Bayforest Capital Ltd raised its position in Dollar General Corporation (NYSE:DG - Free Report) by 389.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,551 shares of the company's stock after purchasing an additional 4,418 shares during the quarter. Bayforest Capital Ltd's holdings in Dollar General were worth $488,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of Dollar General by 18.1% during the 4th quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company's stock worth $8,137,000 after purchasing an additional 16,453 shares during the last quarter. Ethic Inc. raised its holdings in Dollar General by 21.4% in the 4th quarter. Ethic Inc. now owns 13,569 shares of the company's stock valued at $1,029,000 after acquiring an additional 2,392 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Dollar General by 16.4% in the 4th quarter. Focus Partners Wealth now owns 5,136 shares of the company's stock worth $389,000 after acquiring an additional 725 shares during the period. Gotham Asset Management LLC boosted its stake in Dollar General by 3.8% during the fourth quarter. Gotham Asset Management LLC now owns 76,518 shares of the company's stock worth $5,802,000 after buying an additional 2,779 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in Dollar General in the fourth quarter valued at about $1,349,000. 91.77% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total value of $222,497.00. Following the transaction, the executive vice president directly owned 46,563 shares of the company's stock, valued at $5,261,619. This trade represents a 4.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $4,646,027.76. This trade represents a 13.39% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Bank of America lifted their price objective on Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Raymond James Financial upped 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. Morgan Stanley boosted their target price on Dollar General from $115.00 to $125.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Gordon Haskett raised shares of Dollar General from a "reduce" rating to an "accumulate" rating in a research note on Tuesday, June 3rd. Finally, Barclays increased their target price on shares of Dollar General from $119.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $112.92.
View Our Latest Stock Analysis on Dollar General
Dollar General Trading Down 3.8%
Shares of NYSE:DG opened at $104.59 on Wednesday. The company has a 50-day simple moving average of $111.25 and a 200 day simple moving average of $99.92. The company has a market capitalization of $23.02 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 2.29 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. 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 posted its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The business had revenue of $10.73 billion for the quarter, compared to analysts' expectations of $10.68 billion. During the same quarter in the prior year, the business earned $1.70 EPS. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Sell-side analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current year.
Dollar General Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be given a dividend of $0.59 per share. 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 is presently 43.70%.
Dollar General Company Profile
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Free Report)
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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