Triad Wealth Partners LLC Purchases New Position in Dollar General Corporation $DG

Triad Wealth Partners LLC acquired a new position in shares of Dollar General Corporation (NYSE:DG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,584 shares of the company’s stock, valued at approximately $370,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new stake in Dollar General during the 2nd quarter worth $101,000. Vanguard Group Inc. raised its holdings in shares of Dollar General by 1.5% in the second quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock valued at $3,067,403,000 after buying an additional 384,447 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Dollar General by 483.1% during the second quarter. Empowered Funds LLC now owns 30,630 shares of the company’s stock worth $3,503,000 after buying an additional 25,377 shares during the period. Korea Investment CORP boosted its stake in shares of Dollar General by 1.6% during the second quarter. Korea Investment CORP now owns 155,275 shares of the company’s stock worth $17,760,000 after buying an additional 2,511 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Dollar General by 228.3% during the second quarter. Rockefeller Capital Management L.P. now owns 34,647 shares of the company’s stock worth $3,963,000 after buying an additional 24,094 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Piper Sandler upped their price objective on Dollar General from $117.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Daiwa Capital Markets upped their price target on Dollar General from $113.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. Truist Financial set a $144.00 price target on Dollar General in a report on Friday, January 16th. Wall Street Zen raised shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, Raymond James Financial restated an “outperform” rating and issued a $135.00 target price on shares of Dollar General in a research note on Friday, December 5th. Fourteen analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $140.19.

Insider Buying and Selling at Dollar General

In related news, EVP Roderick J. West sold 2,282 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $133.35, for a total value of $304,304.70. Following the sale, the executive vice president owned 36,108 shares in the company, valued at $4,815,001.80. This represents a 5.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Rhonda Taylor sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total value of $1,011,675.00. Following the completion of the transaction, the executive vice president directly owned 73,492 shares of the company’s stock, valued at $9,913,335.88. The trade was a 9.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 58,673 shares of company stock worth $7,713,389. Corporate insiders own 0.56% of the company’s stock.

Dollar General Price Performance

Dollar General stock opened at $144.68 on Friday. The company has a market cap of $31.85 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 2.67 and a beta of 0.26. Dollar General Corporation has a one year low of $69.32 and a one year high of $154.75. The business has a fifty day moving average of $129.20 and a two-hundred day moving average of $114.48. 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 quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating 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 business had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the firm posted $0.89 EPS. The business’s 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. As a group, analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, January 6th. Dollar General’s dividend payout ratio (DPR) is presently 40.76%.

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.