Kera Capital Partners Inc. Buys New Position in Dollar General Corporation $DG

Kera Capital Partners Inc. bought a new position in shares of Dollar General Corporation (NYSE:DG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,899 shares of the company’s stock, valued at approximately $403,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC acquired a new position in shares of Dollar General in the 2nd quarter worth approximately $25,000. Caldwell Trust Co acquired a new position in Dollar General in the second quarter worth approximately $25,000. Atlantic Union Bankshares Corp acquired a new position in Dollar General in the second quarter worth approximately $26,000. Byrne Asset Management LLC increased its holdings in shares of Dollar General by 952.6% in the third quarter. Byrne Asset Management LLC now owns 400 shares of the company’s stock valued at $41,000 after buying an additional 362 shares in the last quarter. Finally, Quent Capital LLC acquired a new stake in shares of Dollar General during the 3rd quarter valued at $46,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Tracey N. Herrmann sold 12,583 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president owned 30,948 shares in the company, valued at approximately $3,870,666.36. This trade represents a 28.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bryan D. Wheeler sold 9,776 shares of Dollar General stock in a transaction on Friday, December 19th. The shares were sold at an average price of $135.32, for a total transaction of $1,322,888.32. Following the completion of the sale, the executive vice president directly owned 22,295 shares of the company’s stock, valued at approximately $3,016,959.40. The trade was a 30.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 58,673 shares of company stock valued at $7,713,389. 0.56% of the stock is currently owned by company insiders.

Dollar General Price Performance

Shares of NYSE:DG opened at $150.96 on Thursday. The firm has a market cap of $33.23 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 2.75 and a beta of 0.26. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $154.75. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $123.62 and a 200 day simple moving average of $113.08.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating 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 firm had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, sell-side analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Investors 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 yield of 1.6%. The ex-dividend date of this dividend is Tuesday, January 6th. Dollar General’s dividend payout ratio (DPR) is presently 40.76%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DG. Wells Fargo & Company boosted their target price on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, December 19th. Citigroup raised their price objective on shares of Dollar General from $112.00 to $138.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. Wolfe Research raised their target price on Dollar General from $141.00 to $159.00 and gave the stock an “outperform” rating in a research report on Monday, December 22nd. Piper Sandler upped their price target on Dollar General from $117.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Finally, Wall Street Zen raised Dollar General from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, Dollar General presently has a consensus rating of “Moderate Buy” and an average price target of $138.50.

Dollar General 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.