Dollar General Corporation $DG Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its holdings in shares of Dollar General Corporation (NYSE:DG) by 0.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,208,615 shares of the company’s stock after selling 10,564 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Dollar General were worth $124,910,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Caldwell Trust Co acquired a new stake in Dollar General during the 2nd quarter worth approximately $25,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Dollar General during the 2nd quarter worth about $25,000. Atlantic Union Bankshares Corp acquired a new position in shares of Dollar General in the 2nd quarter valued at $26,000. Peoples Financial Services CORP. purchased a new position in shares of Dollar General during the third quarter worth about $35,000. Finally, Byrne Asset Management LLC grew its stake in Dollar General by 952.6% during the 3rd quarter. Byrne Asset Management LLC now owns 400 shares of the company’s stock worth $41,000 after buying an additional 362 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DG. Gordon Haskett increased their price target on Dollar General from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Jefferies Financial Group reiterated a “buy” rating and set a $165.00 target price on shares of Dollar General in a research report on Monday, January 12th. Wall Street Zen raised shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Wolfe Research upped their price objective on shares of Dollar General from $141.00 to $159.00 and gave the company an “outperform” rating in a research note on Monday, December 22nd. Finally, Evercore ISI lifted their price target on Dollar General from $130.00 to $135.00 and gave the company an “in-line” rating in a report on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $140.19.

Insider Activity

In other news, EVP Bryan D. Wheeler sold 9,776 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $135.32, for a total transaction of $1,322,888.32. Following the transaction, the executive vice president directly owned 22,295 shares of the company’s stock, valued at approximately $3,016,959.40. This trade represents a 30.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carman R. Wenkoff sold 19,166 shares of the business’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 value of $2,530,103.66. Following the sale, the executive vice president directly owned 43,179 shares in the company, valued at approximately $5,700,059.79. The trade was a 30.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,673 shares of company stock valued at $7,713,389 over the last quarter. Corporate insiders own 0.56% of the company’s stock.

Dollar General Stock Performance

Dollar General stock opened at $146.58 on Wednesday. Dollar General Corporation has a 52 week low of $69.09 and a 52 week 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. The stock has a market cap of $32.27 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 2.70 and a beta of 0.26. The stock has a 50 day moving average of $127.53 and a 200-day moving average of $114.03.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS 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 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 was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th were paid 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 payout ratio is presently 40.76%.

Dollar General Company 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.