SteelPeak Wealth LLC has significantly reduced its investment in Dollar General Corporation (NYSE:DG), selling off **90.2%** of its holdings during the third quarter of 2024. According to the firm’s recent Form 13F filing with the Securities and Exchange Commission, SteelPeak now owns only **2,340 shares** of Dollar General, down from **21,647 shares** previously. The remaining shares are valued at approximately **$242,000**.
A broader look at institutional investments reveals that several other hedge funds, including **Vanguard Group Inc.** and **Arrowstreet Capital Limited Partnership**, have made notable changes to their positions in Dollar General during the same period. For instance, Vanguard increased its stake by **1.5%**, acquiring an additional **384,447 shares** to hold a total of **26,817,649 shares**, worth around **$3.07 billion**. Arrowstreet Capital made a more substantial move, boosting its position by **116.0%** to **2,714,972 shares**, valued at approximately **$310.54 million**.
Other significant adjustments include **Baupost Group LLC**, which raised its stake by **26.7%**, now owning **2,666,876 shares** worth **$305.04 million**, and **Charles Schwab Investment Management Inc.**, which increased its holdings by **4.1%** to **1,778,479 shares**, valued at **$203.42 million**. Additionally, **Russell Investments Group Ltd.** grew its position by **3.0%** during the second quarter.
Dollar General Stock Performance and Earnings Report
On Monday, Dollar General’s shares opened at **$136.55**, representing a **2.9%** increase. The company maintains a **debt-to-equity ratio** of **0.63**, a **quick ratio** of **0.24**, and a **current ratio** of **1.17**. Over the past fifty days, the stock has averaged **$116.37**, while the two-hundred-day average stands at **$111.25**. Dollar General’s market capitalization is currently **$30.06 billion**, with a **price-to-earnings (P/E) ratio** of **23.58** and a **beta** of **0.26**. Over the past year, the stock has reached a low of **$66.43** and a high of **$139.83**.
In its most recent earnings report released on **December 4, 2024**, Dollar General announced earnings of **$1.28 per share**, surpassing analysts’ expectations of **$0.95** by **$0.33**. The company reported revenue of **$10.65 billion**, slightly above the anticipated **$10.60 billion**. Year-over-year, the business experienced a **4.6%** increase in quarterly revenue, with earnings per share from the same period last year at **$0.89**. Looking ahead, Dollar General has set its fiscal year 2025 guidance at an earnings per share range of **$6.30 to $6.50**.
Dividend Announcements and Insider Transactions
Dollar General also announced its quarterly dividend of **$0.59 per share**, scheduled for payment on **January 20, 2025**. Shareholders of record as of **January 6, 2025**, will receive this dividend, which translates to an annualized yield of **1.7%** and a payout ratio of **40.76%**.
In related news, insider transactions have seen some movement. **Carman R. Wenkoff**, Executive Vice President, sold **19,166 shares** at an average price of **$132.01**, totaling approximately **$2.53 million**. Following this transaction, Wenkoff holds **43,179 shares**, valued at about **$5.70 million**. Similarly, **Bryan D. Wheeler**, another Executive Vice President, sold **9,776 shares** at an average price of **$135.32** for a total of **$1.32 million**. After the sale, Wheeler’s holdings stand at **22,295 shares**, worth around **$3.02 million**. In total, insiders have sold **58,673 shares** valued at approximately **$7.71 million** in the past three months.
Analysts continue to evaluate Dollar General’s stock performance, with one rating a “Strong Buy,” while the majority favor a “Buy” or “Hold” rating. According to MarketBeat.com, the consensus rating is classified as a “Moderate Buy,” with an average target price of **$132.62**.
Dollar General Corporation, headquartered in the Nashville/Goodlettsville area, operates a vast network of discount retail stores primarily serving rural and suburban customers. Founded in **1939**, the company has evolved into a prominent low-price retailer, providing a diverse array of everyday consumables and household goods.
