Glenview Trust Co Sells 5,272 Shares of Dollar General Corporation $DG

Glenview Trust Co lessened its stake in shares of Dollar General Corporation (NYSE:DG) by 21.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,522 shares of the company’s stock after selling 5,272 shares during the quarter. Glenview Trust Co’s holdings in Dollar General were worth $2,018,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caldwell Trust Co bought a new stake in shares of Dollar General during 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 valued at $26,000. Root Financial Partners LLC acquired a new position in Dollar General during the third quarter worth $26,000. Finally, Peoples Financial Services CORP. bought a new position in shares of Dollar General in the third quarter valued at $35,000. 91.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on DG. Weiss Ratings restated a “hold (c-)” rating on shares of Dollar General in a report on Monday, December 29th. Wolfe Research boosted their price objective on Dollar General from $141.00 to $159.00 and gave the stock an “outperform” rating in a report on Monday, December 22nd. Gordon Haskett raised their target price on Dollar General from $170.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Rothschild & Co Redburn set a $111.00 price target on Dollar General and gave the stock a “sell” rating in a report on Tuesday. Finally, Sanford C. Bernstein increased their price target on Dollar General from $141.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Fourteen investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $144.44.

Dollar General Trading Down 2.7%

NYSE DG opened at $149.70 on Wednesday. The stock has a market cap of $32.95 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 2.56 and a beta of 0.25. Dollar General Corporation has a fifty-two week low of $70.01 and a fifty-two week high of $155.00. The stock has a 50 day simple moving average of $142.61 and a two-hundred day simple moving average of $119.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17.

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

Dollar General Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.6%. Dollar General’s payout ratio is currently 40.76%.

Insider Buying and Selling

In related news, EVP Carman R. Wenkoff sold 19,166 shares of Dollar General stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the sale, the executive vice president directly owned 43,179 shares in the company, valued at $5,700,059.79. The trade was a 30.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anita C. Elliott sold 2,516 shares of the company’s stock in a transaction on 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 sale, the chief accounting officer directly 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 disclosure for this sale is available in the SEC filing. Insiders sold 58,673 shares of company stock valued at $7,713,389 over the last quarter. 0.56% of the stock is currently owned by insiders.

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.