Assetmark Inc. Has $3.34 Million Position in Dollar General Corporation $DG

Assetmark Inc. lessened its position in Dollar General Corporation (NYSE:DG) by 14.7% during the third quarter, Holdings Channel reports. The institutional investor owned 32,293 shares of the company’s stock after selling 5,546 shares during the quarter. Assetmark Inc.’s holdings in Dollar General were worth $3,337,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Caldwell Trust Co acquired a new stake in shares of Dollar General in the second quarter valued at approximately $25,000. Elevation Point Wealth Partners LLC acquired a new stake in Dollar General in the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp bought a new stake in Dollar General during the 2nd quarter worth about $26,000. Root Financial Partners LLC acquired a new position in shares of Dollar General during the 3rd quarter worth about $26,000. Finally, Peoples Financial Services CORP. acquired a new position in shares of Dollar General during the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Activity at Dollar General

In related news, EVP Tracey N. Herrmann sold 12,583 shares of Dollar General stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $125.07, for a total transaction of $1,573,755.81. Following the completion of the sale, the executive vice president directly owned 30,948 shares of the company’s stock, 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 SEC, which is accessible through the SEC website. Also, EVP Carman R. Wenkoff sold 19,166 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total value of $2,530,103.66. Following the completion of the sale, the executive vice president owned 43,179 shares of the company’s stock, valued at $5,700,059.79. This trade represents a 30.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 58,673 shares of company stock valued at $7,713,389 in the last 90 days. Corporate insiders own 0.56% of the company’s stock.

Dollar General Trading Up 1.6%

Shares of Dollar General stock opened at $152.04 on Thursday. Dollar General Corporation has a 1 year low of $70.01 and a 1 year high of $155.00. The company has a market capitalization of $33.47 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 2.49 and a beta of 0.25. The business has a fifty day simple moving average of $143.14 and a two-hundred day simple moving average of $119.52. 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 (NYSE:DG) last posted its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.33. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The company had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter last year, the company posted $0.89 EPS. Dollar General’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. Research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.6%. Dollar General’s dividend payout ratio is presently 40.76%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays lifted their target price on Dollar General from $127.00 to $151.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Rothschild & Co Redburn set a $111.00 price objective on Dollar General and gave the stock a “sell” rating in a research note on Tuesday. Citigroup increased their price objective on Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a report on Monday, December 8th. BNP Paribas Exane boosted their target price on shares of Dollar General from $118.00 to $127.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Finally, Gordon Haskett increased their price target on shares of Dollar General from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Fourteen research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $144.44.

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.