Allstate Corp Makes New $824,000 Investment in Dollar General Corporation $DG

Allstate Corp bought a new stake in Dollar General Corporation (NYSE:DG) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,971 shares of the company’s stock, valued at approximately $824,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DG. Elevation Point Wealth Partners LLC acquired a new position in Dollar General during the second quarter valued at approximately $25,000. Caldwell Trust Co bought a new position in shares of Dollar General in the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp acquired a new position in shares of Dollar General during the 2nd quarter worth $26,000. Peoples Financial Services CORP. bought a new stake in shares of Dollar General during the 3rd quarter worth $35,000. Finally, Byrne Asset Management LLC boosted its stake in Dollar General by 952.6% in the third quarter. Byrne Asset Management LLC now owns 400 shares of the company’s stock valued at $41,000 after buying an additional 362 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

DG has been the subject of several research analyst reports. BMO Capital Markets boosted their target price on Dollar General from $115.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, December 5th. Gordon Haskett lifted their price target 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. Wells Fargo & Company increased their price objective on shares of Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, December 19th. Argus raised their target price on shares of Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Finally, Guggenheim upped their price target on shares of Dollar General from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Fourteen analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $140.19.

Dollar General Stock Performance

NYSE DG opened at $147.12 on Thursday. The company has a market capitalization of $32.38 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 2.66 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. Dollar General Corporation has a twelve month low of $69.32 and a twelve month high of $154.75. The stock has a fifty day simple moving average of $128.39 and a 200 day simple moving average of $114.27.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, December 4th. The company reported $1.28 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 analyst estimates of $10.60 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The business’s 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. Sell-side analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, January 6th. This represents a $2.36 annualized dividend and a yield of 1.6%. Dollar General’s dividend payout ratio (DPR) is presently 40.76%.

Insider Transactions at Dollar General

In other news, EVP Rhonda Taylor sold 7,500 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total value of $1,011,675.00. Following the sale, the executive vice president directly owned 73,492 shares of the company’s stock, valued at approximately $9,913,335.88. This represents a 9.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Carman R. Wenkoff sold 19,166 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the sale, the executive vice president owned 43,179 shares of the company’s stock, valued at approximately $5,700,059.79. This trade represents a 30.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 58,673 shares of company stock worth $7,713,389. Company insiders own 0.56% of the company’s stock.

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.