Wealthfront Advisers LLC Increases Position in Dollar General Corporation $DG

Wealthfront Advisers LLC raised its position in shares of Dollar General Corporation (NYSE:DG) by 4.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,918 shares of the company’s stock after purchasing an additional 5,022 shares during the period. Wealthfront Advisers LLC owned approximately 0.05% of Dollar General worth $11,463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its position 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 valued at $310,538,000 after acquiring an additional 1,458,093 shares during the last quarter. Norges Bank purchased a new stake in shares of Dollar General in the 2nd quarter valued at $154,371,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Dollar General by 15,369.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,219,179 shares of the company’s stock valued at $139,450,000 after purchasing an additional 1,211,298 shares during the last quarter. Laurel Wealth Advisors LLC grew its holdings in shares of Dollar General by 10,936.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,204,193 shares of the company’s stock valued at $137,736,000 after purchasing an additional 1,193,282 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Dollar General by 845.0% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,178,232 shares of the company’s stock worth $134,766,000 after purchasing an additional 1,053,555 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dollar General

In other Dollar General news, EVP Carman R. Wenkoff sold 19,166 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $132.01, for a total value of $2,530,103.66. Following the transaction, the executive vice president owned 43,179 shares of the company’s stock, valued at approximately $5,700,059.79. This represents a 30.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $333,420.32. Following the sale, the chief accounting officer directly owned 29,344 shares of the company’s stock, valued at $3,888,666.88. The trade was a 7.90% decrease in their position. 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 90 days. 0.56% of the stock is owned by company insiders.

Dollar General Stock Performance

Dollar General stock opened at $146.07 on Wednesday. The company has a market capitalization of $32.15 billion, a P/E ratio of 25.23, a PEG ratio of 2.45 and a beta of 0.25. 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 $70.01 and a twelve month high of $154.75. The stock’s 50 day moving average is $139.91 and its 200 day moving average is $117.73.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $10.60 billion. During the same period in the previous year, the company earned $0.89 earnings per share. The business’s revenue for the quarter 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. On average, equities research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th were paid a $0.59 dividend. 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 dividend payout ratio (DPR) is 40.76%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DG shares. Citigroup raised their price objective on Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. UBS Group restated a “buy” rating and set a $168.00 price target on shares of Dollar General in a research report on Friday. Wall Street Zen raised Dollar General from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Evercore ISI increased their price objective on Dollar General from $143.00 to $145.00 in a research note on Tuesday, February 3rd. Finally, Oppenheimer lifted their target price on shares of Dollar General from $138.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. Fourteen analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $143.85.

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.