Dimensional Fund Advisors LP Has $159.34 Million Holdings in Dollar General Corporation $DG

Key Points

• Dimensional Fund Advisors LP increased its stake in Dollar General by 1.4% in Q1, now holding approximately 1.81 million shares valued at $159.34 million.
• Dollar General revealed a Q1 EPS of $1.78, surpassing estimates by $0.32, alongside a 5.3% year-over-year revenue growth to $10.44 billion.
• The company also announced a quarterly dividend of $0.59, reflecting an annualized yield of 2.1%, with a payout ratio of 45.04%.

Dimensional Fund Advisors LP raised its position in Dollar General Corporation (NYSE:DG - Free Report) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,812,528 shares of the company's stock after purchasing an additional 25,192 shares during the period. Dimensional Fund Advisors LP owned approximately 0.82% of Dollar General worth $159,339,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DG. Studio Investment Management LLC raised its stake in Dollar General by 16.4% during the 4th quarter. Studio Investment Management LLC now owns 989 shares of the company's stock worth $75,000 after buying an additional 139 shares during the period. Eagle Rock Investment Company LLC raised its position in shares of Dollar General by 0.5% during the first quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock worth $2,548,000 after purchasing an additional 156 shares during the period. CVA Family Office LLC increased its stake in 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 purchasing an additional 161 shares in the last quarter. Allworth Financial LP raised its holdings in 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 buying an additional 164 shares during the period. Finally, Bogart Wealth LLC lifted its stake in Dollar General by 37.6% in the first quarter. Bogart Wealth LLC now owns 674 shares of the company's stock valued at $59,000 after buying an additional 184 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DG has been the subject of a number of research reports. Telsey Advisory Group reiterated a "market perform" rating and set a $120.00 target price on shares of Dollar General in a report on Thursday. Truist Financial increased their price objective on Dollar General from $112.00 to $119.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. Bank of America lifted their target price on Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Citigroup upped their price target on Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company lifted their price objective on shares of Dollar General from $80.00 to $105.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat, Dollar General presently has a consensus rating of "Hold" and a consensus target price of $108.80.

Dollar General Stock Performance

NYSE DG traded up $0.0670 during trading on Monday, reaching $112.4670. 2,806,100 shares of the company's stock were exchanged, compared to its average volume of 2,804,154. 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 price of $112.16 and a 200-day moving average price of $97.41. The stock has a market capitalization of $24.75 billion, a P/E ratio of 21.46, a PEG ratio of 2.75 and a beta of 0.31. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $125.42.

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

Dollar General Dividend Announcement

The business also recently disclosed 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 dividend yield of 2.1%. The ex-dividend date was Tuesday, July 8th. Dollar General's payout ratio is currently 45.04%.

Insider Activity

In other 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were 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. This trade represents a 4.06% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

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.