Jones Financial Companies Lllp Acquires 191,521 Shares of Dollar General Corporation $DG

Key Points

• Jones Financial Companies Lllp increased its holdings in Dollar General by 70.7%, now owning 462,258 shares worth approximately $39.86 million.
• Dollar General's recent earnings showed a quarterly EPS of $1.86, exceeding estimates, with revenue of $10.73 billion representing a year-over-year increase of 5.1%.
• The company declared a quarterly dividend of $0.59 per share, resulting in an annualized payout of $2.36 and a dividend yield of 2.3%.

Jones Financial Companies Lllp grew its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 70.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 462,258 shares of the company's stock after acquiring an additional 191,521 shares during the period. Jones Financial Companies Lllp owned about 0.21% of Dollar General worth $39,860,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Two Sigma Investments LP grew its holdings in Dollar General by 323.1% in the fourth quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock worth $178,491,000 after purchasing an additional 1,797,776 shares during the period. Pacer Advisors Inc. grew its holdings in Dollar General by 5,440.2% in the first quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company's stock worth $139,155,000 after purchasing an additional 1,554,004 shares during the period. Royal Bank of Canada grew its holdings in Dollar General by 251.6% in the first quarter. Royal Bank of Canada now owns 2,035,524 shares of the company's stock worth $178,983,000 after purchasing an additional 1,456,549 shares during the period. Two Sigma Advisers LP grew its holdings in Dollar General by 398.2% in the fourth quarter. Two Sigma Advisers LP now owns 1,756,799 shares of the company's stock worth $133,200,000 after purchasing an additional 1,404,200 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Dollar General by 4.8% in the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock worth $2,324,271,000 after purchasing an additional 1,201,917 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Performance

Shares of DG stock opened at $104.32 on Monday. The firm has a market cap of $22.96 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 2.20 and a beta of 0.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95. The firm's 50-day simple moving average is $110.69 and its two-hundred day simple moving average is $100.69.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping 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 revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, equities analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

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 of this dividend is Tuesday, October 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. Dollar General's payout ratio is 43.70%.

Insider Activity

In other 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 value of $222,497.00. Following the sale, the executive vice president owned 46,563 shares of the company's stock, valued at $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on DG shares. Guggenheim restated a "buy" rating and issued a $125.00 price target on shares of Dollar General in a report on Friday, August 29th. Evercore ISI raised their price target on shares of Dollar General from $118.00 to $120.00 and gave the stock an "in-line" rating in a report on Tuesday, August 12th. Sanford C. Bernstein lifted their price objective 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. JPMorgan Chase & Co. lifted their price objective on shares of Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Finally, Loop Capital lifted their price objective on shares of Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fifteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $112.92.

About Dollar General

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.

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