Holocene Advisors LP Has $283.09 Million Stock Holdings in Dollar General Corporation $DG

Holocene Advisors LP lowered its stake in Dollar General Corporation (NYSE:DG) by 13.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,475,012 shares of the company’s stock after selling 393,127 shares during the quarter. Holocene Advisors LP owned about 1.12% of Dollar General worth $283,092,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DG. Elevation Point Wealth Partners LLC acquired a new position in Dollar General in the second quarter valued at about $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of Dollar General in the 2nd quarter valued at about $26,000. Hantz Financial Services Inc. raised its position in shares of Dollar General by 46.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock valued at $50,000 after acquiring an additional 140 shares during the period. MTM Investment Management LLC bought a new position in Dollar General during the 2nd quarter worth approximately $51,000. Finally, Harbor Investment Advisory LLC grew its holdings in Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after purchasing an additional 128 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Tracey N. Herrmann sold 12,583 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 30,948 shares in the company, valued at $3,870,666.36. This trade represents a 28.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Carman R. Wenkoff sold 19,166 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 43,179 shares in the company, valued at $5,700,059.79. The trade was a 30.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 36,599 shares of company stock valued at $4,741,101 in the last 90 days. 0.56% of the stock is owned by corporate insiders.

Dollar General Stock Up 0.2%

Shares of Dollar General stock opened at $132.97 on Friday. The firm has a market cap of $29.27 billion, a PE ratio of 22.97, a P/E/G ratio of 2.41 and a beta of 0.27. The business’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 52-week low of $66.43 and a 52-week high of $135.08.

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

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Tuesday, January 6th. Dollar General’s dividend payout ratio is currently 40.76%.

Analysts Set New Price Targets

DG has been the topic of several analyst reports. Sanford C. Bernstein increased their target price on shares of Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Dollar General in a research note on Friday, December 5th. BMO Capital Markets boosted their target price on Dollar General from $115.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, December 5th. Gordon Haskett raised Dollar General from an “accumulate” rating to a “buy” rating in a research report on Thursday, December 4th. Finally, UBS Group boosted their price objective on Dollar General from $135.00 to $143.00 and gave the company a “buy” rating in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $127.60.

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.