Principal Financial Group Inc. Has $26.07 Million Stock Position in Dollar General Corporation $DG

Principal Financial Group Inc. raised its stake in Dollar General Corporation (NYSE:DG) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,293 shares of the company’s stock after acquiring an additional 6,596 shares during the quarter. Principal Financial Group Inc. owned about 0.11% of Dollar General worth $26,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of 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 valued at $2,314,000 after buying an additional 1,185 shares during the period. NewEdge Advisors LLC increased its position in Dollar General by 12.3% in the first quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock worth $919,000 after purchasing an additional 1,148 shares during the period. Woodline Partners LP raised its holdings in Dollar General by 40.7% during the 1st 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 acquired a new position in Dollar General during the 2nd quarter valued at about $211,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Dollar General in the 2nd quarter valued at about $101,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Dollar General news, EVP Bryan D. Wheeler sold 9,776 shares of Dollar General stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $135.32, for a total value of $1,322,888.32. Following the sale, the executive vice president owned 22,295 shares of the company’s stock, valued at $3,016,959.40. This trade represents a 30.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Tracey N. Herrmann sold 12,583 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $125.07, for a total value of $1,573,755.81. Following the transaction, the executive vice president directly owned 30,948 shares of the company’s stock, valued at $3,870,666.36. This represents a 28.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 58,673 shares of company stock worth $7,713,389. 0.56% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DG shares. BMO Capital Markets boosted their price target on shares of Dollar General from $115.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, December 5th. UBS Group reiterated a “buy” rating and set a $168.00 target price on shares of Dollar General in a research report on Friday. Argus raised their price target on Dollar General from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. JPMorgan Chase & Co. lifted their price objective on Dollar General from $166.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, January 9th. Finally, Wolfe Research increased their target price on Dollar General from $141.00 to $159.00 and gave the company an “outperform” rating in a research note on Monday, December 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and an average price target of $142.85.

Dollar General Trading Up 1.2%

NYSE DG opened at $146.70 on Friday. Dollar General Corporation has a one year low of $70.01 and a one 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 market cap of $32.29 billion, a P/E ratio of 25.34, a P/E/G ratio of 2.41 and a beta of 0.25. The stock’s 50-day moving average is $138.43 and its 200-day moving average is $117.07.

Dollar General (NYSE:DG) last posted its earnings results 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 during 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%.Dollar General’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Sell-side analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

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

Dollar General Company 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.