Graham Capital Management L.P. Purchases 86,055 Shares of Dollar General Corporation $DG

Key Points

• Graham Capital Management L.P. increased its holdings in Dollar General by 171.1%, acquiring an additional 86,055 shares, bringing its total ownership to 136,339 shares worth approximately $11.99 million.
• Dollar General plans to pay a quarterly dividend of $0.59 on October 21st, representing an annualized dividend yield of 2.2%.
• A recent price target update by Barclays raised Dollar General's target from $119.00 to $127.00, and the stock has received ratings ranging from "Strong Buy" to "Hold" from various analysts.

Graham Capital Management L.P. increased its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 171.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 136,339 shares of the company's stock after buying an additional 86,055 shares during the period. Graham Capital Management L.P. owned 0.06% of Dollar General worth $11,988,000 as of its most recent filing with the SEC.

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

Dollar General Trading Down 0.7%

Shares of DG traded down $0.74 during trading hours on Wednesday, hitting $109.72. 2,604,564 shares of the stock were exchanged, compared to its average volume of 2,938,271. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week 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 0.20. The business has a 50-day moving average of $111.84 and a 200-day moving average of $98.78. The firm has a market capitalization of $24.15 billion, a P/E ratio of 20.32, 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 data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.30. The company had revenue of $10.73 billion during 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%. Dollar General's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, research analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Oppenheimer raised shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price target for the company in a report on Wednesday, June 4th. Truist Financial upped their price target on shares of Dollar General from $119.00 to $120.00 and gave the stock a "hold" rating in a report on Friday, August 29th. The Goldman Sachs Group downgraded shares of Dollar General from a "buy" rating to a "neutral" rating and upped their price target for the stock from $115.00 to $116.00 in a report on Tuesday, June 24th. KeyCorp reissued a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. Finally, Telsey Advisory Group set a $123.00 price objective on shares of Dollar General in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and sixteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $112.92.

Insider Activity

In related news, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were 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. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General 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 of the company's stock, valued at approximately $4,646,027.76. The trade was 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.

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.