Goldman Sachs Group Inc. Trims Position in Dollar General Corporation $DG

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Dollar General Corporation by 2.5%, now holding a position worth approximately $173.40 million after selling over 50,000 shares.
• EVP Emily C. Taylor sold nearly 2,000 shares of Dollar General stock for about $222,497, resulting in a decrease of 4.06% in her ownership.
• Dollar General's quarterly earnings exceeded expectations, reporting $1.86 EPS against a consensus estimate of $1.56, with revenue rising by 5.1% year-over-year.

Goldman Sachs Group Inc. trimmed its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,972,053 shares of the company's stock after selling 50,620 shares during the period. Goldman Sachs Group Inc. owned about 0.90% of Dollar General worth $173,403,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Two Sigma Investments LP boosted its holdings in Dollar General by 323.1% during the 4th quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock valued at $178,491,000 after acquiring an additional 1,797,776 shares during the period. Pacer Advisors Inc. raised its stake in shares of Dollar General by 5,440.2% during the first quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company's stock valued at $139,155,000 after acquiring an additional 1,554,004 shares during the last quarter. Royal Bank of Canada lifted its holdings in Dollar General by 251.6% in the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company's stock worth $178,983,000 after buying an additional 1,456,549 shares during the period. Two Sigma Advisers LP increased its stake in shares of Dollar General by 398.2% during the fourth quarter. Two Sigma Advisers LP now owns 1,756,799 shares of the company's stock valued at $133,200,000 after buying an additional 1,404,200 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Dollar General by 4.8% during the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock valued at $2,324,271,000 after acquiring an additional 1,201,917 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DG shares. Evercore ISI boosted their price objective on shares of Dollar General from $118.00 to $120.00 and gave the company an "in-line" rating in a research report on Tuesday, August 12th. Loop Capital lifted their price target on shares of Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a research report on Thursday, July 10th. Wells Fargo & Company lifted their target price on shares of Dollar General from $105.00 to $115.00 and gave the company an "equal weight" rating in a report on Friday, August 29th. Morgan Stanley upped their price target on shares of Dollar General from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. Finally, Sanford C. Bernstein increased their price target on shares of Dollar General from $122.00 to $134.00 and gave the company an "outperform" rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fifteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, Dollar General presently has a consensus rating of "Hold" and a consensus target price of $112.92.

Dollar General Stock Performance

Shares of NYSE DG traded down $1.07 during midday trading on Friday, hitting $104.32. 2,557,185 shares of the company's stock traded hands, compared to its average volume of 3,056,586. 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 stock has a market capitalization of $22.96 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 2.22 and a beta of 0.29. The firm has a fifty day moving average of $110.69 and a 200 day moving average of $100.32. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results 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. 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 analyst estimates of $10.68 billion. During the same period in the previous year, the business posted $1.70 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced 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. The ex-dividend date is Tuesday, October 7th. This represents a $2.36 annualized dividend and a yield of 2.3%. Dollar General's payout ratio is 43.70%.

Insider Transactions at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the company'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 owned 46,563 shares in the company, valued at $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate 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.