Marshall Wace LLP Sells 1,477,573 Shares of Dollar General Corporation $DG

Marshall Wace LLP decreased its holdings in shares of Dollar General Corporation (NYSE:DG) by 46.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,725,483 shares of the company’s stock after selling 1,477,573 shares during the quarter. Marshall Wace LLP owned approximately 0.78% of Dollar General worth $197,361,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. LPL Financial LLC lifted its position in shares of Dollar General by 6.8% in the first quarter. LPL Financial LLC now owns 177,276 shares of the company’s stock worth $15,588,000 after buying an additional 11,359 shares during the last quarter. US Bancorp DE raised its stake in shares of Dollar General by 34.8% in the 1st quarter. US Bancorp DE now owns 21,581 shares of the company’s stock valued at $1,898,000 after acquiring an additional 5,567 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Dollar General by 1.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 36,254 shares of the company’s stock worth $3,188,000 after purchasing an additional 459 shares during the last quarter. Blair William & Co. IL lifted its holdings in Dollar General by 12.7% in the 1st quarter. Blair William & Co. IL now owns 3,727 shares of the company’s stock worth $328,000 after purchasing an additional 419 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Dollar General by 19.2% during the first quarter. Commonwealth Equity Services LLC now owns 185,150 shares of the company’s stock worth $16,280,000 after purchasing an additional 29,777 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analysts Set New Price Targets

DG has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered shares of Dollar General from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 13th. Truist Financial upped their price target on shares of Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a report on Friday, August 29th. Wells Fargo & Company lifted their price objective on Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Piper Sandler reaffirmed a “neutral” rating on shares of Dollar General in a report on Friday. Finally, Morgan Stanley increased their target price on shares of Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $117.82.

Dollar General Trading Up 13.7%

DG opened at $124.95 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average price of $103.07 and a two-hundred day moving average price of $107.20. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $125.44. The stock has a market capitalization of $27.50 billion, a PE ratio of 23.14, a PEG ratio of 2.70 and a beta of 0.27.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.95 by $0.33. The company had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, equities analysts anticipate 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. Shareholders of record on Tuesday, January 6th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.9%. Dollar General’s dividend payout ratio (DPR) is presently 43.70%.

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.