The Vanguard Group, Inc. has recently announced that it has increased stake in Dollar General Corp. (NYSE:DG) by 19.85%. After grabbing 20.78 million shares, the institutional investor is now in possession of 3.44 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 9.47% having worth around $2.47 billion. Moreover, Capital Research & Management Co increased its share by 1.32 million to have a control over 16.4 million shares. And Capital Research & Management Co raised its holdings to 2.15 million shares by acquiring 12.93 million shares or 5.89% of the stake.
Dollar General Corp. (DG) concluded trading on 12/14/23 at a closing price of $131.02, with 4.58 million shares of worth about $600.0 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -19.95% during that period and on Thursday the price saw a gain of about 0.52%. Currently the company’s common shares owned by public are about 219.10M shares, out of which, 218.80M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 57 times over the past 12 months. They bought 207,645 shares in 38 of the transactions. In 19 selling transactions, insiders dumped 85,208 shares.
Vanguard Total Stock Market ETF, American Balanced Fund, and American Funds Fundamental Invest are the top 3 mutual funds which are holding stakes in Dollar General Corp. Vanguard Total Stock Market ETF is currently holding 6.87 million shares of worth totaling $817.52 million. The company recently came buying 44393.0 shares which brought its stake up to 3.13% of the company’s outstanding shares. American Balanced Fund bought 0.76 million shares, after which its hold over company’s outstanding shares expand to 3.03%, leaving 6.64 million shares with the mutual fund that have a worth of about $790.38 million. American Funds Fundamental Invest, after buying 5.61 million shares, have now control over 2.56% of the stake in the company. It holds 1.55 million shares of worth $667.79 million.
However, the stock later moved at a day high price of 133.25, or with a gain of 0.52%. Stock saw a price change of -0.97% in past 5 days and over the past one month there was a price change of 7.99%. Year-to-date (YTD), DG shares are showing a performance of -46.79% which decreased to -46.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $101.09 but also hit the highest price of $251.00 during that period. The average intraday trading volume for Dollar General Corp. shares is 3.85 million. The stock is currently trading 2.88% above its 20-day simple moving average (SMA20), while that difference is up 9.45% for SMA50 and it goes to -19.94% lower than SMA200.
The Vanguard Group, Inc. acquired 20.78 million shares of Dollar General Corp. having value of about $2.47 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 3.44 million shares in the company valued at close to $450986824.44, or have control over 19.85% stake in the company. Dollar General Corp. (NYSE: DG) currently have 219.10M outstanding shares and institutions hold larger chunk of about 91.30% of that. Holding of mutual funds in the company is about 50.78% while other institutional holders and individual stake holders have control over 7.96% and 40.76% of the stake respectively.
The stock has a current market capitalization of $28.76B and its 3Y-monthly beta is at 0.40. PE ratio of stock for trailing 12 months is 15.09, while it has posted earnings per share of $8.69 in the same period. It has Quick Ratio of 0.13 while making debt-to-equity ratio of 2.80. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DG, volatility over the week remained 5.04% while standing at 3.22% over the month.
Analysts are in expectations that Dollar General Corp. (DG) stock would likely to be making an EPS of $1.74 in the current quarter, while forecast for next quarter EPS is $1.92 and it is $7.54 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.55 which is $1.99 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.96 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -30.25% while it is estimated to decrease by -0.83% in next year. EPS is likely to shrink at an annualized rate of -5.65% for next 5-years, compared to annual growth of 13.65% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on October 16, 2023 offering a Hold rating for the stock and assigned a target price of $102 to it.
