Dollar General Corporation $DG Shares Bought by Strs Ohio

Strs Ohio lifted its stake in Dollar General Corporation (NYSE:DG) by 97.6% during the third quarter, Holdings Channel reports. The institutional investor owned 490,552 shares of the company’s stock after acquiring an additional 242,302 shares during the quarter. Strs Ohio’s holdings in Dollar General were worth $50,699,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

DG has been the topic of several research analyst reports. UBS Group lifted their target price on shares of Dollar General from $135.00 to $143.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dollar General in a research note on Monday, December 29th. Truist Financial set a $144.00 price target on Dollar General in a research note on Friday, January 16th. The Goldman Sachs Group upgraded Dollar General from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Finally, Gordon Haskett upped their target price on shares of Dollar General from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Fourteen analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $140.19.

Insider Buying and Selling

In other Dollar General news, CAO Anita C. Elliott sold 2,516 shares of Dollar General stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $132.52, for a total value of $333,420.32. Following the completion of the transaction, the chief accounting officer directly owned 29,344 shares of the company’s stock, valued at $3,888,666.88. The trade was a 7.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Tracey N. Herrmann sold 12,583 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 30,948 shares in the company, valued at $3,870,666.36. This represents a 28.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 58,673 shares of company stock worth $7,713,389 over the last 90 days. 0.56% of the stock is owned by insiders.

Dollar General Trading Down 1.7%

NYSE DG opened at $144.68 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. The stock has a market capitalization of $31.85 billion, a P/E ratio of 24.99, a PEG ratio of 2.67 and a beta of 0.26. The firm’s 50-day moving average is $129.20 and its two-hundred day moving average is $114.48. Dollar General Corporation has a 12 month low of $69.32 and a 12 month high of $154.75.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, topping the consensus estimate 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 business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, sell-side analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

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