UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Holdings in Dollar General Corporation $DG

Key Points

• UBS Asset Management increased its stake in Dollar General Corporation by 21.0% in the first quarter, acquiring 229,018 additional shares to bring its total to approximately 1.32 million shares valued at $116.17 million.
• Dollar General reported a EPS of $1.86 for the last quarter, exceeding analysts' expectations by $0.30, and achieving a 5.1% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.59 per share, reflecting an annualized yield of 2.3%, with the dividend to be paid on October 21st.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 21.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,321,176 shares of the company's stock after buying an additional 229,018 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.60% of Dollar General worth $116,171,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC purchased a new position in Dollar General during the first quarter worth approximately $280,000. Robeco Institutional Asset Management B.V. increased its stake in Dollar General by 4.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company's stock worth $2,424,000 after acquiring an additional 1,102 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Dollar General by 74.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company's stock worth $921,000 after acquiring an additional 5,171 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Dollar General by 18.1% during the fourth quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company's stock worth $8,137,000 after acquiring an additional 16,453 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Dollar General by 48.9% during the first quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company's stock worth $288,000 after acquiring an additional 1,081 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Wall Street Analyst Weigh In

DG has been the subject of several recent analyst reports. KeyCorp reissued a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. Loop Capital raised their target price on Dollar General from $110.00 to $120.00 and gave the stock a "hold" rating in a research note on Thursday, July 10th. Truist Financial raised their target price on Dollar General from $119.00 to $120.00 and gave the stock a "hold" rating in a research note on Friday, August 29th. Oppenheimer raised Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 target price for the company in a research note on Wednesday, June 4th. Finally, UBS Group raised their target price on Dollar General from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. One investment 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $112.92.

Dollar General Trading Down 1.0%

DG opened at $104.32 on Friday. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The stock has a market capitalization of $22.96 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 2.22 and a beta of 0.29. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The business has a fifty day moving average price of $110.69 and a 200 day moving average price of $100.32.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The firm had revenue of $10.73 billion during the quarter, compared to analysts' expectations of $10.68 billion. During the same period in the previous year, the firm posted $1.70 EPS. Dollar General'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. Sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General's payout ratio is presently 43.70%.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 1,969 shares of the business's 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.56% of the stock is owned by insiders.

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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