Gulf International Bank UK Ltd Lowers Stock Holdings in Dollar General Corporation $DG

Key Points

• Gulf International Bank UK Ltd reduced its position in Dollar General shares by 34.6%, now holding 11,207 shares valued at approximately $985,000.
• Dollar General recently reported $1.78 earnings per share for the last quarter, exceeding estimates, with revenue of $10.44 billion, a 5.3% increase year-over-year.
• The company declared a quarterly dividend of $0.59 per share, representing an annual yield of 2.1% and a payout ratio of 45.04%.

Gulf International Bank UK Ltd cut its position in Dollar General Corporation (NYSE:DG - Free Report) by 34.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,207 shares of the company's stock after selling 5,920 shares during the quarter. Gulf International Bank UK Ltd's holdings in Dollar General were worth $985,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Federated Hermes Inc. raised its stake in Dollar General by 9.8% during the 4th quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock valued at $164,000 after acquiring an additional 192 shares during the last quarter. Townsquare Capital LLC raised its stake in Dollar General by 6.7% during the 4th quarter. Townsquare Capital LLC now owns 13,013 shares of the company's stock valued at $987,000 after acquiring an additional 813 shares during the last quarter. Mariner LLC raised its stake in Dollar General by 140.0% during the 4th quarter. Mariner LLC now owns 136,717 shares of the company's stock valued at $10,366,000 after acquiring an additional 79,759 shares during the last quarter. Guggenheim Capital LLC raised its stake in Dollar General by 10.1% during the 4th quarter. Guggenheim Capital LLC now owns 42,076 shares of the company's stock valued at $3,190,000 after acquiring an additional 3,867 shares during the last quarter. Finally, United Capital Financial Advisors LLC lifted its holdings in shares of Dollar General by 120.3% in the 4th quarter. United Capital Financial Advisors LLC now owns 5,878 shares of the company's stock valued at $446,000 after buying an additional 3,210 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DG. Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. Bank of America raised their price target on Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. raised their price target on Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Jefferies Financial Group reissued a "buy" rating on shares of Dollar General in a report on Tuesday, June 3rd. Finally, Guggenheim lifted their price objective on Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dollar General presently has an average rating of "Hold" and an average price target of $108.80.

Dollar General Price Performance

Dollar General stock traded up $2.5210 during mid-day trading on Wednesday, hitting $115.3010. 1,102,264 shares of the company were exchanged, compared to its average volume of 3,748,612. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20. The business's 50 day simple moving average is $112.09 and its two-hundred day simple moving average is $96.10. The company has a market capitalization of $25.37 billion, a P/E ratio of 21.95, a PEG ratio of 2.75 and a beta of 0.31. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $126.98.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.32. The company had revenue of $10.44 billion during 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%.Dollar General's revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 earnings per share. Dollar General has set its FY 2025 guidance at 5.200-5.800 EPS. Analysts forecast 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 was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $2.36 annualized dividend and a yield of 2.0%. Dollar General's dividend payout ratio (DPR) is presently 45.04%.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the firm'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 transaction, the executive vice president owned 46,563 shares of the company's stock, valued at approximately $5,261,619. This trade represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction on 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 directly owned 41,646 shares of the company's stock, valued at $4,646,027.76. The trade was a 13.39% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

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.