Benjamin Edwards Inc. Acquires 6,759 Shares of Dollar General Corporation $DG

Benjamin Edwards Inc. raised its stake in Dollar General Corporation (NYSE:DG) by 13.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,388 shares of the company’s stock after acquiring an additional 6,759 shares during the quarter. Benjamin Edwards Inc.’s holdings in Dollar General were worth $6,035,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ameritas Advisory Services LLC bought a new position in shares of Dollar General during the 2nd quarter worth about $101,000. Vanguard Group Inc. raised its stake in Dollar General by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock worth $3,067,403,000 after buying an additional 384,447 shares during the period. Empowered Funds LLC boosted its holdings in Dollar General by 483.1% in the second quarter. Empowered Funds LLC now owns 30,630 shares of the company’s stock worth $3,503,000 after acquiring an additional 25,377 shares in the last quarter. Korea Investment CORP grew its stake in Dollar General by 1.6% in the second quarter. Korea Investment CORP now owns 155,275 shares of the company’s stock valued at $17,760,000 after acquiring an additional 2,511 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in Dollar General by 228.3% in the second quarter. Rockefeller Capital Management L.P. now owns 34,647 shares of the company’s stock valued at $3,963,000 after acquiring an additional 24,094 shares during the period. 91.77% of the stock is owned by institutional investors.

Dollar General Price Performance

Shares of NYSE:DG opened at $142.79 on Friday. The firm has a market capitalization of $31.43 billion, a PE ratio of 24.66, a P/E/G ratio of 2.62 and a beta of 0.26. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $120.59 and a two-hundred day moving average price of $112.31. Dollar General Corporation has a twelve month low of $66.43 and a twelve month 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 for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The business had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the business earned $0.89 EPS. Dollar General’s revenue was up 4.6% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Equities analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.7%. Dollar General’s dividend payout ratio (DPR) is presently 40.76%.

Insider Activity

In other news, EVP Roderick J. West sold 2,282 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $133.35, for a total transaction of $304,304.70. Following the completion of the sale, the executive vice president owned 36,108 shares of the company’s stock, valued at approximately $4,815,001.80. This represents a 5.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rhonda Taylor sold 7,500 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total transaction of $1,011,675.00. Following the sale, the executive vice president directly owned 73,492 shares of the company’s stock, valued at $9,913,335.88. The trade was a 9.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 58,673 shares of company stock valued at $7,713,389. 0.56% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DG shares. Evercore ISI increased their target price on Dollar General from $130.00 to $135.00 and gave the stock an “in-line” rating in a report on Tuesday, December 23rd. Sanford C. Bernstein raised their price objective on shares of Dollar General from $141.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday. Gordon Haskett lifted their price objective on shares of Dollar General from $140.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Oppenheimer upped their target price on shares of Dollar General from $138.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $130.00 price target (up previously from $123.00) on shares of Dollar General in a research report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, Dollar General presently has an average rating of “Moderate Buy” and an average price target of $137.62.

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.