar General by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock worth $2,314,000 after acquiring an additional 1,185 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Dollar General by 12.3% in the first quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock valued at $919,000 after purchasing an additional 1,148 shares during the period. Woodline Partners LP increased its position in Dollar General by 40.7% during the first quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock worth $1,634,000 after purchasing an additional 5,373 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Dollar General during the second quarter worth about $211,000. Finally, AlphaQuest LLC boosted its holdings in Dollar General by 478.8% in the 2nd quarter. AlphaQuest LLC now owns 903 shares of the company’s stock valued at $103,000 after purchasing an additional 747 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of DG stock opened at $156.13 on Friday. The firm has a 50 day moving average of $145.74 and a two-hundred day moving average of $121.45. The stock has a market capitalization of $34.37 billion, a PE ratio of 26.97, a P/E/G ratio of 2.59 and a beta of 0.25. 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 Corporation has a 52 week low of $70.01 and a 52 week high of $158.23.

Dollar General (NYSE:DGGet Free Report) last announced its quarterly earnings data 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 return on equity of 18.59% and a net margin of 3.03%.The business had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period last year, the firm earned $0.89 earnings per share. The company’s revenue for the quarter 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, research analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.5%. Dollar General’s payout ratio is currently 40.76%.

Insider Activity

In other Dollar General news, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $132.52, for a total transaction of $333,420.32. Following the completion of the transaction, the chief accounting officer owned 29,344 shares in the company, valued at $3,888,666.88. The trade was a 7.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Roderick J. West sold 2,282 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $133.35, for a total transaction of $304,304.70. Following the completion of the sale, the executive vice president directly owned 36,108 shares in the company, valued at approximately $4,815,001.80. This represents a 5.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 58,673 shares of company stock valued at $7,713,389. 0.56% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Truist Financial set a $144.00 price objective on Dollar General in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft upgraded Dollar General from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Thursday, January 8th. Loop Capital increased their price target on Dollar General from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Finally, BNP Paribas Exane raised their price objective on Dollar General from $118.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Fourteen research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average target price of $145.85.

Check Out Our Latest Research Report on Dollar General

Key Stories Impacting Dollar General

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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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