National Pension Service Sells 361,432 Shares of Dollar General Corporation $DG

Key Points

• The National Pension Service significantly reduced its stake in Dollar General Corporation by 99.4%, leaving it with only 2,293 shares after selling 361,432 shares in the first quarter.
• Dollar General recently reported earnings of $1.78 per share for the last quarter, outperforming analysts' expectations of $1.46, and revenue increased by 5.3% year-over-year.
• Analysts have set a consensus rating of "Hold" for Dollar General, with an average price target of $108.80 following multiple upgrades and adjustments from various brokerages.

National Pension Service cut its stake in Dollar General Corporation (NYSE:DG - Free Report) by 99.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,293 shares of the company's stock after selling 361,432 shares during the period. National Pension Service's holdings in Dollar General were worth $202,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ameriflex Group Inc. purchased a new position in shares of Dollar General in the 4th quarter valued at approximately $31,000. Mountain Hill Investment Partners Corp. grew its position in shares of Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after buying an additional 200 shares during the period. Golden State Wealth Management LLC grew its position in shares of Dollar General by 170.1% in 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 lifted its position in Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after acquiring an additional 161 shares during the period. Finally, Fourth Dimension Wealth LLC purchased a new position in Dollar General during the 4th quarter valued at about $52,000. 91.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DG shares. Morgan Stanley raised their target price on shares of Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Sanford C. Bernstein set a $120.00 price objective on Dollar General in a research report on Friday, May 23rd. Evercore ISI lifted their price objective on Dollar General from $118.00 to $120.00 and gave the company an "in-line" rating in a research note on Tuesday, August 12th. Barclays boosted their target price on Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, Truist Financial raised their price target on Dollar General from $112.00 to $119.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat, Dollar General has an average rating of "Hold" and an average price target of $108.80.

Dollar General Stock Performance

NYSE:DG traded up $2.08 during trading hours on Wednesday, reaching $114.86. The company had a trading volume of 2,608,606 shares, compared to its average volume of 3,758,479. The firm has a market cap of $25.28 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 2.75 and a beta of 0.31. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. The firm's 50 day moving average price is $112.09 and its 200-day moving average price is $96.10. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $126.98.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%.The firm had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. During the same period last year, the business posted $1.65 EPS. The company's revenue for the quarter was up 5.3% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.200-5.800 EPS. On average, 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 was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, July 8th. Dollar General's payout ratio is 45.04%.

Insider Activity at Dollar General

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the company'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 completion of the sale, the executive vice president directly owned 41,646 shares of the company's stock, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Emily C. Taylor sold 1,969 shares of Dollar General 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 transaction, the executive vice president owned 46,563 shares in the company, valued at $5,261,619. This represents a 4.06% decrease in their position. 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.