Dollar General Corporation $DG Shares Purchased by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its stake in Dollar General by 10.5%, owning approximately $26.2 million in shares after purchasing an additional 28,225 shares during the first quarter.
• Analysts are bullish on Dollar General, with Barclays raising its price target to $127, while UBS increased theirs to $135, but Goldman Sachs downgraded it to a "neutral" rating.
• Dollar General recently declared a quarterly dividend of $0.59 per share, with a 2.3% dividend yield, set to be paid on October 21st.

Alliancebernstein L.P. raised its position in Dollar General Corporation (NYSE:DG - Free Report) by 10.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 298,230 shares of the company's stock after purchasing an additional 28,225 shares during the quarter. Alliancebernstein L.P. owned 0.14% of Dollar General worth $26,223,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Amundi grew its stake in shares of Dollar General by 181.5% during the first quarter. Amundi now owns 734,248 shares of the company's stock valued at $69,320,000 after buying an additional 473,451 shares during the last quarter. Ancora Advisors LLC grew its position in Dollar General by 1.7% in the 1st quarter. Ancora Advisors LLC now owns 7,258 shares of the company's stock valued at $638,000 after acquiring an additional 122 shares during the last quarter. Chiron Capital Management LLC increased its stake in Dollar General by 66.6% in the first quarter. Chiron Capital Management LLC now owns 11,504 shares of the company's stock worth $1,012,000 after purchasing an additional 4,600 shares during the period. EP Wealth Advisors LLC purchased a new stake in Dollar General in the first quarter worth $480,000. Finally, PDT Partners LLC bought a new stake in shares of Dollar General during the first quarter worth $607,000. Institutional investors own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DG shares. KeyCorp restated a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Piper Sandler upped their target price on shares of Dollar General from $115.00 to $117.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Oppenheimer raised shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price target for the company in a research note on Wednesday, June 4th. Gordon Haskett upgraded Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. Finally, Sanford C. Bernstein raised their price objective on Dollar General from $122.00 to $134.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $112.92.

Dollar General Stock Down 1.0%

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

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.30. The company had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, October 7th. Dollar General's payout ratio is 43.70%.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 46,563 shares in the company, valued at $5,261,619. This trade 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 at the SEC website. 0.56% of the stock is owned by 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.