Anita Elliott Sells 2,516 Shares of Dollar General (NYSE:DG) Stock

Dollar General Corporation (NYSE:DG) CAO Anita Elliott sold 2,516 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $132.52, for a total transaction of $333,420.32. Following the completion of the transaction, the chief accounting officer 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dollar General Stock Up 1.2%

Dollar General stock opened at $134.47 on Wednesday. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $135.68. The stock has a fifty day simple moving average of $107.82 and a two-hundred day simple moving average of $109.01. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63. The firm has a market cap of $29.60 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 2.42 and a beta of 0.27.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the company posted $0.89 earnings per share. 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 predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.8%. Dollar General’s payout ratio is currently 40.76%.

Institutional Trading of Dollar General

Hedge funds have recently bought and sold shares of the stock. Cardinal Point Capital Management ULC increased its stake in shares of Dollar General by 5.0% in the third quarter. Cardinal Point Capital Management ULC now owns 2,120 shares of the company’s stock valued at $219,000 after buying an additional 100 shares in the last quarter. Brooks Moore & Associates Inc. increased its position in Dollar General by 1.3% in the 3rd quarter. Brooks Moore & Associates Inc. now owns 7,590 shares of the company’s stock valued at $784,000 after acquiring an additional 100 shares in the last quarter. Meridian Wealth Management LLC increased its position in Dollar General by 5.5% in the 3rd quarter. Meridian Wealth Management LLC now owns 1,955 shares of the company’s stock valued at $202,000 after acquiring an additional 102 shares in the last quarter. Accurate Wealth Management LLC raised its stake in shares of Dollar General by 1.2% in the third quarter. Accurate Wealth Management LLC now owns 9,182 shares of the company’s stock worth $952,000 after acquiring an additional 108 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Dollar General by 5.8% during the second quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock worth $229,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DG. Barclays raised their target price on shares of Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Wells Fargo & Company raised their price target on Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Loop Capital lifted their price objective on Dollar General from $100.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, December 5th. Wall Street Zen raised Dollar General from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Guggenheim boosted their price target on Dollar General from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $130.52.

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.