Wellington Management Group LLP Reduces Stock Position in Dollar General Corporation $DG

Wellington Management Group LLP lowered its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 88.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,642 shares of the company's stock after selling 28,865 shares during the period. Wellington Management Group LLP's holdings in Dollar General were worth $320,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DG. Korea Investment CORP lifted its position in Dollar General by 38.4% during the first quarter. Korea Investment CORP now owns 152,764 shares of the company's stock worth $13,433,000 after acquiring an additional 42,408 shares during the last quarter. Alpha Family Trust bought a new position in Dollar General during the 1st quarter worth $215,000. Aviso Financial Inc. increased its position in Dollar General by 6.9% during the 1st quarter. Aviso Financial Inc. now owns 8,017 shares of the company's stock worth $705,000 after buying an additional 517 shares during the period. Northern Trust Corp grew its holdings in shares of Dollar General by 2.6% during the 1st quarter. Northern Trust Corp now owns 2,076,851 shares of the company's stock worth $182,618,000 after purchasing an additional 52,961 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of Dollar General by 62.7% during the 1st quarter. Brooklyn Investment Group now owns 1,054 shares of the company's stock worth $93,000 after purchasing an additional 406 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

Dollar General Stock Up 0.7%

Shares of NYSE:DG traded up $0.80 during midday trading on Friday, hitting $109.24. 1,187,012 shares of the company's stock were exchanged, compared to its average volume of 3,722,694. 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 stock has a 50 day moving average price of $111.69 and a 200-day moving average price of $99.10. The company has a market cap of $24.05 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 2.32 and a beta of 0.29. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95.

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, topping 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 the consensus estimate of $10.68 billion. During the same period in the previous year, the firm posted $1.70 earnings per share. The firm'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. On average, sell-side analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

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

Insider Transactions at Dollar General

In related news, 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 sale, the executive vice president directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction that occurred 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 sale, the executive vice president owned 46,563 shares in the company, valued at $5,261,619. This represents a 4.06% 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.

Analyst Ratings Changes

Several research firms recently weighed in on DG. Truist Financial raised their price objective on Dollar General from $119.00 to $120.00 and gave the company a "hold" rating in a research note on Friday, August 29th. Evercore ISI raised their price objective on Dollar General from $118.00 to $120.00 and gave the company an "in-line" rating in a research note on Tuesday, August 12th. Barclays raised their price objective on Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Piper Sandler raised their price objective on Dollar General from $115.00 to $117.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. Finally, Raymond James Financial raised their price objective on Dollar General from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. One research 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. According to data from MarketBeat.com, Dollar General has a consensus rating of "Hold" and a consensus price target of $112.92.

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.