Baird Financial Group Inc. Decreases Stock Position in Dollar General Corporation $DG

Key Points

• Baird Financial Group Inc. reduced its stock position in Dollar General Corporation by 20.4%, resulting in ownership of 15,148 shares worth approximately $1.33 million as of its latest SEC filing.
• Several institutional investors have increased their stakes in Dollar General, with Larson Financial Group LLC boosting its holdings by an astounding 384.3% during the first quarter.
• The company recently reported earnings that exceeded analyst expectations, with a quarterly EPS of $1.86, beating estimates of $1.56, and announced a quarterly dividend of $0.59 per share, representing a 2.2% dividend yield.

Baird Financial Group Inc. lowered its stake in Dollar General Corporation (NYSE:DG - Free Report) by 20.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,148 shares of the company's stock after selling 3,880 shares during the period. Baird Financial Group Inc.'s holdings in Dollar General were worth $1,332,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Ameriflex Group Inc. purchased a new position in shares of Dollar General in the fourth quarter worth about $31,000. Mountain Hill Investment Partners Corp. increased its holdings in shares of Dollar General by 66.7% in the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after buying an additional 200 shares during the period. Golden State Wealth Management LLC increased its stake in shares of Dollar General by 170.1% in the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after buying an additional 342 shares during the period. CVA Family Office LLC increased its stake in shares of Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after buying an additional 161 shares during the period. Finally, Larson Financial Group LLC increased its stake in shares of Dollar General by 384.3% in the first quarter. Larson Financial Group LLC now owns 615 shares of the company's stock worth $54,000 after buying an additional 488 shares during the period. Hedge funds and other institutional investors own 91.77% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on DG. Raymond James Financial lifted their target price on shares of Dollar General from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. JPMorgan Chase & Co. lifted their target price on shares of Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Bank of America lifted their target price on shares of Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group downgraded shares of Dollar General from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $115.00 to $116.00 in a research note on Tuesday, June 24th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $125.00 target price on shares of Dollar General in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fifteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $112.92.

Insiders Place Their Bets

In other news, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction 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 sale, the executive vice president owned 41,646 shares in the company, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction dated 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 position. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Dollar General Stock Performance

Shares of DG stock opened at $108.67 on Tuesday. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The stock has a market cap of $23.92 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.31 and a beta of 0.29. 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 company's fifty day moving average price is $111.47 and its 200-day moving average price is $99.89.

Dollar General (NYSE:DG - Get Free Report) last announced 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. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The firm had revenue of $10.73 billion for the quarter, compared to analysts' expectations of $10.68 billion. During the same quarter in the previous year, the business posted $1.70 EPS. The company's quarterly revenue was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, equities analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

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

Dollar General 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.

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