Aberdeen Group plc Has $13.89 Million Stock Holdings in Dollar General Corporation $DG

Aberdeen Group plc trimmed its position in shares of Dollar General Corporation (NYSE:DG) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,941 shares of the company’s stock after selling 10,701 shares during the period. Aberdeen Group plc owned about 0.06% of Dollar General worth $13,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cidel Asset Management Inc. lifted its position in shares of Dollar General by 2.9% during the 3rd quarter. Cidel Asset Management Inc. now owns 4,258 shares of the company’s stock worth $440,000 after purchasing an additional 120 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Dollar General by 39.3% during the third quarter. Metis Global Partners LLC now owns 10,951 shares of the company’s stock worth $1,132,000 after buying an additional 3,088 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Dollar General by 14.4% during the third quarter. Public Sector Pension Investment Board now owns 19,068 shares of the company’s stock worth $1,971,000 after buying an additional 2,393 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in shares of Dollar General by 16.8% in the third quarter. Illinois Municipal Retirement Fund now owns 174,983 shares of the company’s stock valued at $18,084,000 after acquiring an additional 25,131 shares during the period. Finally, Cornerstone Investment Partners LLC raised its stake in Dollar General by 14.2% during the 3rd quarter. Cornerstone Investment Partners LLC now owns 580,211 shares of the company’s stock valued at $59,965,000 after purchasing an additional 72,347 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on DG. Raymond James Financial reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Dollar General in a report on Friday, December 5th. Evercore boosted their price target on shares of Dollar General from $143.00 to $145.00 and gave the company an “in-line” rating in a report on Tuesday, February 3rd. The Goldman Sachs Group raised shares of Dollar General from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Jefferies Financial Group reissued a “buy” rating and issued a $165.00 price target on shares of Dollar General in a research report on Monday, January 12th. Finally, Citigroup increased their target price on Dollar General from $112.00 to $138.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Fourteen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and an average price target of $144.44.

Dollar General Stock Performance

DG opened at $151.81 on Friday. The company has a market capitalization of $33.42 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 2.53 and a beta of 0.25. The business’s 50-day moving average price is $143.52 and its two-hundred day moving average price is $119.74. Dollar General Corporation has a 1 year low of $70.01 and a 1 year high of $155.00. 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 (NYSE:DG) last released its earnings results on Thursday, December 4th. The company reported $1.28 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 firm had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the business posted $0.89 EPS. The business’s quarterly 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. Equities analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th were issued 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 1.6%. Dollar General’s payout ratio is presently 40.76%.

Insiders Place Their Bets

In other Dollar General news, EVP Bryan D. Wheeler sold 9,776 shares of Dollar General stock in a transaction on Friday, December 19th. The shares were sold at an average price of $135.32, for a total transaction of $1,322,888.32. Following the completion of the transaction, the executive vice president directly owned 22,295 shares of the company’s stock, valued at $3,016,959.40. The trade was a 30.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Roderick J. West sold 2,282 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 36,108 shares in the company, valued at $4,815,001.80. The trade was a 5.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,673 shares of company stock worth $7,713,389 in the last quarter. Company insiders own 0.56% of the company’s stock.

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.