Cornerstone Investment Partners LLC Purchases 72,347 Shares of Dollar General Corporation $DG

Cornerstone Investment Partners LLC lifted its position in shares of Dollar General Corporation (NYSE:DG) by 14.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 580,211 shares of the company’s stock after purchasing an additional 72,347 shares during the period. Dollar General accounts for approximately 2.5% of Cornerstone Investment Partners LLC’s investment portfolio, making the stock its 19th biggest holding. Cornerstone Investment Partners LLC owned approximately 0.26% of Dollar General worth $59,965,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC acquired a new stake in shares of Dollar General during the second quarter worth $25,000. Caldwell Trust Co bought a new position in Dollar General during the second quarter worth about $25,000. Atlantic Union Bankshares Corp bought a new position in Dollar General during the second quarter worth about $26,000. Root Financial Partners LLC acquired a new stake in Dollar General in the 3rd quarter worth about $26,000. Finally, Peoples Financial Services CORP. bought a new stake in Dollar General in the 3rd quarter valued at about $35,000. 91.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dollar General

In other news, EVP Rhonda Taylor sold 7,500 shares of Dollar General 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 transaction, the executive vice president owned 73,492 shares in the company, valued at approximately $9,913,335.88. The trade was a 9.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Roderick J. West sold 2,282 shares of the business’s stock in a transaction 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 directly owned 36,108 shares in the company, valued at approximately $4,815,001.80. This represents a 5.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 58,673 shares of company stock worth $7,713,389 over the last quarter. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DG. Citigroup lifted their price target on shares of Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Morgan Stanley raised their price objective on Dollar General from $135.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Argus upped their target price on Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. BMO Capital Markets increased their target price on Dollar General from $115.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, December 5th. Finally, The Goldman Sachs Group raised Dollar General from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $144.22.

Dollar General Stock Performance

NYSE DG opened at $147.10 on Thursday. The firm’s fifty day moving average price is $140.65 and its two-hundred day moving average price is $117.94. The stock has a market cap of $32.38 billion, a PE ratio of 25.41, a PEG ratio of 2.43 and a beta of 0.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17. Dollar General Corporation has a fifty-two week low of $70.01 and a fifty-two week high of $154.75.

Dollar General (NYSE:DG) last announced 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. The company had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.Dollar General’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, equities analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

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

About Dollar General

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.