Pekin Hardy Strauss Inc. Boosts Stake in Dollar General Corporation $DG

Pekin Hardy Strauss Inc. grew its holdings in shares of Dollar General Corporation (NYSE:DG) by 5.7% in the 3rd quarter, Holdings Channel reports. The fund owned 106,617 shares of the company’s stock after acquiring an additional 5,795 shares during the period. Dollar General accounts for about 1.1% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 15th biggest position. Pekin Hardy Strauss Inc.’s holdings in Dollar General were worth $11,019,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ontario Teachers Pension Plan Board boosted its holdings in Dollar General by 303.0% in the third quarter. Ontario Teachers Pension Plan Board now owns 17,930 shares of the company’s stock valued at $1,853,000 after purchasing an additional 13,481 shares during the last quarter. Cumberland Partners Ltd acquired a new position in shares of Dollar General in the 3rd quarter valued at approximately $1,550,000. NewEdge Wealth LLC purchased a new position in shares of Dollar General during the 3rd quarter valued at approximately $457,000. Alberta Investment Management Corp acquired a new stake in shares of Dollar General during the third quarter worth approximately $4,764,000. Finally, Syon Capital LLC acquired a new stake in shares of Dollar General during the third quarter worth approximately $763,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DG. BMO Capital Markets increased their price objective on shares of Dollar General from $130.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 13th. Gordon Haskett increased their price target on shares of Dollar General from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a report on Monday, December 29th. Truist Financial set a $144.00 price objective on Dollar General in a research note on Friday, January 16th. Finally, The Goldman Sachs Group upgraded Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and an average price target of $144.44.

Insider Transactions at Dollar General

In related news, EVP Tracey N. Herrmann sold 12,583 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $125.07, for a total value of $1,573,755.81. Following the completion of the transaction, the executive vice president directly owned 30,948 shares of the company’s stock, valued at $3,870,666.36. This represents a 28.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Carman R. Wenkoff sold 19,166 shares of Dollar General stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total value of $2,530,103.66. Following the sale, the executive vice president directly owned 43,179 shares in the company, valued at $5,700,059.79. The trade was a 30.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,673 shares of company stock worth $7,713,389 in the last quarter. 0.56% of the stock is currently owned by corporate insiders.

Dollar General Trading Down 0.1%

NYSE:DG opened at $151.81 on Friday. The firm has a market capitalization of $33.42 billion, a P/E ratio of 26.22, a P/E/G ratio of 2.53 and a beta of 0.25. The business has a 50 day simple moving average of $143.52 and a 200 day simple moving average of $119.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. Dollar General Corporation has a 12-month low of $70.01 and a 12-month high of $155.00.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the company earned $0.89 earnings per share. The firm’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. Equities research analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, January 6th. Dollar General’s payout ratio 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.