Alberta Investment Management Corp Purchases New Position in Dollar General Corporation $DG

Alberta Investment Management Corp bought a new position in shares of Dollar General Corporation (NYSE:DG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 46,100 shares of the company’s stock, valued at approximately $4,764,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Dollar General by 0.3% in the third quarter. Vanguard Group Inc. now owns 26,896,503 shares of the company’s stock valued at $2,779,754,000 after buying an additional 78,854 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Dollar General by 116.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock worth $310,538,000 after buying an additional 1,458,093 shares in the last quarter. Baupost Group LLC MA lifted its position in shares of Dollar General by 26.7% during the second 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Dollar General by 4.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,778,479 shares of the company’s stock worth $203,422,000 after acquiring an additional 70,588 shares during the period. Finally, Russell Investments Group Ltd. grew its position in Dollar General by 3.0% during the second quarter. Russell Investments Group Ltd. now owns 1,513,611 shares of the company’s stock valued at $173,130,000 after buying an additional 43,602 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DG shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $165.00 price target on shares of Dollar General in a research report on Monday, January 12th. Wall Street Zen raised 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. Morgan Stanley upped their price target on shares of Dollar General from $135.00 to $160.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Finally, BNP Paribas Exane raised their price target on shares of Dollar General from $118.00 to $127.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Fourteen equities research 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 MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and an average target price of $144.44.

Dollar General Trading Down 0.1%

NYSE DG opened at $151.81 on Friday. The stock has a market cap of $33.42 billion, a P/E ratio of 26.22, a P/E/G ratio of 2.53 and a beta of 0.25. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63. Dollar General Corporation has a 12 month low of $70.01 and a 12 month high of $155.00. The stock’s fifty day moving average price is $143.52 and its 200-day moving average price is $119.74.

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

Dollar General Announces Dividend

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

Insider Activity

In other news, CAO Anita C. Elliott sold 2,516 shares of Dollar General stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $132.52, for a total value of $333,420.32. Following the completion of the sale, the chief accounting officer directly owned 29,344 shares in the company, valued at $3,888,666.88. The trade was a 7.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Tracey N. Herrmann sold 12,583 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $125.07, for a total transaction 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. The trade was a 28.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 58,673 shares of company stock valued at $7,713,389. Corporate 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.