Aberdeen Group plc Boosts Stake in Dollar General Corporation $DG

Key Points

• Aberdeen Group plc has increased its holdings in Dollar General Corporation by 100% during the 1st quarter, now owning approximately $12.17 million in stock.
• Several institutional investors significantly boosted their positions in Dollar General, with Pacer Advisors Inc. increasing their ownership by an astounding 5,440.2% in the 1st quarter.
• Dollar General recently declared a quarterly dividend of $0.59 per share, representing an annualized yield of 2.1%.

Aberdeen Group plc increased its stake in Dollar General Corporation (NYSE:DG - Free Report) by 100.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 139,284 shares of the company's stock after purchasing an additional 69,642 shares during the quarter. Aberdeen Group plc owned approximately 0.06% of Dollar General worth $12,173,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Studio Investment Management LLC raised its holdings in Dollar General by 16.4% in the 4th quarter. Studio Investment Management LLC now owns 989 shares of the company's stock worth $75,000 after purchasing an additional 139 shares during the period. Eagle Rock Investment Company LLC increased its stake in Dollar General by 0.5% in the 1st quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock worth $2,548,000 after buying an additional 156 shares in the last quarter. CVA Family Office LLC increased its stake in Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after buying an additional 161 shares in the last quarter. Allworth Financial LP increased its stake in Dollar General by 12.1% in the 1st quarter. Allworth Financial LP now owns 1,519 shares of the company's stock worth $142,000 after buying an additional 164 shares in the last quarter. Finally, Bogart Wealth LLC increased its stake in Dollar General by 37.6% in the 1st quarter. Bogart Wealth LLC now owns 674 shares of the company's stock worth $59,000 after buying an additional 184 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Down 0.1%

Shares of DG stock traded down $0.08 during trading hours on Friday, reaching $112.41. 2,428,501 shares of the company's stock were exchanged, compared to its average volume of 2,762,915. The stock's 50 day moving average is $112.18 and its 200-day moving average is $96.80. The company has a market cap of $24.74 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 2.75 and a beta of 0.31. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $125.42.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.65 earnings per share. Dollar General has set its FY 2025 guidance at 5.200-5.800 EPS. Analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.1%. Dollar General's payout ratio is 45.04%.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the sale, the executive vice president directly owned 41,646 shares of the company's stock, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the sale, the executive vice president directly owned 46,563 shares in the company, valued at approximately $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DG has been the subject of a number of analyst reports. Bank of America increased their price target on Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. increased their price target on Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. UBS Group raised their price objective on Dollar General from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Cfra Research upgraded Dollar General to a "hold" rating in a research report on Tuesday, June 3rd. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Dollar General in a research report on Tuesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat, Dollar General presently has a consensus rating of "Hold" and a consensus target price of $108.80.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.