Anita Elliott Sells 2,516 Shares of Dollar General (NYSE:DG) Stock

Dollar General Corporation (NYSE:DG) CAO Anita Elliott sold 2,516 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $132.52, for a total value of $333,420.32. Following the completion of the transaction, the chief accounting officer owned 29,344 shares in the company, valued at approximately $3,888,666.88. This trade represents a 7.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Dollar General Stock Performance

Shares of NYSE:DG traded down $0.18 during trading on Monday, hitting $133.03. 4,552,469 shares of the company traded hands, compared to its average volume of 3,650,136. The stock has a market capitalization of $29.28 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.42 and a beta of 0.27. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. Dollar General Corporation has a one year low of $66.43 and a one year high of $135.57. The business’s fifty day moving average is $106.36 and its 200-day moving average is $108.50.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.33. The firm had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, equities analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.8%. Dollar General’s dividend payout ratio is presently 40.76%.

Hedge Funds Weigh In On Dollar General

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Dollar General by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 26,896,503 shares of the company’s stock worth $2,779,754,000 after purchasing an additional 78,854 shares during the period. State Street Corp increased its position in shares of Dollar General by 9.1% in the third quarter. State Street Corp now owns 10,963,378 shares of the company’s stock worth $1,133,065,000 after acquiring an additional 913,373 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Dollar General by 3.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,811,797 shares of the company’s stock valued at $290,599,000 after acquiring an additional 96,825 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Dollar General by 7.4% during the third quarter. Invesco Ltd. now owns 2,725,276 shares of the company’s stock worth $281,657,000 after buying an additional 188,949 shares during the last quarter. Finally, Baupost Group LLC MA boosted its holdings in Dollar General by 26.7% during the second quarter. Baupost Group LLC MA now owns 2,666,876 shares of the company’s stock valued at $305,037,000 after purchasing an additional 562,000 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on DG shares. Loop Capital lifted their target price on Dollar General from $100.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, December 5th. Piper Sandler upped their price objective on shares of Dollar General from $117.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Citigroup lifted their price target on shares of Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Evercore ISI set a $130.00 price objective on shares of Dollar General in a report on Friday, December 5th. Finally, Oppenheimer upped their price objective on Dollar General from $138.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $129.12.

Dollar General Company 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.