Dollar General Corporation $DG Shares Acquired by Swedbank AB

Swedbank AB lifted its stake in Dollar General Corporation (NYSE:DG) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,814 shares of the company’s stock after buying an additional 4,831 shares during the period. Swedbank AB owned approximately 0.08% of Dollar General worth $17,964,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DG. Caldwell Trust Co purchased a new position in shares of Dollar General during the second quarter worth about $25,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Dollar General in the 2nd quarter valued at about $25,000. Atlantic Union Bankshares Corp purchased a new position in Dollar General during the 2nd quarter worth approximately $26,000. Hantz Financial Services Inc. increased its position in Dollar General by 46.8% during the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock worth $50,000 after buying an additional 140 shares during the period. Finally, MTM Investment Management LLC purchased a new stake in Dollar General in the second quarter valued at approximately $51,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar General

In related news, EVP Tracey N. Herrmann sold 12,583 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $125.07, for a total transaction of $1,573,755.81. Following the sale, the executive vice president owned 30,948 shares of the company’s stock, valued at approximately $3,870,666.36. The trade was a 28.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Rhonda Taylor sold 7,500 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total transaction of $1,011,675.00. Following the completion of the transaction, the executive vice president directly owned 73,492 shares of the company’s stock, valued at approximately $9,913,335.88. This trade represents a 9.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 58,673 shares of company stock worth $7,713,389. Company insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DG. Telsey Advisory Group restated a “market perform” rating and set a $130.00 target price (up from $123.00) on shares of Dollar General in a research report on Thursday, December 4th. Raymond James Financial reiterated an “outperform” rating and set a $135.00 price target on shares of Dollar General in a research note on Friday, December 5th. Citigroup lifted their price objective on shares of Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Barclays increased their target price on shares of Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Finally, Morgan Stanley boosted their price target on Dollar General from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.62.

Dollar General Price Performance

Shares of NYSE:DG opened at $137.80 on Friday. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $138.46. The company has a 50-day moving average price of $113.27 and a 200 day moving average price of $110.47. The company has a market cap of $30.33 billion, a P/E ratio of 23.80, a PEG ratio of 2.46 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 (NYSE:DG) last issued its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.33. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The business had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the business posted $0.89 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, January 6th. Dollar General’s payout ratio is presently 40.76%.

Dollar General Company Profile

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.