Versor Investments LP Has $1.67 Million Position in Dollar General Corporation $DG

Key Points

• Versor Investments LP reduced its holdings in Dollar General by 25.5%, owning 18,987 shares valued at approximately $1.67 million after selling 6,513 shares in the first quarter.
• Dollar General reported earnings of $1.78 per share, exceeding estimates, and had revenue of $10.44 billion, which also surpassed analyst expectations.
• The company declared a quarterly dividend of $0.59 per share, reflecting a 2.1% yield and a dividend payout ratio of 45.04%.

Versor Investments LP decreased its stake in Dollar General Corporation (NYSE:DG - Free Report) by 25.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,987 shares of the company's stock after selling 6,513 shares during the quarter. Versor Investments LP's holdings in Dollar General were worth $1,670,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. 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 purchasing an additional 1,797,776 shares during the last quarter. Pacer Advisors Inc. boosted its position in Dollar General by 5,440.2% in the first quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company's stock valued at $139,155,000 after buying an additional 1,554,004 shares in the last quarter. Two Sigma Advisers LP grew its stake in Dollar General by 398.2% during the fourth quarter. Two Sigma Advisers LP now owns 1,756,799 shares of the company's stock worth $133,200,000 after buying an additional 1,404,200 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Dollar General by 4.8% during the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock worth $2,324,271,000 after buying an additional 1,201,917 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its holdings in shares of Dollar General by 8.5% in the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock worth $1,122,914,000 after acquiring an additional 1,003,206 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $5,261,619. This trade represents a 4.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction, the executive vice president owned 41,646 shares of the company's stock, valued at $4,646,027.76. This trade represents a 13.39% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on DG. KeyCorp reaffirmed a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Morgan Stanley raised their target price on Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Telsey Advisory Group reissued a "market perform" rating and set a $120.00 price objective on shares of Dollar General in a report on Thursday, July 17th. Wells Fargo & Company upped their target price on shares of Dollar General from $80.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. Finally, The Goldman Sachs Group lowered shares of Dollar General from a "buy" rating to a "neutral" rating and raised their price target for the company from $115.00 to $116.00 in a report on Tuesday, June 24th. One research 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $108.80.

Dollar General Trading Up 1.8%

Shares of DG stock traded up $2.08 on Wednesday, reaching $114.86. The company had a trading volume of 2,608,638 shares, compared to its average volume of 3,758,496. The stock has a market cap of $25.28 billion, a PE ratio of 21.92, a PEG ratio of 2.75 and a beta of 0.31. The company has a 50-day moving average of $112.09 and a 200-day moving average of $96.10. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $126.98.

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

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were given a $0.59 dividend. The ex-dividend date was Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.1%. Dollar General's payout ratio is currently 45.04%.

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.