Rafferty Asset Management LLC Sells 5,000 Shares of Dollar General Corporation $DG

Key Points

• Rafferty Asset Management LLC reduced its stake in Dollar General Corporation by 20.6%, selling 5,000 shares and now holding 19,285 shares valued at approximately $1.7 million.
• A range of institutional investors increased their positions in Dollar General, with Schwerin Boyle Capital Management growing its stake by 131.5%, now owning 85,201 shares worth $7.49 million.
• Dollar General announced a quarterly dividend of $0.59 per share, set for payment on October 21st, which translates to an annualized dividend of $2.36 and a yield of 2.2%.

Rafferty Asset Management LLC lessened its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 20.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,285 shares of the company's stock after selling 5,000 shares during the quarter. Rafferty Asset Management LLC's holdings in Dollar General were worth $1,696,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DG. Kovitz Investment Group Partners LLC purchased a new stake in shares of Dollar General during the 4th quarter valued at about $208,000. AQR Capital Management LLC boosted its holdings in shares of Dollar General by 268.5% during the 4th quarter. AQR Capital Management LLC now owns 185,765 shares of the company's stock valued at $14,085,000 after acquiring an additional 135,356 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Dollar General by 102.3% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 109,020 shares of the company's stock valued at $8,266,000 after acquiring an additional 55,120 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Dollar General by 30.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,460 shares of the company's stock valued at $717,000 after acquiring an additional 2,213 shares during the last quarter. Finally, AXA S.A. boosted its holdings in shares of Dollar General by 92.7% in the fourth quarter. AXA S.A. now owns 46,422 shares of the company's stock worth $3,520,000 after buying an additional 22,327 shares during the last quarter. Hedge funds and other institutional investors 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 business's stock in a transaction 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 sale, the executive vice president owned 41,646 shares in the company, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction 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 sale, 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. Insiders own 0.56% of the company's stock.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of research reports. Evercore ISI raised their price objective on shares of Dollar General from $118.00 to $120.00 and gave the stock an "in-line" rating in a report on Tuesday, August 12th. The Goldman Sachs Group downgraded shares of Dollar General from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $115.00 to $116.00 in a report on Tuesday, June 24th. Telsey Advisory Group set a $123.00 price objective on shares of Dollar General in a report on Friday, August 29th. JPMorgan Chase & Co. raised their price objective on shares of Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Finally, Piper Sandler raised their price objective on shares of Dollar General from $115.00 to $117.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $112.92.

Dollar General Stock Performance

NYSE DG traded up $0.77 on Friday, reaching $109.21. 1,310,655 shares of the stock were exchanged, compared to its average volume of 3,723,495. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95. The firm has a market capitalization of $24.04 billion, a PE ratio of 20.24, a PEG ratio of 2.32 and a beta of 0.29. The company's 50-day simple moving average is $111.69 and its two-hundred day simple moving average is $99.10. 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 (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.30. The firm had revenue of $10.73 billion for the quarter, compared to analysts' expectations of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, October 7th. Dollar General's payout ratio is currently 43.70%.

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.