Dollar General (NYSE:DG) EVP Rhonda Taylor Sells 7,500 Shares

Dollar General Corporation (NYSE:DG) EVP Rhonda Taylor sold 7,500 shares of Dollar General stock in a transaction that occurred on Tuesday, December 16th. The stock was 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 of the company’s stock, valued at approximately $9,913,335.88. This trade represents a 9.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Dollar General Stock Down 0.4%

Shares of DG opened at $136.36 on Thursday. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average of $108.59 and a 200 day moving average of $109.21. The company has a market cap of $30.01 billion, a PE ratio of 23.54, a P/E/G ratio of 2.44 and a beta of 0.27. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $137.60.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. The business had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, sell-side 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 will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, January 6th. Dollar General’s payout ratio is currently 40.76%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DG shares. BNP Paribas Exane lifted their price objective on shares of Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Citigroup lifted their price objective on Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a report on Monday, December 8th. Truist Financial raised their target price on shares of Dollar General from $120.00 to $129.00 and gave the company a “hold” rating in a research report on Friday, December 5th. JPMorgan Chase & Co. upgraded shares of Dollar General from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $128.00 to $166.00 in a research note on Monday. Finally, Gordon Haskett boosted their price objective on shares of Dollar General from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average target price of $130.52.

Hedge Funds Weigh In On Dollar General

Institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of Dollar General by 416.4% during the third quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock worth $259,759,000 after acquiring an additional 2,036,573 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Dollar General by 116.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock worth $310,538,000 after purchasing an additional 1,458,093 shares in the last quarter. Royal Bank of Canada increased its stake in Dollar General by 251.6% during the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock valued at $178,983,000 after purchasing an additional 1,456,549 shares in the last quarter. Norges Bank acquired a new position in shares of Dollar General in the 2nd quarter valued at $154,371,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Dollar General by 15,369.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,219,179 shares of the company’s stock valued at $139,450,000 after purchasing an additional 1,211,298 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.