Cumberland Partners Ltd Makes New $1.55 Million Investment in Dollar General Corporation $DG

Cumberland Partners Ltd purchased a new stake in Dollar General Corporation (NYSE:DG) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,000 shares of the company’s stock, valued at approximately $1,550,000.

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

Dollar General Stock Up 1.6%

DG opened at $152.04 on Thursday. The firm has a market cap of $33.47 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 2.49 and a beta of 0.25. Dollar General Corporation has a twelve month low of $70.01 and a twelve month high of $155.00. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17. The business has a 50 day moving average price of $143.14 and a 200 day moving average price of $119.52.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.33. The business 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%. Dollar General’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $0.89 earnings per share. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th were given a $0.59 dividend. 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 is 40.76%.

Insider Activity

In other news, EVP Tracey N. Herrmann sold 12,583 shares of Dollar General stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $125.07, for a total value of $1,573,755.81. Following the completion of the transaction, the executive vice president owned 30,948 shares in the company, valued at approximately $3,870,666.36. The trade was a 28.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $132.52, for a total transaction of $333,420.32. Following the completion of the transaction, the chief accounting officer owned 29,344 shares of the company’s stock, valued at $3,888,666.88. This trade represents a 7.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 58,673 shares of company stock valued at $7,713,389. 0.56% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DG shares. Deutsche Bank Aktiengesellschaft upgraded Dollar General from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Thursday, January 8th. Citigroup lifted their target price on Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Daiwa Securities Group boosted their price target on Dollar General from $113.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th. Raymond James Financial reissued an “outperform” rating and set a $135.00 price target on shares of Dollar General in a report on Friday, December 5th. Finally, Rothschild & Co Redburn set a $111.00 price target on Dollar General and gave the company a “sell” rating in a research report on Tuesday. Fourteen research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $144.44.

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.