Dollar General Corporation $DG Shares Sold by Stephens Inc. AR

Stephens Inc. AR reduced its stake in Dollar General Corporation (NYSE:DG) by 30.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,410 shares of the company’s stock after selling 3,706 shares during the quarter. Stephens Inc. AR’s holdings in Dollar General were worth $869,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new stake in shares of Dollar General in the third quarter valued at about $48,000. Q3 Asset Management boosted its holdings in Dollar General by 1,664.3% in the 3rd quarter. Q3 Asset Management now owns 32,199 shares of the company’s stock valued at $3,327,000 after purchasing an additional 30,374 shares during the last quarter. Kera Capital Partners Inc. acquired a new position in Dollar General in the 3rd quarter valued at about $403,000. Decker Retirement Planning Inc. purchased a new stake in shares of Dollar General in the 3rd quarter valued at approximately $3,112,000. Finally, Quent Capital LLC acquired a new stake in shares of Dollar General during the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DG shares. Oppenheimer increased their price objective on Dollar General from $138.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. UBS Group increased their price target on Dollar General from $135.00 to $143.00 and gave the stock a “buy” rating in a report on Friday, December 5th. BNP Paribas Exane boosted their price objective on shares of Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Loop Capital upped their target price on shares of Dollar General from $100.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, December 5th. Finally, Argus lifted their price target on shares of Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $140.19.

Insider Activity

In other news, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $132.52, for a total transaction of $333,420.32. Following the completion of the transaction, the chief accounting officer directly owned 29,344 shares of the company’s stock, valued at approximately $3,888,666.88. The trade was a 7.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Carman R. Wenkoff sold 19,166 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the sale, the executive vice president owned 43,179 shares in the company, valued at $5,700,059.79. The trade was a 30.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 58,673 shares of company stock worth $7,713,389 over the last three months. Company insiders own 0.56% of the company’s stock.

Dollar General Stock Down 2.0%

Shares of DG opened at $148.76 on Monday. The company’s 50-day simple moving average is $125.72 and its 200-day simple moving average is $113.56. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17. Dollar General Corporation has a 1 year low of $68.10 and a 1 year high of $154.75. The stock has a market capitalization of $32.75 billion, a PE ratio of 25.69, a P/E/G ratio of 2.70 and a beta of 0.26.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.33. The firm had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.6%. Dollar General’s dividend payout ratio (DPR) is 40.76%.

About Dollar General

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.