American Century Companies Inc. Lowers Position in Dollar General Corporation $DG

Key Points

• American Century Companies Inc. reduced its stake in Dollar General Corporation by 66.5%, selling 186,428 shares to hold 93,847 shares valued at approximately $8.25 million.
• Institutional investors hold 91.77% of Dollar General's stock, with various firms increasing their positions, indicating strong institutional interest.
• Dollar General recently reported quarterly earnings of $1.78 EPS and total revenue of $10.44 billion, surpassing analysts' expectations, while also announcing a dividend of $0.59 per share.

American Century Companies Inc. reduced its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 66.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,847 shares of the company's stock after selling 186,428 shares during the period. American Century Companies Inc.'s holdings in Dollar General were worth $8,252,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sowell Financial Services LLC purchased a new position in Dollar General during the 1st quarter valued at about $280,000. Robeco Institutional Asset Management B.V. lifted its position in Dollar General by 4.2% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company's stock valued at $2,424,000 after acquiring an additional 1,102 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Dollar General by 74.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company's stock valued at $921,000 after acquiring an additional 5,171 shares during the period. Ameriprise Financial Inc. lifted its position in Dollar General by 18.1% during the 4th quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company's stock valued at $8,137,000 after acquiring an additional 16,453 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Dollar General by 48.9% during the 1st quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company's stock valued at $288,000 after acquiring an additional 1,081 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Performance

NYSE DG traded down $2.96 during trading hours on Monday, hitting $108.75. 4,580,211 shares of the company's stock traded hands, compared to its average volume of 3,104,731. The business's fifty day moving average price is $112.02 and its two-hundred day moving average price is $98.44. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $23.94 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.22 and a beta of 0.29. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.30. The company had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 annualized dividend and a yield of 2.2%. Dollar General's payout ratio is currently 43.70%.

Insider Activity at Dollar General

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

Wall Street Analysts Forecast Growth

DG has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Bank of America raised their price objective on shares of Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. KeyCorp restated a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. Wells Fargo & Company raised their price objective on shares of Dollar General from $105.00 to $115.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, Jefferies Financial Group restated a "buy" rating on shares of Dollar General in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $112.79.

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.