BI Asset Management Fondsmaeglerselskab A S Raises Stock Position in Dollar General Corporation $DG

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in Dollar General Corporation by 50.4%, acquiring a total of 9,511 shares valued at $836,000.
• Dollar General's latest earnings report revealed an EPS of $1.78, exceeding estimates and marking a 5.3% increase in quarterly revenue year-over-year.
• The company recently announced a quarterly dividend of $0.59, resulting in an annualized dividend yield of 2.1% and a payout ratio of 45.04%.

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 50.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 9,511 shares of the company's stock after buying an additional 3,189 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Dollar General were worth $836,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Studio Investment Management LLC boosted its holdings in Dollar General by 16.4% in the 4th quarter. Studio Investment Management LLC now owns 989 shares of the company's stock valued at $75,000 after purchasing an additional 139 shares during the period. Eagle Rock Investment Company LLC lifted its holdings in shares of Dollar General by 0.5% during the 1st quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock worth $2,548,000 after acquiring an additional 156 shares during the period. CVA Family Office LLC lifted its holdings in shares of Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after acquiring an additional 161 shares during the period. Allworth Financial LP lifted its holdings in shares of Dollar General by 12.1% during the 1st quarter. Allworth Financial LP now owns 1,519 shares of the company's stock worth $142,000 after acquiring an additional 164 shares during the period. Finally, Bogart Wealth LLC lifted its holdings in shares of Dollar General by 37.6% during the 1st quarter. Bogart Wealth LLC now owns 674 shares of the company's stock worth $59,000 after acquiring an additional 184 shares during the period. Institutional investors own 91.77% of the company's stock.

Dollar General Trading Up 0.7%

Shares of DG traded up $0.73 during trading hours on Wednesday, hitting $111.23. 2,058,946 shares of the stock were exchanged, compared to its average volume of 3,718,467. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $125.42. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20. The business has a 50-day moving average of $112.10 and a 200-day moving average of $97.50. The firm has a market capitalization of $24.48 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 2.75 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $10.25 billion. During the same period in the prior year, the company posted $1.65 earnings per share. Dollar General's revenue for the quarter was up 5.3% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.200-5.800 EPS. On average, research analysts expect 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 was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were issued a $0.59 dividend. The ex-dividend date was Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.1%. Dollar General's dividend payout ratio is currently 45.04%.

Insider Activity

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $111.56, for a total transaction of $718,223.28. Following the completion of the sale, the executive vice president owned 41,646 shares in the company, valued at approximately $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Emily C. Taylor sold 1,969 shares of the firm'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 sale, the executive vice president 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 disclosure for this sale can be found here. Corporate insiders own 0.56% of the company's stock.

Wall Street Analyst Weigh In

DG has been the subject of a number of recent analyst reports. Cfra Research raised shares of Dollar General to a "hold" rating in a report on Tuesday, June 3rd. Piper Sandler upped their price target on shares of Dollar General from $112.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Raymond James Financial upped their price target on shares of Dollar General from $100.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Truist Financial upped their price objective on shares of Dollar General from $112.00 to $119.00 and gave the stock a "hold" rating in a research report on Wednesday, August 13th. Finally, The Goldman Sachs Group cut shares of Dollar General from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $115.00 to $116.00 in a research report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $108.80.

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.