Tobam Boosts Stake in Dollar General Corporation $DG

Tobam raised its position in shares of Dollar General Corporation (NYSE:DG) by 18.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,447 shares of the company’s stock after buying an additional 8,043 shares during the quarter. Dollar General comprises 2.0% of Tobam’s portfolio, making the stock its 14th biggest holding. Tobam’s holdings in Dollar General were worth $5,420,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DG. Elevation Point Wealth Partners LLC purchased a new position in shares of Dollar General in the second quarter valued at $25,000. Caldwell Trust Co bought a new position in Dollar General during the second quarter valued at $25,000. Atlantic Union Bankshares Corp purchased a new position in shares of Dollar General in the 2nd quarter worth $26,000. Root Financial Partners LLC bought a new stake in shares of Dollar General in the 3rd quarter worth about $26,000. Finally, Peoples Financial Services CORP. purchased a new stake in shares of Dollar General during the 3rd quarter valued at about $35,000. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

DG has been the subject of several recent research reports. Piper Sandler lifted their price target on Dollar General from $117.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Guggenheim boosted their target price on Dollar General from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Argus raised their price target on Dollar General from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Daiwa Securities Group lifted their price objective on shares of Dollar General from $113.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research note on Thursday, January 8th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus price target of $144.78.

Insider Activity at Dollar General

In other Dollar General news, EVP Bryan D. Wheeler sold 9,776 shares of the stock in a transaction dated Friday, December 19th. The shares were 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 in the company, valued at $3,016,959.40. This represents a 30.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rhonda Taylor sold 7,500 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total transaction of $1,011,675.00. Following the completion of the sale, the executive vice president owned 73,492 shares of the company’s stock, valued at approximately $9,913,335.88. This represents a 9.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 58,673 shares of company stock worth $7,713,389 over the last three months. Corporate insiders own 0.56% of the company’s stock.

Dollar General Stock Performance

DG stock opened at $153.76 on Monday. Dollar General Corporation has a twelve month low of $70.01 and a twelve month high of $154.75. The firm has a market cap of $33.85 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 2.56 and a beta of 0.24. The business’s fifty day simple moving average is $141.54 and its two-hundred day simple moving average is $118.65. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, topping 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 firm had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $2.36 annualized dividend and a yield of 1.5%. Dollar General’s dividend payout ratio is 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.