Dollar General Corporation $DG Shares Purchased by Baupost Group LLC MA

Key Points

• Baupost Group LLC MA increased its holdings in Dollar General Corporation by 2.1% during the first quarter, owning approximately 2.1 million shares valued at $185.08 million.
• Dollar General reported earnings of $1.78 per share for the latest quarter, surpassing analyst expectations, with quarterly revenue increasing by 5.3% year-over-year to $10.44 billion.
• The company also announced a quarterly dividend of $0.59 per share, which was paid to shareholders on July 22nd, representing an annualized yield of 2.1%.

Baupost Group LLC MA raised its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,104,876 shares of the company's stock after buying an additional 44,076 shares during the period. Dollar General comprises approximately 5.3% of Baupost Group LLC MA's investment portfolio, making the stock its 9th biggest position. Baupost Group LLC MA owned 0.96% of Dollar General worth $185,082,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sowell Financial Services LLC purchased a new position in shares of Dollar General during the first quarter valued at approximately $280,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Dollar General by 4.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company's stock valued at $2,424,000 after purchasing an additional 1,102 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Dollar General by 74.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company's stock valued at $921,000 after purchasing an additional 5,171 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Dollar General by 18.1% in the fourth quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company's stock valued at $8,137,000 after purchasing an additional 16,453 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Dollar General by 48.9% in the first quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company's stock valued at $288,000 after purchasing an additional 1,081 shares during the period. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Stock Performance

Shares of NYSE DG traded up $0.75 during mid-day trading on Wednesday, hitting $111.25. The stock had a trading volume of 3,605,645 shares, compared to its average volume of 2,841,975. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. The company has a 50 day moving average of $112.10 and a two-hundred day moving average of $97.50. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $125.42. The firm has a market cap of $24.48 billion, a PE ratio of 21.23, a PEG ratio of 2.70 and a beta of 0.31.

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

Dollar General Announces Dividend

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

Insider Buying and Selling at Dollar General

In other Dollar General news, 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 value of $222,497.00. Following the sale, the executive vice president directly owned 46,563 shares of the company's stock, valued at approximately $5,261,619. This represents a 4.06% 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 Kathleen A. Reardon sold 6,438 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction of $718,223.28. Following the sale, the executive vice president directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. The trade was a 13.39% 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 Ratings Changes

A number of brokerages recently issued reports on DG. Sanford C. Bernstein set a $120.00 price target on Dollar General in a report on Friday, May 23rd. Loop Capital boosted their price target on Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a report on Thursday, July 10th. Raymond James Financial boosted their price target on Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Cfra Research upgraded Dollar General to a "hold" rating in a report on Tuesday, June 3rd. Finally, UBS Group boosted their price objective on shares of Dollar General from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. 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 company. According to data from MarketBeat.com, Dollar General has an average rating of "Hold" and a consensus price target of $108.80.

About Dollar General

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.