Vident Advisory LLC Purchases 5,882 Shares of Dollar General Corporation $DG

Key Points

• Vident Advisory LLC increased its shares in Dollar General Corporation by 125.7%, now owning a total of 10,563 shares valued at approximately $929,000.
• Recent analyst reports have mixed ratings for Dollar General, with one Strong Buy, ten Buy, and fifteen Hold ratings, while the company has a consensus target price of $112.92.
• Dollar General announced a $0.59 quarterly dividend, scheduled for payment on October 21st, with an annualized payout yielding 2.2% for shareholders of record by October 7th.

Vident Advisory LLC boosted its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 125.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,563 shares of the company's stock after purchasing an additional 5,882 shares during the period. Vident Advisory LLC's holdings in Dollar General were worth $929,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Studio Investment Management LLC grew its stake in Dollar General by 16.4% in the 4th quarter. Studio Investment Management LLC now owns 989 shares of the company's stock worth $75,000 after acquiring an additional 139 shares in the last quarter. Eagle Rock Investment Company LLC grew its stake in Dollar General by 0.5% in the 1st quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock worth $2,548,000 after acquiring an additional 156 shares in the last quarter. CVA Family Office LLC grew its stake in Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after acquiring an additional 161 shares in the last quarter. Allworth Financial LP grew its stake in Dollar General by 12.1% in the 1st quarter. Allworth Financial LP now owns 1,519 shares of the company's stock worth $142,000 after acquiring an additional 164 shares in the last quarter. Finally, Bogart Wealth LLC grew its stake in Dollar General by 37.6% in the 1st quarter. Bogart Wealth LLC now owns 674 shares of the company's stock worth $59,000 after acquiring an additional 184 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DG. Piper Sandler increased their price objective on shares of Dollar General from $115.00 to $117.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. The Goldman Sachs Group downgraded shares of Dollar General from a "buy" rating to a "neutral" rating and increased their price objective for the company from $115.00 to $116.00 in a research note on Tuesday, June 24th. Barclays increased their price objective on shares of Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Truist Financial increased their price objective on shares of Dollar General from $119.00 to $120.00 and gave the company a "hold" rating in a research note on Friday, August 29th. Finally, Oppenheimer upgraded shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price objective on the stock in a research note on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fifteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Dollar General presently has an average rating of "Hold" and a consensus target price of $112.92.

Insiders Place Their Bets

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

Dollar General Trading Down 1.1%

NYSE:DG opened at $108.48 on Friday. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95. The firm has a 50 day moving average of $111.69 and a 200 day moving average of $99.10. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $23.88 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.32 and a beta of 0.29.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $10.68 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. Dollar General's revenue for the quarter was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, sell-side analysts anticipate that Dollar General Corporation will post 5.75 earnings per share 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. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.2%. Dollar General's dividend payout ratio (DPR) is currently 43.70%.

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.

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