Absher Wealth Management LLC Has $1.13 Million Stake in Dollar General Corporation $DG

Absher Wealth Management LLC trimmed its stake in shares of Dollar General Corporation (NYSE:DG) by 42.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,929 shares of the company’s stock after selling 8,173 shares during the quarter. Absher Wealth Management LLC’s holdings in Dollar General were worth $1,130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Dollar General by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock valued at $3,067,403,000 after acquiring an additional 384,447 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Dollar General by 116.0% during the second 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 during the last quarter. Baupost Group LLC MA boosted its stake in Dollar General by 26.7% in the second quarter. Baupost Group LLC MA now owns 2,666,876 shares of the company’s stock valued at $305,037,000 after buying an additional 562,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Dollar General by 4.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,778,479 shares of the company’s stock valued at $203,422,000 after acquiring an additional 70,588 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Dollar General by 3.0% during the second quarter. Russell Investments Group Ltd. now owns 1,513,611 shares of the company’s stock worth $173,130,000 after acquiring an additional 43,602 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Carman R. Wenkoff sold 19,166 shares of Dollar General 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bryan D. Wheeler sold 9,776 shares of the business’s stock in a transaction on Friday, December 19th. The stock was 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 $3,016,959.40. This represents a 30.48% decrease in their ownership of the stock. 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 over the last 90 days. Insiders own 0.56% of the company’s stock.

Dollar General Stock Up 4.2%

DG stock opened at $144.72 on Wednesday. The stock has a market cap of $31.86 billion, a P/E ratio of 24.99, a P/E/G ratio of 2.53 and a beta of 0.26. 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 stock’s fifty day simple moving average is $117.95 and its two-hundred day simple moving average is $111.68. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $146.19.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $0.95 by $0.33. The business had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. 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 year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $2.36 annualized dividend and a yield of 1.6%. Dollar General’s dividend payout ratio (DPR) is currently 40.76%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DG. Telsey Advisory Group reaffirmed a “market perform” rating and set a $130.00 price target (up from $123.00) on shares of Dollar General in a report on Thursday, December 4th. Morgan Stanley upped their price target on shares of Dollar General from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dollar General in a report on Monday, December 29th. Wells Fargo & Company upped their target price on Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, December 19th. Finally, Oppenheimer increased their price target on Dollar General from $138.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $133.23.

Dollar General Company 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.