Dollar General Corporation $DG Shares Bought by Royal Bank of Canada

Key Points

• The Royal Bank of Canada significantly increased its stake in Dollar General Corporation by 251.6%, owning approximately 2.03 million shares valued at $178.98 million as of the latest SEC filing.
• Dollar General announced a quarterly dividend of $0.59 per share, with an annualized yield of 2.2%, set to be paid on October 21st.
• Several analyst upgrades have occurred, with target prices for Dollar General stock being raised by firms like Barclays and Evercore ISI, reflecting a generally positive outlook.

Royal Bank of Canada grew its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 251.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,035,524 shares of the company's stock after acquiring an additional 1,456,549 shares during the period. Royal Bank of Canada owned about 0.93% of Dollar General worth $178,983,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DG. Graham Capital Management L.P. boosted its position in Dollar General by 171.1% during the first quarter. Graham Capital Management L.P. now owns 136,339 shares of the company's stock worth $11,988,000 after purchasing an additional 86,055 shares in the last quarter. Vident Advisory LLC grew its stake in Dollar General by 125.7% in the 1st quarter. Vident Advisory LLC now owns 10,563 shares of the company's stock valued at $929,000 after acquiring an additional 5,882 shares during the last quarter. EVR Research LP acquired a new stake in Dollar General in the 1st quarter valued at about $6,155,000. CreativeOne Wealth LLC increased its holdings in Dollar General by 24.8% during the 1st quarter. CreativeOne Wealth LLC now owns 7,244 shares of the company's stock valued at $637,000 after acquiring an additional 1,440 shares in the last quarter. Finally, Schwerin Boyle Capital Management Inc. raised its position in Dollar General by 131.5% during the first quarter. Schwerin Boyle Capital Management Inc. now owns 85,201 shares of the company's stock worth $7,492,000 after acquiring an additional 48,401 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on DG. Jefferies Financial Group reiterated a "buy" rating on shares of Dollar General in a research report on Tuesday, June 3rd. Oppenheimer raised Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 target price on the stock in a research note on Wednesday, June 4th. JPMorgan Chase & Co. raised their price target on Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Guggenheim restated a "buy" rating and issued a $125.00 price objective on shares of Dollar General in a research report on Friday, August 29th. Finally, Barclays lifted their price objective on Dollar General from $119.00 to $127.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $112.92.

Insider Buying and Selling at Dollar General

In other 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 completion of 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 filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 41,646 shares in the company, valued at $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. 0.56% of the stock is owned by insiders.

Dollar General Trading Up 0.7%

NYSE DG traded up $0.81 during trading hours on Friday, hitting $109.25. 1,912,552 shares of the company's stock were exchanged, compared to its average volume of 3,727,632. The business's 50 day moving average is $111.69 and its 200-day moving average is $99.10. 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 12-month low of $66.43 and a 12-month high of $117.95. The firm has a market capitalization of $24.05 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 2.32 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 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.30. The company had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, October 7th. Dollar General's dividend payout ratio (DPR) is 43.70%.

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.