Reinhart Partners LLC. Has $6.14 Million Stake in Dollar General Corporation $DG

Reinhart Partners LLC. reduced its stake in shares of Dollar General Corporation (NYSE:DG) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,375 shares of the company’s stock after selling 5,285 shares during the quarter. Reinhart Partners LLC.’s holdings in Dollar General were worth $6,136,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DG. Vanguard Group Inc. boosted its position in Dollar General by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock valued at $3,067,403,000 after buying an additional 384,447 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Dollar General by 116.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock valued at $310,538,000 after acquiring an additional 1,458,093 shares during the period. Baupost Group LLC MA boosted its holdings in Dollar General by 26.7% in the second quarter. Baupost Group LLC MA now owns 2,666,876 shares of the company’s stock valued at $305,037,000 after acquiring an additional 562,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Dollar General by 4.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,778,479 shares of the company’s stock worth $203,422,000 after purchasing an additional 70,588 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Dollar General by 3.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,513,611 shares of the company’s stock worth $173,130,000 after purchasing an additional 43,602 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analysts Set New Price Targets

DG has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dollar General in a research note on Monday, December 29th. UBS Group lifted their target price on shares of Dollar General from $135.00 to $143.00 and gave the stock a “buy” rating in a report on Friday, December 5th. BMO Capital Markets upped their target price on shares of Dollar General from $115.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, December 5th. Truist Financial set a $144.00 price target on Dollar General in a research report on Friday. Finally, Oppenheimer lifted their price objective on Dollar General from $138.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.19.

Insider Activity

In other Dollar General news, CAO Anita C. Elliott sold 2,516 shares of Dollar General stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $132.52, for a total value of $333,420.32. Following the transaction, the chief accounting officer owned 29,344 shares of the company’s stock, valued at approximately $3,888,666.88. The trade was a 7.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rhonda Taylor sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total transaction of $1,011,675.00. Following the completion of the transaction, the executive vice president owned 73,492 shares of the company’s stock, valued at $9,913,335.88. This trade represents a 9.26% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 58,673 shares of company stock worth $7,713,389. Corporate insiders own 0.56% of the company’s stock.

Dollar General Price Performance

DG opened at $148.76 on Friday. The stock has a market cap of $32.75 billion, a P/E ratio of 25.69, a P/E/G ratio of 2.75 and a beta of 0.26. Dollar General Corporation has a 12 month low of $68.10 and a 12 month high of $154.75. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $125.72 and a 200 day simple moving average of $113.59.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. The company’s 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, research analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Investors 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 yield of 1.6%. The ex-dividend date of this dividend is Tuesday, January 6th. 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.