GSA Capital Partners LLP Boosts Position in Dollar General Corporation $DG

GSA Capital Partners LLP raised its holdings in shares of Dollar General Corporation (NYSE:DG) by 171.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,147 shares of the company’s stock after acquiring an additional 12,103 shares during the period. GSA Capital Partners LLP’s holdings in Dollar General were worth $1,979,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DG. Vanguard Group Inc. lifted its position in Dollar General by 0.3% during the third quarter. Vanguard Group Inc. now owns 26,896,503 shares of the company’s stock valued at $2,779,754,000 after purchasing an additional 78,854 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Dollar General by 116.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock valued at $310,538,000 after buying an additional 1,458,093 shares during the last quarter. Baupost Group LLC MA lifted its holdings in shares of Dollar General by 26.7% in the 2nd quarter. Baupost Group LLC MA now owns 2,666,876 shares of the company’s stock valued at $305,037,000 after buying an additional 562,000 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Dollar General by 4.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,778,479 shares of the company’s stock valued at $203,422,000 after buying an additional 70,588 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Dollar General by 3.0% in the second quarter. Russell Investments Group Ltd. now owns 1,513,611 shares of the company’s stock worth $173,130,000 after buying an additional 43,602 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $132.52, for a total transaction of $333,420.32. Following the transaction, the chief accounting officer directly owned 29,344 shares in the company, valued at $3,888,666.88. The trade was a 7.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Roderick J. West sold 2,282 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $133.35, for a total value of $304,304.70. Following the completion of the sale, the executive vice president owned 36,108 shares of the company’s stock, valued at $4,815,001.80. This trade represents a 5.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 58,673 shares of company stock valued at $7,713,389. Corporate insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

DG has been the subject of a number of analyst reports. Argus boosted their price target on Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Citigroup boosted their target price on shares of Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Evercore raised their price target on shares of Dollar General from $143.00 to $145.00 and gave the company an “in-line” rating in a research report on Tuesday, February 3rd. Truist Financial set a $144.00 price objective on shares of Dollar General in a report on Friday, January 16th. Finally, Barclays increased their target price on shares of Dollar General from $127.00 to $151.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Fourteen analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $144.78.

Dollar General Price Performance

NYSE:DG opened at $153.76 on Tuesday. The stock has a 50 day moving average of $142.13 and a two-hundred day moving average of $119.00. Dollar General Corporation has a 12 month low of $70.01 and a 12 month high of $154.75. The firm has a market cap of $33.85 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 2.56 and a beta of 0.24. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.33. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The business had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the business posted $0.89 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.5%. Dollar General’s dividend payout ratio is presently 40.76%.

Dollar General Company Profile

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.