Schwerin Boyle Capital Management Inc. Grows Stock Holdings in Dollar General Corporation $DG

Key Points

• Schwerin Boyle Capital Management Inc. significantly increased its stake in Dollar General Corporation by 131.5%, adding an additional 48,401 shares to hold a total of 85,201 shares valued at approximately $7.49 million.
• Other hedge funds have also made notable increases in their positions, with Pacer Advisors Inc. expanding its stake by 5,440.2%, now owning over 1.58 million shares valued at about $139.15 million.
• Dollar General recently declared a quarterly dividend of $0.59 per share, resulting in an annualized yield of 2.1% and a payout ratio of 45.04%.

Schwerin Boyle Capital Management Inc. boosted its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 131.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 85,201 shares of the company's stock after acquiring an additional 48,401 shares during the quarter. Schwerin Boyle Capital Management Inc.'s holdings in Dollar General were worth $7,492,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Dollar General by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock worth $2,324,271,000 after acquiring an additional 1,201,917 shares during the period. Pzena Investment Management LLC lifted its position in Dollar General by 8.5% during the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock worth $1,122,914,000 after acquiring an additional 1,003,206 shares during the period. ACR Alpine Capital Research LLC lifted its position in Dollar General by 3.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company's stock worth $369,081,000 after acquiring an additional 155,966 shares during the period. Invesco Ltd. lifted its holdings in shares of Dollar General by 2.6% in the 1st quarter. Invesco Ltd. now owns 3,469,568 shares of the company's stock valued at $305,079,000 after buying an additional 89,067 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in shares of Dollar General by 323.1% in the 4th quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock valued at $178,491,000 after buying an additional 1,797,776 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup boosted their price objective on Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Wells Fargo & Company boosted their price objective on Dollar General from $80.00 to $105.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Evercore ISI boosted their price objective on Dollar General from $118.00 to $120.00 and gave the company an "in-line" rating in a report on Tuesday, August 12th. Loop Capital boosted their price objective on Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a report on Thursday, July 10th. Finally, Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and sixteen have given a Hold rating to the company's stock. According to MarketBeat, Dollar General has an average rating of "Hold" and an average price target of $108.80.

Dollar General Price Performance

NYSE DG traded up $0.75 during trading hours on Wednesday, reaching $111.25. The company's stock had a trading volume of 3,605,645 shares, compared to its average volume of 2,841,975. The firm has a market capitalization of $24.48 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 2.70 and a beta of 0.31. Dollar General Corporation has a 1-year low of $66.43 and a 1-year 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 company's 50-day moving average is $112.08 and its two-hundred day moving average is $97.60.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates 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%.Dollar General's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 EPS. Dollar General has set its FY 2025 guidance at 5.200-5.800 EPS. On average, equities analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company 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 of this dividend was Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.1%. Dollar General's dividend payout ratio is presently 45.04%.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was 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 of the company's stock, valued at $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the transaction, the executive vice president directly owned 41,646 shares of the company's stock, valued at $4,646,027.76. The trade was a 13.39% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

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.