Hudson Edge Investment Partners Inc. Has $6.88 Million Position in Dollar General Corporation $DG

Hudson Edge Investment Partners Inc. increased its holdings in Dollar General Corporation (NYSE:DG) by 28.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,533 shares of the company’s stock after purchasing an additional 14,536 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Dollar General were worth $6,876,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new stake in shares of Dollar General in the third quarter valued at $370,000. Rakuten Investment Management Inc. acquired a new position in Dollar General in the 3rd quarter worth $6,606,000. Cornerstone Wealth Group LLC boosted its position in Dollar General by 2.8% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 96,174 shares of the company’s stock worth $9,940,000 after acquiring an additional 2,648 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Dollar General by 1.5% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 153,359 shares of the company’s stock valued at $15,850,000 after purchasing an additional 2,283 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Dollar General in the 3rd quarter valued at about $812,000. 91.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DG has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded shares of Dollar General from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Sanford C. Bernstein increased their target price on Dollar General from $141.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. Evercore ISI upped their target price on Dollar General from $130.00 to $135.00 and gave the stock an “in-line” rating in a research note on Tuesday, December 23rd. Gordon Haskett raised their price target on shares of Dollar General from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Thursday, January 8th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $140.19.

Dollar General Trading Up 0.3%

DG opened at $147.12 on Thursday. The company has a fifty day moving average price of $128.39 and a two-hundred day moving average price of $114.27. Dollar General Corporation has a 1-year low of $69.32 and a 1-year high of $154.75. The company has a market cap of $32.38 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 2.66 and a beta of 0.26. The company has a current ratio of 1.17, a quick ratio of 0.24 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 EPS for the quarter, beating the consensus estimate of $0.95 by $0.33. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The company had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period last year, the business posted $0.89 EPS. The firm’s revenue for the quarter 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. Analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, January 6th. This represents a $2.36 annualized dividend and a yield of 1.6%. Dollar General’s dividend payout ratio is presently 40.76%.

Insider Transactions at Dollar General

In other news, EVP Carman R. Wenkoff sold 19,166 shares of Dollar General stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the completion of the transaction, the executive vice president directly owned 43,179 shares in the company, valued at $5,700,059.79. This trade represents a 30.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anita C. Elliott sold 2,516 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were 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 in the company, valued at approximately $3,888,666.88. The trade was a 7.90% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 58,673 shares of company stock valued at $7,713,389. Corporate insiders own 0.56% of the company’s stock.

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.