QV Investors Inc. Has $12.78 Million Stake in Dollar General Corporation $DG

QV Investors Inc. lessened its holdings in shares of Dollar General Corporation (NYSE:DG) by 27.2% during the third quarter, HoldingsChannel.com reports. The firm owned 123,690 shares of the company’s stock after selling 46,270 shares during the quarter. QV Investors Inc.’s holdings in Dollar General were worth $12,783,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Accurate Wealth Management LLC boosted its stake in shares of Dollar General by 1.2% in the third quarter. Accurate Wealth Management LLC now owns 9,182 shares of the company’s stock valued at $952,000 after buying an additional 108 shares during the period. Blue Trust Inc. raised its holdings in Dollar General by 5.8% in the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock valued at $229,000 after acquiring an additional 110 shares in the last quarter. Stablepoint Partners LLC lifted its position in shares of Dollar General by 0.6% during the 2nd quarter. Stablepoint Partners LLC now owns 17,474 shares of the company’s stock valued at $1,999,000 after acquiring an additional 110 shares during the period. Tectonic Advisors LLC lifted its position in shares of Dollar General by 1.9% during the 2nd quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock valued at $691,000 after acquiring an additional 113 shares during the period. Finally, Wedmont Private Capital grew its holdings in shares of Dollar General by 2.1% during the 3rd quarter. Wedmont Private Capital now owns 5,810 shares of the company’s stock worth $560,000 after purchasing an additional 118 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DG has been the subject of a number of analyst reports. BNP Paribas Exane boosted their price target on Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. BMO Capital Markets boosted their target price on shares of Dollar General from $115.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, December 5th. Wolfe Research upped their price target on shares of Dollar General from $141.00 to $159.00 and gave the stock an “outperform” rating in a report on Monday, December 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Dollar General from $166.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, January 9th. Finally, Morgan Stanley boosted their price objective on shares of Dollar General from $135.00 to $160.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Fourteen analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $140.19.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Carman R. Wenkoff sold 19,166 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $132.01, for a total value of $2,530,103.66. Following the completion of the transaction, the executive vice president owned 43,179 shares of the company’s stock, valued at $5,700,059.79. This represents a 30.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anita C. Elliott sold 2,516 shares of Dollar General stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $132.52, for a total value of $333,420.32. Following the sale, the chief accounting officer directly owned 29,344 shares in the company, valued at $3,888,666.88. The trade was a 7.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 58,673 shares of company stock worth $7,713,389 over the last three months. 0.56% of the stock is owned by corporate insiders.

Dollar General Trading Down 1.7%

Shares of Dollar General stock opened at $144.68 on Friday. The firm’s 50 day moving average is $129.20 and its 200 day moving average is $114.48. The firm has a market capitalization of $31.85 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.67 and a beta of 0.26. Dollar General Corporation has a 1 year low of $69.32 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.

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

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.6%. Dollar General’s payout ratio is currently 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.