Amundi Increases Holdings in Dollar General Corporation $DG

Key Points

• Amundi significantly increased its stake in Dollar General Corporation by 181.5% in the first quarter, owning 734,248 shares valued at approximately $69.32 million.
• Analysts have set new price targets for Dollar General, with Wells Fargo raising its target from $105 to $115 and Guggenheim maintaining a buy rating with a target of $125.
• A quarterly dividend of $0.59 per share was recently declared by Dollar General, with an ex-dividend date of October 7th, reflecting a dividend yield of 2.2%.

Amundi increased its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 181.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 734,248 shares of the company's stock after acquiring an additional 473,451 shares during the quarter. Amundi owned approximately 0.33% of Dollar General worth $69,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in Dollar General by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock worth $2,324,271,000 after acquiring an additional 1,201,917 shares during the last quarter. Pzena Investment Management LLC grew its position in Dollar General by 8.5% during the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock worth $1,122,914,000 after acquiring an additional 1,003,206 shares during the last quarter. ACR Alpine Capital Research LLC grew its position in Dollar General by 3.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company's stock worth $369,081,000 after acquiring an additional 155,966 shares during the last quarter. Invesco Ltd. grew its position in Dollar General by 2.6% during the 1st quarter. Invesco Ltd. now owns 3,469,568 shares of the company's stock worth $305,079,000 after acquiring an additional 89,067 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in Dollar General by 323.1% during the 4th quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock worth $178,491,000 after acquiring an additional 1,797,776 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DG. Oppenheimer upgraded Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price objective on the stock in a research report on Wednesday, June 4th. Barclays lifted their price objective on Dollar General from $119.00 to $127.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Raymond James Financial lifted their price objective on Dollar General from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Wells Fargo & Company lifted their price objective on Dollar General from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. lifted their price objective on Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $112.92.

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 on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the transaction, the executive vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by insiders.

Dollar General Stock Down 1.0%

Shares of DG traded down $1.07 on Friday, reaching $104.32. The stock had a trading volume of 2,557,185 shares, compared to its average volume of 3,056,586. The firm has a market capitalization of $22.96 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 2.22 and a beta of 0.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. The company has a 50-day simple moving average of $110.69 and a 200-day simple moving average of $100.32. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95.

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

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, October 7th. Dollar General's dividend payout ratio (DPR) is presently 43.70%.

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.