AlphaQuest LLC Has $1.97 Million Stock Holdings in Dollar General Corporation $DG

AlphaQuest LLC grew its holdings in shares of Dollar General Corporation (NYSE:DG) by 2,008.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,036 shares of the company’s stock after buying an additional 18,133 shares during the quarter. AlphaQuest LLC’s holdings in Dollar General were worth $1,967,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Accurate Wealth Management LLC grew its stake in Dollar General by 1.2% in the third quarter. Accurate Wealth Management LLC now owns 9,182 shares of the company’s stock valued at $952,000 after purchasing an additional 108 shares in the last quarter. Blue Trust Inc. boosted its holdings 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 valued at $229,000 after buying an additional 110 shares during the last quarter. Stablepoint Partners LLC boosted its holdings in shares of Dollar General by 0.6% in the 2nd quarter. Stablepoint Partners LLC now owns 17,474 shares of the company’s stock valued at $1,999,000 after buying an additional 110 shares during the last quarter. Tectonic Advisors LLC increased its holdings in Dollar General by 1.9% during the second quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock worth $691,000 after buying an additional 113 shares during the last quarter. Finally, Wedmont Private Capital lifted its stake in Dollar General by 2.1% in 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 last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

Dollar General stock opened at $143.42 on Friday. The stock has a market cap of $31.57 billion, a PE ratio of 24.77, a P/E/G ratio of 2.57 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 12-month low of $69.32 and a 12-month high of $154.75. The business’s 50-day moving average price is $134.45 and its two-hundred day moving average price is $115.83.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 18.59% and a net margin of 3.03%.Dollar General’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DG. Argus boosted their price objective on shares of Dollar General from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Morgan Stanley boosted their price target on Dollar General from $135.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Guggenheim upped their price objective on Dollar General from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, December 5th. UBS Group lifted their target price on Dollar General from $135.00 to $143.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Finally, Loop Capital boosted their target price on Dollar General from $100.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, December 5th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average price target of $141.27.

Insider Activity at Dollar General

In other Dollar General news, EVP Bryan D. Wheeler sold 9,776 shares of Dollar General stock in a transaction dated 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 transaction, the executive vice president directly owned 22,295 shares of the company’s stock, valued at approximately $3,016,959.40. The trade was a 30.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anita C. Elliott sold 2,516 shares of Dollar General stock in a transaction that occurred on Friday, December 12th. The stock was 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 directly owned 29,344 shares in the company, valued at approximately $3,888,666.88. This represents a 7.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,673 shares of company stock valued at $7,713,389 in the last quarter. Insiders own 0.56% of the company’s stock.

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.