Korea Investment CORP Has $13.43 Million Position in Dollar General Corporation $DG

Key Points

• Korea Investment CORP increased its holdings in Dollar General by 38.4%, owning 152,764 shares worth approximately $13.4 million at the end of the latest reporting period.
• Analyst ratings for Dollar General have varied, with some firms like Raymond James and UBS raising price targets to between $125 and $128, while Goldman Sachs downgraded the stock.
• The company reported earnings of $1.78 EPS for the last quarter, surpassing estimates and showing a year-over-year revenue growth of 5.3%.

Korea Investment CORP raised its holdings in Dollar General Corporation (NYSE:DG - Free Report) by 38.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 152,764 shares of the company's stock after buying an additional 42,408 shares during the quarter. Korea Investment CORP owned 0.07% of Dollar General worth $13,433,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new stake in Dollar General in the 4th quarter valued at approximately $31,000. Mountain Hill Investment Partners Corp. lifted its position in shares of Dollar General by 66.7% in the 1st 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 lifted its position in shares of Dollar General by 170.1% in the 1st 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 lifted its position in shares of Dollar General by 39.4% in 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. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Dollar General in the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Price Performance

DG traded up $0.0670 during trading on Monday, hitting $112.4670. The company's stock had a trading volume of 2,806,100 shares, compared to its average volume of 3,736,787. The firm's 50 day moving average price is $112.18 and its two-hundred day moving average price is $97.13. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $125.42. The stock has a market capitalization of $24.75 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 2.75 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last released its 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. The company had revenue of $10.44 billion during the quarter, compared to analysts' expectations of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%.The business's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the firm earned $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 Announces Dividend

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

Wall Street Analyst Weigh In

DG has been the subject of a number of research reports. Bank of America raised their price objective on Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Citigroup raised their price objective on Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Gordon Haskett upgraded Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday, June 3rd. Barclays raised their price objective on Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, The Goldman Sachs Group downgraded Dollar General from a "buy" rating to a "neutral" rating and raised their target price for the stock from $115.00 to $116.00 in a research report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat.com, Dollar General has a consensus rating of "Hold" and a consensus target price of $108.80.

Insider Activity

In other news, EVP Kathleen A. Reardon sold 6,438 shares of the company's 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 completion of the transaction, the executive vice president directly owned 41,646 shares of the company's stock, valued at $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was 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 represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

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.