Dollar General Corporation $DG Shares Sold by CenterBook Partners LP

CenterBook Partners LP reduced its stake in shares of Dollar General Corporation (NYSE:DG) by 42.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,707 shares of the company’s stock after selling 11,033 shares during the period. CenterBook Partners LP’s holdings in Dollar General were worth $1,520,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Bryn Mawr Trust Advisors LLC acquired a new stake in Dollar General in the third quarter worth approximately $8,803,000. Arista Wealth Management LLC bought a new position in Dollar General during the third quarter valued at about $351,000. Allianz Asset Management GmbH grew its holdings in Dollar General by 16.3% during the third quarter. Allianz Asset Management GmbH now owns 805,645 shares of the company’s stock worth $83,263,000 after acquiring an additional 112,862 shares during the period. Vanguard Group Inc. raised its position in Dollar General by 1.5% in the second quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock worth $3,067,403,000 after acquiring an additional 384,447 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in Dollar General by 483.1% in the 2nd quarter. Empowered Funds LLC now owns 30,630 shares of the company’s stock valued at $3,503,000 after acquiring an additional 25,377 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Down 0.1%

Shares of Dollar General stock opened at $151.81 on Friday. Dollar General Corporation has a 1 year low of $70.01 and a 1 year high of $155.00. The company 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. The stock has a 50-day moving average price of $143.52 and a 200 day moving average price of $119.74.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.33. The company had revenue of $10.65 billion for 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%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business 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 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 dividend payout ratio is 40.76%.

Analysts Set New Price Targets

A number of analysts recently commented on DG shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $130.00 target price (up from $123.00) on shares of Dollar General in a report on Thursday, December 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $165.00 price target on shares of Dollar General in a report on Monday, January 12th. UBS Group reiterated a “buy” rating and set a $168.00 price objective on shares of Dollar General in a research report on Friday, February 6th. Argus lifted their target price on Dollar General from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. Finally, Sanford C. Bernstein boosted their target price on Dollar General from $141.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Fourteen analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $144.44.

Insider Buying and Selling at Dollar General

In related news, CAO Anita C. Elliott sold 2,516 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $132.52, for a total value of $333,420.32. Following the transaction, the chief accounting officer owned 29,344 shares in the company, valued at approximately $3,888,666.88. This represents a 7.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Rhonda Taylor sold 7,500 shares of Dollar General stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total transaction of $1,011,675.00. Following the completion of the sale, the executive vice president owned 73,492 shares of the company’s stock, valued at $9,913,335.88. This trade represents a 9.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 58,673 shares of company stock valued at $7,713,389 in the last quarter. Corporate insiders own 0.56% of the company’s stock.

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.