Dollar General Corporation $DG Shares Sold by Carmel Capital Partners LLC

Carmel Capital Partners LLC lessened its holdings in shares of Dollar General Corporation (NYSE:DG) by 22.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 18,857 shares of the company’s stock after selling 5,394 shares during the quarter. Dollar General comprises approximately 0.8% of Carmel Capital Partners LLC’s holdings, making the stock its 26th largest position. Carmel Capital Partners LLC’s holdings in Dollar General were worth $1,949,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Accurate Wealth Management LLC lifted its holdings in 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 purchasing an additional 108 shares during the period. Blue Trust Inc. lifted its stake in shares of Dollar General by 5.8% in the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock worth $229,000 after acquiring an additional 110 shares during the period. Stablepoint Partners LLC boosted its holdings in shares of Dollar General by 0.6% in the second quarter. Stablepoint Partners LLC now owns 17,474 shares of the company’s stock valued at $1,999,000 after acquiring an additional 110 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in shares of Dollar General by 1.9% in the second quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock valued at $691,000 after acquiring an additional 113 shares in the last quarter. Finally, Wedmont Private Capital increased its stake in shares of Dollar General by 2.1% during the third quarter. Wedmont Private Capital now owns 5,810 shares of the company’s stock valued at $560,000 after acquiring an additional 118 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DG. Deutsche Bank Aktiengesellschaft raised Dollar General from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research note on Thursday, January 8th. Wolfe Research raised their target price on Dollar General from $141.00 to $159.00 and gave the company an “outperform” rating in a research note on Monday, December 22nd. The Goldman Sachs Group raised Dollar General from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Sanford C. Bernstein upped their price target on shares of Dollar General from $141.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Finally, Wall Street Zen upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $140.19.

Dollar General Trading Down 1.7%

Shares of DG opened at $144.68 on Friday. The business’s 50-day moving average price is $129.20 and its 200 day moving average price is $114.48. 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 has a market capitalization of $31.85 billion, a P/E ratio of 24.99, a P/E/G ratio of 2.67 and a beta of 0.26. Dollar General Corporation has a 1-year low of $69.32 and a 1-year high of $154.75.

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. The company had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company 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 earnings per share for the current year.

Dollar General Announces Dividend

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

Insider Buying and Selling

In other Dollar General news, EVP Roderick J. West sold 2,282 shares of the firm’s stock in a transaction dated 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 directly owned 36,108 shares in the company, valued at approximately $4,815,001.80. This trade represents a 5.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Anita C. Elliott sold 2,516 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $132.52, for a total value of $333,420.32. Following the completion of the transaction, the chief accounting officer owned 29,344 shares in the company, valued at $3,888,666.88. This represents a 7.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 58,673 shares of company stock valued at $7,713,389. 0.56% of the stock is currently owned by company insiders.

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.