Hound Partners LLC Reduces Stake in Dollar General Corporation $DG

Hound Partners LLC cut its holdings in shares of Dollar General Corporation (NYSE:DG) by 30.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 120,594 shares of the company’s stock after selling 52,632 shares during the quarter. Dollar General accounts for about 1.9% of Hound Partners LLC’s portfolio, making the stock its 15th largest holding. Hound Partners LLC owned about 0.05% of Dollar General worth $13,794,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Arrowstreet Capital Limited Partnership boosted its holdings in Dollar General by 116.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock valued at $310,538,000 after purchasing an additional 1,458,093 shares during the last quarter. Royal Bank of Canada grew its holdings in Dollar General by 251.6% in the first quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock valued at $178,983,000 after purchasing an additional 1,456,549 shares during the period. Norges Bank purchased a new stake in shares of Dollar General in the second quarter valued at approximately $154,371,000. Massachusetts Financial Services Co. MA raised its stake in shares of Dollar General by 15,369.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,219,179 shares of the company’s stock worth $139,450,000 after buying an additional 1,211,298 shares during the period. Finally, Laurel Wealth Advisors LLC lifted its position in shares of Dollar General by 10,936.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,204,193 shares of the company’s stock valued at $137,736,000 after buying an additional 1,193,282 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Price Performance

Dollar General stock opened at $132.97 on Friday. The company’s 50 day simple moving average is $106.36 and its 200-day simple moving average is $108.37. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $135.08. The company has a market capitalization of $29.27 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 2.41 and a beta of 0.27.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. The business had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, equities research analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, January 6th. Dollar General’s dividend payout ratio (DPR) is currently 40.76%.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research analyst reports. Raymond James Financial restated an “outperform” rating and set a $135.00 price objective on shares of Dollar General in a research report on Friday, December 5th. Jefferies Financial Group upped their price target on shares of Dollar General from $130.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Oppenheimer raised their price objective on Dollar General from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dollar General from $115.00 to $128.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat.com, Dollar General has an average rating of “Hold” and an average target price of $127.60.

Insider Buying and Selling at Dollar General

In related news, EVP Carman R. Wenkoff sold 19,166 shares of Dollar General stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total value of $2,530,103.66. Following the completion of the transaction, the executive vice president directly owned 43,179 shares in the company, valued at approximately $5,700,059.79. This trade represents a 30.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Tracey N. Herrmann sold 12,583 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $125.07, for a total value of $1,573,755.81. Following the transaction, the executive vice president directly owned 30,948 shares of the company’s stock, valued at $3,870,666.36. The trade was a 28.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 36,599 shares of company stock valued at $4,741,101. Insiders own 0.56% of the company’s stock.

Dollar General 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.