Caisse DE Depot ET Placement DU Quebec Increases Stock Position in Dollar General Corporation $DG

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Dollar General Corporation by 66.3% in Q1, now owning about $15.94 million worth of shares.
• Dollar General recently announced a quarterly dividend of $0.59 per share, giving an annualized payout of $2.36 with a dividend yield of 2.1%.
• Analysts have mixed ratings for Dollar General, with upgrades from Oppenheimer and Guggenheim, but a downgrade from Goldman Sachs, reflecting varied market outlooks.

Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 66.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,330 shares of the company's stock after buying an additional 72,310 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.08% of Dollar General worth $15,944,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Studio Investment Management LLC grew its holdings in shares of Dollar General by 16.4% during the fourth quarter. Studio Investment Management LLC now owns 989 shares of the company's stock worth $75,000 after buying an additional 139 shares during the last quarter. Eagle Rock Investment Company LLC grew its holdings in shares of Dollar General by 0.5% during the first quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock worth $2,548,000 after buying an additional 156 shares during the last quarter. CVA Family Office LLC grew its holdings in shares of Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after buying an additional 161 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Dollar General by 12.1% during the first quarter. Allworth Financial LP now owns 1,519 shares of the company's stock worth $142,000 after buying an additional 164 shares during the last quarter. Finally, Bogart Wealth LLC grew its holdings in shares of Dollar General by 37.6% during the first quarter. Bogart Wealth LLC now owns 674 shares of the company's stock worth $59,000 after buying an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Insider Activity at Dollar General

In other Dollar General news, 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 value of $222,497.00. Following the completion of the transaction, the executive vice president directly owned 46,563 shares in the company, valued at approximately $5,261,619. The trade was a 4.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the executive vice president 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 disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Wall Street Analyst Weigh In

DG has been the topic of a number of research reports. The Goldman Sachs Group lowered Dollar General from a "buy" rating to a "neutral" rating and raised their price target for the stock from $115.00 to $116.00 in a report on Tuesday, June 24th. Truist Financial lifted their price objective on Dollar General from $119.00 to $120.00 and gave the company a "hold" rating in a report on Friday. Piper Sandler lifted their price objective on Dollar General from $115.00 to $117.00 and gave the company a "neutral" rating in a report on Friday. Citigroup lifted their price objective on Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Finally, Cfra Research raised Dollar General to a "hold" rating in a report on Tuesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and sixteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, Dollar General presently has an average rating of "Hold" and an average target price of $112.79.

Dollar General Price Performance

Shares of DG stock traded down $2.96 during midday trading on Monday, reaching $108.75. 4,580,211 shares of the company traded hands, compared to its average volume of 3,104,731. The firm's 50 day simple moving average is $112.02 and its two-hundred day simple moving average is $98.44. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $117.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The firm has a market cap of $23.94 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 2.22 and a beta of 0.29.

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

Dollar General Dividend Announcement

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

Dollar General 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.