Dollar General Corporation $DG Shares Sold by Ieq Capital LLC

Key Points

• Ieq Capital LLC significantly reduced its holdings in Dollar General Corporation by 75.5%, selling 20,083 shares in the first quarter and retaining 6,534 shares valued at $575,000.
• In recent transactions, Dollar General executives sold thousands of shares, with EVP Emily C. Taylor and EVP Kathleen A. Reardon reducing their stakes by 4.06% and 13.39%, respectively.
• Analysts have set new price targets for Dollar General, with Guggenheim maintaining a "buy" rating and a target of $125, while Truist Financial and Morgan Stanley also adjusted their target prices upward.

Ieq Capital LLC lessened its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 75.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,534 shares of the company's stock after selling 20,083 shares during the quarter. Ieq Capital LLC's holdings in Dollar General were worth $575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in Dollar General in the 4th quarter worth about $31,000. Mountain Hill Investment Partners Corp. grew its position in Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after buying an additional 200 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings 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 buying an additional 342 shares during the period. CVA Family Office LLC increased its holdings 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 in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in Dollar General during the fourth quarter valued at $52,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 transaction of $222,497.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction that occurred 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 owned 41,646 shares in the company, 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. Corporate insiders own 0.56% of the company's stock.

Dollar General Trading Down 1.0%

Shares of Dollar General stock traded down $1.13 during mid-day trading on Monday, hitting $108.15. 1,778,136 shares of the stock were exchanged, compared to its average volume of 3,715,789. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The stock has a market capitalization of $23.80 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 2.31 and a beta of 0.29. The company has a 50-day simple moving average of $111.58 and a 200 day simple moving average of $99.67. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping 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 firm had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the previous year, the company posted $1.70 earnings per share. The firm's revenue was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently issued reports on DG. Jefferies Financial Group reissued a "buy" rating on shares of Dollar General in a research note on Tuesday, June 3rd. UBS Group upped their target price on shares of Dollar General from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, August 29th. JPMorgan Chase & Co. raised their target price on shares of Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group lowered shares of Dollar General from a "buy" rating to a "neutral" rating and lifted their target price for the company from $115.00 to $116.00 in a research report on Tuesday, June 24th. Finally, Raymond James Financial boosted their price target on shares of Dollar General from $125.00 to $130.00 and gave the company an "outperform" rating in a research note 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. According to data from MarketBeat.com, Dollar General has an average rating of "Hold" and a consensus price target of $112.92.

Dollar General Company 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.