IRON Financial LLC Buys Shares of 7,580 Dollar General Corporation $DG

IRON Financial LLC bought a new position in shares of Dollar General Corporation (NYSE:DG) in the 3rd quarter, HoldingsChannel reports. The fund bought 7,580 shares of the company’s stock, valued at approximately $783,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DG. Caldwell Trust Co purchased a new position in shares of Dollar General during the 2nd quarter worth approximately $25,000. Elevation Point Wealth Partners LLC acquired a new position in Dollar General during the second quarter worth $25,000. Atlantic Union Bankshares Corp purchased a new position in shares of Dollar General during the second quarter worth $26,000. Byrne Asset Management LLC grew its stake in shares of Dollar General by 952.6% in the third quarter. Byrne Asset Management LLC now owns 400 shares of the company’s stock valued at $41,000 after buying an additional 362 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Dollar General by 46.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock worth $50,000 after acquiring an additional 140 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DG has been the subject of several research reports. Daiwa Capital Markets lifted their target price on Dollar General from $113.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Barclays lifted their price objective on shares of Dollar General from $127.00 to $151.00 and gave the company an “overweight” rating in a report on Thursday. Truist Financial increased their target price on shares of Dollar General from $120.00 to $129.00 and gave the stock a “hold” rating in a report on Friday, December 5th. Gordon Haskett raised their price target on shares of Dollar General from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Finally, UBS Group upped their price objective on Dollar General from $135.00 to $143.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.62.

Insider Activity

In other news, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was 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 directly owned 29,344 shares of the company’s stock, valued at approximately $3,888,666.88. The trade was a 7.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carman R. Wenkoff sold 19,166 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total value of $2,530,103.66. Following the transaction, the executive vice president owned 43,179 shares in the company, valued at $5,700,059.79. This represents a 30.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,673 shares of company stock worth $7,713,389 over the last three months. Company insiders own 0.56% of the company’s stock.

Dollar General Stock Down 0.8%

Dollar General stock opened at $142.79 on Friday. The stock has a market cap of $31.43 billion, a PE ratio of 24.66, a P/E/G ratio of 2.60 and a beta of 0.26. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. The stock’s fifty day moving average is $120.59 and its two-hundred day moving average is $112.31. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $146.19.

Dollar General (NYSE:DG) last released 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 during the quarter, compared to analysts’ expectations of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 EPS. 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 fiscal year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th will be given a $0.59 dividend. 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 dividend payout ratio (DPR) is 40.76%.

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.