Stevens Capital Management LP Purchases Shares of 6,457 Dollar General Corporation $DG

Stevens Capital Management LP acquired a new position in Dollar General Corporation (NYSE:DG) in the 3rd quarter, Holdings Channel reports. The firm acquired 6,457 shares of the company’s stock, valued at approximately $667,000.

A number of other hedge funds have also made changes to their positions in DG. Raiffeisen Bank International AG increased its holdings in Dollar General by 1,083.8% in the 3rd quarter. Raiffeisen Bank International AG now owns 13,898 shares of the company’s stock valued at $1,436,000 after purchasing an additional 12,724 shares in the last quarter. Pekin Hardy Strauss Inc. lifted its stake in shares of Dollar General by 5.7% during the third quarter. Pekin Hardy Strauss Inc. now owns 106,617 shares of the company’s stock worth $11,019,000 after purchasing an additional 5,795 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its position in shares of Dollar General by 303.0% in the third quarter. Ontario Teachers Pension Plan Board now owns 17,930 shares of the company’s stock worth $1,853,000 after buying an additional 13,481 shares during the period. Cumberland Partners Ltd acquired a new stake in shares of Dollar General in the third quarter valued at about $1,550,000. Finally, NewEdge Wealth LLC purchased a new stake in shares of Dollar General during the 3rd quarter valued at about $457,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of DG stock opened at $150.56 on Friday. The firm has a fifty day moving average of $143.88 and a two-hundred day moving average of $120.08. The firm has a market cap of $33.14 billion, a P/E ratio of 26.00, a P/E/G ratio of 2.50 and a beta of 0.25. Dollar General Corporation has a 1-year low of $70.01 and a 1-year high of $155.00. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24.

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

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, January 6th. Dollar General’s dividend payout ratio is currently 40.76%.

Insider Activity

In other Dollar General news, EVP Bryan D. Wheeler sold 9,776 shares of the stock in a transaction on Friday, December 19th. The shares were 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 of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anita C. Elliott sold 2,516 shares of Dollar General stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $132.52, for a total transaction of $333,420.32. Following the completion of the transaction, the chief accounting officer directly owned 29,344 shares of the company’s stock, valued at $3,888,666.88. This trade represents a 7.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 58,673 shares of company stock valued at $7,713,389 over the last three months. 0.56% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DG shares. Morgan Stanley upped their price target on Dollar General from $135.00 to $160.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. The Goldman Sachs Group upgraded shares of Dollar General from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a $165.00 price target on shares of Dollar General in a research note on Monday, January 12th. Daiwa Securities Group boosted their price objective on shares of Dollar General from $113.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Finally, Sanford C. Bernstein raised their target price on Dollar General from $141.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Fourteen research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Dollar General has an average rating of “Hold” and a consensus target price of $144.44.

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.