Savoir Faire Capital Management L.P. Buys 19,126 Shares of Dollar General Corporation $DG

Savoir Faire Capital Management L.P. boosted its stake in shares of Dollar General Corporation (NYSE:DG) by 25.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,932 shares of the company’s stock after purchasing an additional 19,126 shares during the quarter. Dollar General accounts for approximately 3.4% of Savoir Faire Capital Management L.P.’s holdings, making the stock its 10th biggest position. Savoir Faire Capital Management L.P.’s holdings in Dollar General were worth $9,605,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC acquired a new position in shares of Dollar General during the second quarter valued at about $25,000. Caldwell Trust Co bought a new position in Dollar General during the second quarter valued at about $25,000. Atlantic Union Bankshares Corp acquired a new position in Dollar General in the 2nd quarter valued at approximately $26,000. Root Financial Partners LLC bought a new stake in shares of Dollar General in the 3rd quarter worth approximately $26,000. Finally, Peoples Financial Services CORP. acquired a new stake in shares of Dollar General during the 3rd quarter worth approximately $35,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Argus upped their target price on Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. UBS Group increased their price objective on shares of Dollar General from $135.00 to $143.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Truist Financial set a $144.00 price objective on shares of Dollar General in a report on Friday, January 16th. Gordon Haskett upped their target price on shares of Dollar General from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Finally, BMO Capital Markets raised their price target on shares of Dollar General from $115.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, December 5th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $140.19.

Insider Activity at Dollar General

In other news, EVP Carman R. Wenkoff sold 19,166 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the sale, the executive vice president directly owned 43,179 shares of the company’s stock, valued at $5,700,059.79. This represents a 30.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Bryan D. Wheeler sold 9,776 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 22,295 shares of the company’s stock, valued at approximately $3,016,959.40. This represents a 30.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,673 shares of company stock valued at $7,713,389 in the last three months. 0.56% of the stock is currently owned by corporate insiders.

Dollar General Trading Up 1.6%

DG stock opened at $146.87 on Monday. The business has a fifty day moving average price of $130.05 and a 200 day moving average price of $114.72. 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 fifty-two week low of $69.32 and a fifty-two week high of $154.75. The stock has a market capitalization of $32.33 billion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 2.66 and a beta of 0.26.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 4th. The company reported $1.28 EPS 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 company had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the prior year, the business earned $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 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 was paid on Tuesday, January 20th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.6%. Dollar General’s payout ratio is currently 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.