On September 8, 2023 at 14:48:54 ET an unusually large $6,255.00K block of Put contracts in Dollar General (DG) was bought, with a strike price of $250.00 / share, expiring in 133 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 1.37 sigmas above the mean, placing it in the 91.91th percentile of all recent large trades made in DG options.
This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 1974 funds or institutions reporting positions in Dollar General. This is a decrease of 182 owner(s) or 8.44% in the last quarter. Average portfolio weight of all funds dedicated to DG is 0.34%, a decrease of 20.79%. Total shares owned by institutions increased in the last three months by 1.97% to 235,584K shares. The put/call ratio of DG is 0.64, indicating a bullish outlook.
Analyst Price Forecast Suggests 53.44% Upside
As of August 31, 2023, the average one-year price target for Dollar General is 189.83. The forecasts range from a low of 156.55 to a high of $241.50. The average price target represents an increase of 53.44% from its latest reported closing price of 123.72.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Dollar General is 41,373MM, an increase of 6.61%. The projected annual non-GAAP EPS is 12.74.
What are Other Shareholders Doing?
Capital International Investors holds 15,088K shares representing 6.87% ownership of the company. In it’s prior filing, the firm reported owning 9,161K shares, representing an increase of 39.28%. The firm increased its portfolio allocation in DG by 24.61% over the last quarter.
Capital World Investors holds 10,788K shares representing 4.92% ownership of the company. In it’s prior filing, the firm reported owning 4,808K shares, representing an increase of 55.43%. The firm increased its portfolio allocation in DG by 68.42% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 6,848K shares representing 3.12% ownership of the company. In it’s prior filing, the firm reported owning 6,921K shares, representing a decrease of 1.06%. The firm decreased its portfolio allocation in DG by 26.35% over the last quarter.
Price T Rowe Associates holds 6,742K shares representing 3.07% ownership of the company. In it’s prior filing, the firm reported owning 11,293K shares, representing a decrease of 67.50%. The firm increased its portfolio allocation in DG by 1.14% over the last quarter.
ABALX – AMERICAN BALANCED FUND holds 5,881K shares representing 2.68% ownership of the company. In it’s prior filing, the firm reported owning 1,628K shares, representing an increase of 72.32%. The firm increased its portfolio allocation in DG by 183.05% over the last quarter.
Dollar General Background Information
(This description is provided by the company.)
Dollar General Corporation has been delivering value to shoppers for more than 80 years. Dollar General helps shoppers Save time. Save money. Every day.® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at everyday low prices in convenient neighborhood locations. Dollar General operated 16,979 stores in 46 states as of October 30, 2020. In addition to high-quality private brands, Dollar General sells products from America’s most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.
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