Price T Rowe Associates Inc. MD Sells 3,395,608 Shares of Dollar General Corporation $DG

Key Points

• Price T Rowe Associates Inc. has significantly reduced its stake in Dollar General by 67.8% during the first quarter, owning 1,614,437 shares after selling over 3.3 million shares.
• Several institutional investors are increasing their holdings in Dollar General, with Credit Agricole S A growing its stake by 30.3% and Banco Bilbao Vizcaya Argentaria S.A. boosting by 24.9%.
• Dollar General's stock performance remains strong, with an earnings report showing $1.78 EPS for the quarter, exceeding estimates, and a quarterly dividend yield of 2.1%.

Price T Rowe Associates Inc. MD lowered its stake in Dollar General Corporation (NYSE:DG - Free Report) by 67.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,614,437 shares of the company's stock after selling 3,395,608 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.73% of Dollar General worth $141,959,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Credit Agricole S A lifted its holdings in Dollar General by 30.3% in the 1st quarter. Credit Agricole S A now owns 78,075 shares of the company's stock valued at $6,865,000 after acquiring an additional 18,134 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in Dollar General by 24.9% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 49,023 shares of the company's stock valued at $4,306,000 after acquiring an additional 9,778 shares during the last quarter. Groupama Asset Managment lifted its holdings in Dollar General by 8.9% in the 1st quarter. Groupama Asset Managment now owns 20,533 shares of the company's stock valued at $1,768,000 after acquiring an additional 1,676 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Dollar General by 50.4% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,511 shares of the company's stock valued at $836,000 after acquiring an additional 3,189 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in Dollar General by 24.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 377,257 shares of the company's stock valued at $33,172,000 after acquiring an additional 74,592 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Cfra Research raised shares of Dollar General to a "hold" rating in a report on Tuesday, June 3rd. Bank of America upped their price target on shares of Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Raymond James Financial upped their price target on shares of Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Gordon Haskett raised shares of Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. Finally, Loop Capital upped their price target on shares of Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and sixteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $108.80.

Dollar General Trading Up 0.7%

DG stock traded up $0.75 during mid-day trading on Wednesday, reaching $111.25. 3,605,645 shares of the stock traded hands, compared to its average volume of 2,841,975. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $125.42. The company has a market cap of $24.48 billion, a P/E ratio of 21.23, a P/E/G ratio of 2.70 and a beta of 0.31. The stock's fifty day moving average is $112.08 and its 200-day moving average is $97.60.

Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. The company had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%.The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 EPS. Dollar General has set its FY 2025 guidance at 5.200-5.800 EPS. As a group, sell-side analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm 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. The ex-dividend date 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 currently 45.04%.

Insider Transactions at Dollar General

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 value of $718,223.28. Following the transaction, the executive vice president owned 41,646 shares in the company, valued at $4,646,027.76. This represents a 13.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction dated 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 transaction, the executive vice president owned 46,563 shares in the company, valued at $5,261,619. This represents a 4.06% 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.