Mondrian Investment Partners LTD Makes New Investment in Dollar General Corporation $DG

Mondrian Investment Partners LTD purchased a new stake in shares of Dollar General Corporation (NYSE:DG) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,095 shares of the company’s stock, valued at approximately $423,000.

Several other institutional investors have also recently made changes to their positions in DG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Dollar General by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock valued at $2,314,000 after buying an additional 1,185 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Dollar General by 12.3% in the 1st quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock worth $919,000 after purchasing an additional 1,148 shares in the last quarter. Woodline Partners LP increased its stake in shares of Dollar General by 40.7% in the 1st quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock worth $1,634,000 after purchasing an additional 5,373 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Dollar General in the 2nd quarter worth $211,000. Finally, CWM LLC lifted its position in Dollar General by 82.9% during the second quarter. CWM LLC now owns 13,016 shares of the company’s stock valued at $1,489,000 after purchasing an additional 5,898 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DG. JPMorgan Chase & Co. upped their price target on Dollar General from $166.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. BMO Capital Markets increased their target price on shares of Dollar General from $130.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday. Sanford C. Bernstein raised their target price on shares of Dollar General from $141.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. BNP Paribas Exane upped their price target on shares of Dollar General from $118.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Finally, Daiwa Securities Group raised their price objective on shares of Dollar General from $113.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $144.78.

Dollar General Stock Up 3.5%

DG opened at $153.76 on Tuesday. The company has a market capitalization of $33.85 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 2.56 and a beta of 0.24. The firm has a 50-day simple moving average of $142.13 and a two-hundred day simple moving average of $119.00. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. Dollar General Corporation has a 52 week low of $70.01 and a 52 week high of $154.75.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The business’s 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. Analysts forecast 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. Investors of record on Tuesday, January 6th were issued a $0.59 dividend. 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 (DPR) is 40.76%.

Insider Buying and Selling

In other Dollar General news, EVP Bryan D. Wheeler sold 9,776 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $135.32, for a total transaction of $1,322,888.32. Following the sale, the executive vice president directly owned 22,295 shares in the company, valued at $3,016,959.40. This represents a 30.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Roderick J. West sold 2,282 shares of the stock in a transaction 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 sale, the executive vice president owned 36,108 shares in the company, valued at $4,815,001.80. The trade was a 5.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,673 shares of company stock valued at $7,713,389 in the last three months. Corporate insiders own 0.56% of the company’s stock.

About Dollar General

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.