Prospera Financial Services Inc Reduces Stock Holdings in Dollar General Corporation $DG

Prospera Financial Services Inc reduced its position in shares of Dollar General Corporation (NYSE:DG) by 63.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,373 shares of the company’s stock after selling 11,221 shares during the quarter. Prospera Financial Services Inc’s holdings in Dollar General were worth $659,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Caldwell Trust Co purchased a new stake in Dollar General during the second quarter valued at approximately $25,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Dollar General during the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of Dollar General during the 2nd quarter valued at $26,000. Root Financial Partners LLC purchased a new stake in shares of Dollar General in the 3rd quarter worth $26,000. Finally, Peoples Financial Services CORP. bought a new position in Dollar General in the 3rd quarter worth $35,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 3.5%

Shares of DG opened at $153.76 on Monday. The firm has a market cap of $33.85 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 2.56 and a beta of 0.24. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. Dollar General Corporation has a 1 year low of $70.01 and a 1 year high of $154.75. The company has a 50 day simple moving average of $141.54 and a two-hundred day simple moving average of $118.65.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.33. The firm had revenue of $10.65 billion during 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%. Dollar General’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, equities analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, January 6th. Dollar General’s payout ratio is currently 40.76%.

Insider Activity at Dollar General

In related news, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction on 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 owned 29,344 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bryan D. Wheeler sold 9,776 shares of the company’s 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 sale, the executive vice president directly owned 22,295 shares in the company, valued at approximately $3,016,959.40. The trade was a 30.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 58,673 shares of company stock valued at $7,713,389 in the last 90 days. 0.56% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DG has been the subject of several recent research reports. Barclays boosted their price target on Dollar General from $127.00 to $151.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Raymond James Financial reiterated an “outperform” rating and set a $135.00 price objective on shares of Dollar General in a research note on Friday, December 5th. Telsey Advisory Group restated a “market perform” rating and set a $130.00 target price (up previously from $123.00) on shares of Dollar General in a research note on Thursday, December 4th. Guggenheim lifted their price target on shares of Dollar General from $125.00 to $140.00 and gave the company a “buy” rating in a report on Friday, December 5th. Finally, The Goldman Sachs Group upgraded shares of Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $144.78.

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.