Adage Capital Partners GP L.L.C. Sells 184,500 Shares of Dollar General Corporation $DG

Adage Capital Partners GP L.L.C. reduced its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 89.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,000 shares of the company's stock after selling 184,500 shares during the quarter. Adage Capital Partners GP L.L.C.'s holdings in Dollar General were worth $1,847,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriflex Group Inc. bought a new stake in Dollar General during the 4th quarter valued at about $31,000. Mountain Hill Investment Partners Corp. grew its stake 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 acquiring an additional 200 shares during the period. Golden State Wealth Management LLC grew 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 acquiring an additional 342 shares during the period. CVA Family Office LLC grew 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 acquiring an additional 161 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Dollar General in the fourth quarter worth approximately $52,000. 91.77% of the stock is currently owned by institutional investors.

Insider Activity at Dollar General

In other news, EVP Emily C. Taylor sold 1,969 shares of the business'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 transaction, the executive vice president owned 46,563 shares of the company's stock, valued at approximately $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

DG has been the subject of a number of research analyst reports. Loop Capital lifted their price target on shares of Dollar General from $110.00 to $120.00 and gave the stock a "hold" rating in a research note on Thursday, July 10th. Citigroup lifted their price target on shares of Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Truist Financial lifted their price target on shares of Dollar General from $119.00 to $120.00 and gave the stock a "hold" rating in a research note on Friday, August 29th. Barclays boosted their target price on shares of Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Finally, Cfra Research upgraded shares of Dollar General to a "hold" rating in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fifteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $112.92.

Dollar General Price Performance

Shares of DG stock traded down $1.07 during mid-day trading on Friday, hitting $104.32. The company had a trading volume of 2,557,185 shares, compared to its average volume of 3,056,586. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $117.95. The stock's 50 day moving average price is $110.69 and its 200-day moving average price is $100.51. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The company has a market capitalization of $22.96 billion, a P/E ratio of 19.32, a P/E/G ratio of 2.22 and a beta of 0.29.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $10.68 billion. During the same quarter in the previous year, the firm earned $1.70 earnings per share. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business 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 $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General's payout ratio is 43.70%.

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.