475,350 Shares in Dollar General Corporation $DG Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired a stake in Dollar General Corporation by buying 475,350 shares valued at approximately $41.8 million, bringing its total ownership to about 0.22%.
• Dollar General reported $10.44 billion in revenue and an EPS of $1.78 for the latest quarter, exceeding analyst expectations.
• The company has announced a quarterly dividend of $0.59 per share, with an annualized yield of 2.1% and a payout ratio of 45.04%.

Nuveen LLC purchased a new stake in shares of Dollar General Corporation (NYSE:DG - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 475,350 shares of the company's stock, valued at approximately $41,798,000. Nuveen LLC owned approximately 0.22% of Dollar General as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Dollar General by 4.8% in the 1st 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 in the last quarter. Pzena Investment Management LLC lifted its position in shares of Dollar General by 8.5% during the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock valued at $1,122,914,000 after acquiring an additional 1,003,206 shares during the last quarter. ACR Alpine Capital Research LLC lifted its position in shares of Dollar General by 3.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company's stock valued at $369,081,000 after acquiring an additional 155,966 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Dollar General by 2.6% during the 1st quarter. Invesco Ltd. now owns 3,469,568 shares of the company's stock worth $305,079,000 after acquiring an additional 89,067 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of Dollar General by 323.1% in the 4th quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock worth $178,491,000 after acquiring an additional 1,797,776 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the transaction, the executive vice president directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. This trade represents a 13.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Emily C. Taylor sold 1,969 shares of the 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 completion of the sale, the executive vice president directly owned 46,563 shares of the company's stock, valued at $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

Dollar General Stock Up 2.1%

Shares of Dollar General stock traded up $2.35 during midday trading on Wednesday, reaching $115.13. 1,028,476 shares of the company's stock traded hands, compared to its average volume of 3,748,295. The company has a market cap of $25.34 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.75 and a beta of 0.31. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $126.98. The company's 50 day simple moving average is $112.09 and its 200 day simple moving average is $96.10. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The firm had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. During the same period in the prior year, the business posted $1.65 earnings per share. The business's quarterly revenue was up 5.3% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.200-5.800 EPS. Equities analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is 45.04%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DG shares. KeyCorp restated a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Jefferies Financial Group restated a "buy" rating on shares of Dollar General in a research report on Tuesday, June 3rd. Piper Sandler lifted their price objective on shares of Dollar General from $112.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Guggenheim increased their target price on Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Sanford C. Bernstein set a $120.00 target price on Dollar General in a research report on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $108.80.

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.