Dollar General Corporation $DG Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in Dollar General Corporation (NYSE:DG) by 84.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,177 shares of the company’s stock after purchasing an additional 23,499 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Dollar General were worth $4,932,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DG. Sequoia Financial Advisors LLC raised its stake in shares of Dollar General by 31.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 7,343 shares of the company’s stock worth $759,000 after buying an additional 1,765 shares during the period. Maryland State Retirement & Pension System lifted its holdings in Dollar General by 3.5% during the third quarter. Maryland State Retirement & Pension System now owns 11,046 shares of the company’s stock valued at $1,142,000 after purchasing an additional 370 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of Dollar General by 90.0% in the third quarter. QRG Capital Management Inc. now owns 4,865 shares of the company’s stock valued at $503,000 after purchasing an additional 2,305 shares during the period. Evergreen Capital Management LLC increased its stake in shares of Dollar General by 25.1% during the third quarter. Evergreen Capital Management LLC now owns 3,251 shares of the company’s stock worth $336,000 after purchasing an additional 653 shares in the last quarter. Finally, Leavell Investment Management Inc. purchased a new stake in shares of Dollar General during the third quarter worth about $297,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on DG shares. Argus increased their target price on Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Daiwa Capital Markets lifted their target price 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. The Goldman Sachs Group raised shares of Dollar General from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Raymond James Financial restated an “outperform” rating and set a $135.00 price target on shares of Dollar General in a research report on Friday, December 5th. Finally, Wall Street Zen upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus target price of $140.19.

Dollar General Price Performance

NYSE:DG opened at $150.50 on Tuesday. Dollar General Corporation has a 52 week low of $69.32 and a 52 week high of $154.75. The stock’s fifty day moving average is $131.00 and its two-hundred day moving average is $114.99. The company has a market capitalization of $33.13 billion, a P/E ratio of 25.99, a P/E/G ratio of 2.66 and a beta of 0.26. 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 issued its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.33. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The firm had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period last year, the company earned $0.89 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Equities analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Rhonda Taylor sold 7,500 shares of Dollar General 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 owned 73,492 shares in the company, valued at approximately $9,913,335.88. The trade was a 9.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Anita C. Elliott sold 2,516 shares of the stock in a transaction on Friday, December 12th. The shares were 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,673 shares of company stock valued at $7,713,389 over the last quarter. 0.56% of the stock is owned by corporate 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.