Dollar General Corporation $DG Shares Sold by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its stake in Dollar General by 2.3%, owning 117,900 shares valued at approximately $9.6 million as of the latest SEC filing.
• Dollar General reported $1.78 EPS for the last quarter, exceeding analysts' expectations by $0.32, and the company had quarterly revenue of $10.44 billion.
• The firm declared a quarterly dividend of $0.59 per share, resulting in an annualized yield of 2.1% with a dividend payout ratio of 45.04%.

APG Asset Management N.V. lowered its stake in Dollar General Corporation (NYSE:DG - Free Report) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117,900 shares of the company's stock after selling 2,800 shares during the quarter. APG Asset Management N.V. owned about 0.05% of Dollar General worth $9,597,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in Dollar General by 3.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 11,191 shares of the company's stock valued at $984,000 after buying an additional 353 shares during the last quarter. Haverford Trust Co lifted its position in Dollar General by 17.0% in the first quarter. Haverford Trust Co now owns 4,126 shares of the company's stock valued at $363,000 after buying an additional 598 shares during the last quarter. Allstate Corp lifted its position in Dollar General by 26.8% in the first quarter. Allstate Corp now owns 8,254 shares of the company's stock valued at $726,000 after buying an additional 1,744 shares during the last quarter. Kestra Advisory Services LLC lifted its position in Dollar General by 61.2% in the first quarter. Kestra Advisory Services LLC now owns 57,498 shares of the company's stock valued at $5,056,000 after buying an additional 21,837 shares during the last quarter. Finally, Norinchukin Bank The lifted its position in Dollar General by 10.1% in the first quarter. Norinchukin Bank The now owns 8,539 shares of the company's stock valued at $751,000 after buying an additional 782 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Buying and Selling at Dollar General

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction on 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 sale, the executive vice president directly owned 41,646 shares of the company's stock, valued at $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the sale, the executive vice president directly owned 46,563 shares of the company's stock, valued at approximately $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Dollar General Stock Up 0.5%

Dollar General stock traded up $0.60 during mid-day trading on Thursday, hitting $111.80. The company had a trading volume of 7,419,688 shares, compared to its average volume of 2,872,020. The stock has a market cap of $24.60 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 2.72 and a beta of 0.31. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. The business has a fifty day moving average of $112.07 and a 200 day moving average of $97.86.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.30. The business had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, sell-side analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.1%. Dollar General's dividend payout ratio is presently 45.04%.

Analyst Ratings Changes

A number of research analysts have commented on DG shares. Loop Capital upped their target price on shares of Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a research report on Thursday, July 10th. The Goldman Sachs Group cut shares of Dollar General from a "buy" rating to a "neutral" rating and increased their price target for the stock from $115.00 to $116.00 in a research report on Tuesday, June 24th. Truist Financial increased their price target on shares of Dollar General from $112.00 to $119.00 and gave the stock a "hold" rating in a research report on Wednesday, August 13th. Barclays increased their price target on shares of Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Cfra Research raised shares of Dollar General to a "hold" rating in a research report on Tuesday, June 3rd. One 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. Based on data from MarketBeat.com, Dollar General has a consensus rating of "Hold" and a consensus price target 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.