Federation des caisses Desjardins du Quebec Sells 9,890 Shares of Dollar General Corporation $DG

Key Points

• The Federation des caisses Desjardins du Quebec reduced its stake in Dollar General Corporation by 5.4%, now holding shares valued at approximately $15.30 million.
• Dollar General recently reported $1.86 earnings per share, exceeding analysts' expectations, with quarterly revenue up 5.1% year-over-year.
• Investors will receive a quarterly dividend of $0.59 per share on October 21st, representing a 2.1% yield on an annualized basis.

Federation des caisses Desjardins du Quebec decreased its stake in Dollar General Corporation (NYSE:DG - Free Report) by 5.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 174,028 shares of the company's stock after selling 9,890 shares during the period. Federation des caisses Desjardins du Quebec owned 0.08% of Dollar General worth $15,303,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DG. Ameriflex Group Inc. acquired a new position in shares of Dollar General in the 4th quarter valued at $31,000. Mountain Hill Investment Partners Corp. boosted its stake in Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after purchasing an additional 200 shares during the period. Golden State Wealth Management LLC boosted its stake in Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after purchasing an additional 342 shares during the period. CVA Family Office LLC boosted its stake in Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after purchasing an additional 161 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new stake in Dollar General during the 4th quarter worth $52,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Activity at Dollar General

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total transaction 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. This trade represents a 13.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction dated 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 sale, the executive vice president directly owned 46,563 shares of the company's stock, 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.

Wall Street Analyst Weigh In

DG has been the subject of a number of recent research reports. Loop Capital increased their price target on shares of Dollar General from $110.00 to $120.00 and gave the stock a "hold" rating in a research note on Thursday, July 10th. Guggenheim reiterated a "buy" rating and set a $125.00 price target on shares of Dollar General in a research note on Friday, August 29th. Piper Sandler upped their price objective on shares of Dollar General from $115.00 to $117.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Truist Financial upped their price objective on shares of Dollar General from $119.00 to $120.00 and gave the stock a "hold" rating in a research report on Friday, August 29th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Dollar General 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 fifteen have assigned a Hold rating to the company. According to MarketBeat.com, Dollar General currently has a consensus rating of "Hold" and an average price target of $112.92.

Dollar General Price Performance

NYSE:DG traded up $0.81 during mid-day trading on Friday, hitting $109.25. 1,912,552 shares of the company's stock traded hands, compared to its average volume of 2,917,231. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. The firm's 50 day simple moving average is $111.58 and its 200 day simple moving average is $99.34. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. The company has a market cap of $24.05 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 2.29 and a beta of 0.29.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating the consensus estimate 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 2.86% and a return on equity of 17.97%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Sell-side analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

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