Northern Trust Corp Has $182.62 Million Stock Position in Dollar General Corporation $DG

Key Points

• Northern Trust Corp increased its stake in Dollar General by 2.6% during the first quarter, now owning over 2 million shares valued at approximately $182.6 million.
• Dollar General reported earnings per share (EPS) of $1.78 for the last quarter, exceeding analysts' predictions and reflecting a year-over-year revenue increase of 5.3%.
• The company announced a quarterly dividend of $0.59 per share, representing an annualized amount of $2.36 and a dividend yield of 2.1%.

Northern Trust Corp grew its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,076,851 shares of the company's stock after buying an additional 52,961 shares during the period. Northern Trust Corp owned 0.94% of Dollar General worth $182,618,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Ameriflex Group Inc. acquired a new position in Dollar General in the fourth quarter valued at $31,000. Mountain Hill Investment Partners Corp. lifted 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 in the last quarter. Golden State Wealth Management LLC increased its holdings in Dollar General by 170.1% in the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after buying an additional 342 shares during the last quarter. CVA Family Office LLC increased its holdings in Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after buying an additional 161 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in Dollar General in the fourth quarter valued at about $52,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Insider Transactions at Dollar General

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction dated 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 owned 41,646 shares in the company, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the executive vice president owned 46,563 shares in the company, valued at approximately $5,261,619. The trade was a 4.06% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Dollar General Trading Up 0.7%

DG traded up $0.75 during trading on Wednesday, reaching $111.25. 3,605,645 shares of the company's stock were exchanged, compared to its average volume of 2,841,975. The company's fifty day moving average price is $112.08 and its 200-day moving average price is $97.60. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $125.42. The firm has a market capitalization of $24.48 billion, a PE ratio of 21.23, a P/E/G ratio of 2.70 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $1.65 earnings per share. Dollar General has set its FY 2025 guidance at 5.200-5.800 EPS. As a group, equities analysts forecast 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. Stockholders of record on Tuesday, July 8th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, July 8th. Dollar General's dividend payout ratio is presently 45.04%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Dollar General from $85.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. KeyCorp restated a "sector weight" rating on shares of Dollar General in a research report on Wednesday, June 4th. Piper Sandler increased their price objective on Dollar General from $112.00 to $115.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Bank of America boosted their target price on shares of Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Oppenheimer raised shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 target price on the stock in a research note on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $108.80.

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.