Polar Asset Management Partners Inc. Has $4.44 Million Position in Dollar General Corporation $DG

Key Points

• Polar Asset Management Partners Inc. reduced its stake in Dollar General by 23.5%, holding 50,500 shares worth $4.44 million after selling 15,500 shares in Q1.
• Dollar General reported $1.86 earnings per share for its last quarter, surpassing estimates and showing a 5.1% revenue increase year-over-year.
• The company will pay a $0.59 per share quarterly dividend on October 21st, with a 2.2% dividend yield based on its annualized payout.

Polar Asset Management Partners Inc. cut its stake in Dollar General Corporation (NYSE:DG - Free Report) by 23.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,500 shares of the company's stock after selling 15,500 shares during the period. Polar Asset Management Partners Inc.'s holdings in Dollar General were worth $4,440,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in DG. Ameriflex Group Inc. bought a new position in shares of Dollar General during the fourth quarter valued at approximately $31,000. Mountain Hill Investment Partners Corp. grew its position in shares of 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 acquiring an additional 200 shares during the last quarter. Golden State Wealth Management LLC grew its position in shares of Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after acquiring an additional 342 shares during the last quarter. CVA Family Office LLC grew its position in shares of Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after acquiring an additional 161 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Dollar General during the fourth quarter worth about $52,000. 91.77% of the stock is owned by institutional investors.

Dollar General Price Performance

Shares of NYSE:DG traded up $1.91 during trading hours on Wednesday, hitting $106.46. 3,091,767 shares of the company's stock traded hands, compared to its average volume of 3,725,663. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. The company's fifty day simple moving average is $111.25 and its two-hundred day simple moving average is $99.92. The company has a market cap of $23.43 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 2.29 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, beating the consensus estimate of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter last year, the firm posted $1.70 EPS. The business's revenue for the quarter was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, equities analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, October 7th. Dollar General's dividend payout ratio (DPR) is presently 43.70%.

Analyst Ratings Changes

Several equities analysts have recently commented on DG shares. Evercore ISI upped their price target on shares of Dollar General from $118.00 to $120.00 and gave the stock an "in-line" rating in a research report on Tuesday, August 12th. Barclays increased their target price on shares of Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Citigroup increased their target price on shares of Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. increased their target price on shares of Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Finally, UBS Group upped their target price on Dollar General from $128.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $112.92.

Insider Activity

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

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.