LSV Asset Management Takes Position in Dollar General Corporation $DG

LSV Asset Management bought a new stake in Dollar General Corporation (NYSE:DG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 295,900 shares of the company’s stock, valued at approximately $30,581,000.

Other large investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its stake in shares of Dollar General by 116.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock worth $310,538,000 after purchasing an additional 1,458,093 shares during the period. Norges Bank bought a new stake in Dollar General during the second quarter valued at approximately $154,371,000. Massachusetts Financial Services Co. MA increased its holdings in Dollar General by 15,369.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,219,179 shares of the company’s stock valued at $139,450,000 after buying an additional 1,211,298 shares during the last quarter. Laurel Wealth Advisors LLC increased its holdings in Dollar General by 10,936.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,204,193 shares of the company’s stock valued at $137,736,000 after buying an additional 1,193,282 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Dollar General by 845.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,178,232 shares of the company’s stock worth $134,766,000 after acquiring an additional 1,053,555 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Dollar General Price Performance

NYSE:DG opened at $153.76 on Friday. The business’s 50-day simple moving average is $141.54 and its two-hundred day simple moving average is $118.48. Dollar General Corporation has a 52 week low of $70.01 and a 52 week high of $154.75. The stock has a market cap of $33.85 billion, a PE ratio of 26.56, a P/E/G ratio of 2.47 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 (NYSE:DG) last released its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.33. The firm had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, January 6th. Dollar General’s payout ratio is 40.76%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DG. Oppenheimer boosted their price objective on shares of Dollar General from $138.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. BMO Capital Markets lifted their target price on Dollar General from $115.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, December 5th. BNP Paribas Exane boosted their price target on Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Deutsche Bank Aktiengesellschaft upgraded Dollar General from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research report on Thursday, January 8th. Finally, Argus lifted their price objective on Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Fourteen analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $144.22.

Insider Transactions at Dollar General

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 value of $1,322,888.32. Following the sale, the executive vice president directly owned 22,295 shares in the company, valued at approximately $3,016,959.40. The trade was a 30.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Carman R. Wenkoff sold 19,166 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the transaction, the executive vice president directly owned 43,179 shares of the company’s stock, valued at $5,700,059.79. This trade represents a 30.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 58,673 shares of company stock valued at $7,713,389. 0.56% of the stock is owned by corporate insiders.

About Dollar General

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.