AMG National Trust Bank Cuts Holdings in Dollar General Corporation $DG

AMG National Trust Bank lowered its position in Dollar General Corporation (NYSE:DG) by 29.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,161 shares of the company’s stock after selling 12,309 shares during the period. AMG National Trust Bank’s holdings in Dollar General were worth $3,014,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Caldwell Trust Co purchased a new position in Dollar General during the second quarter worth approximately $25,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Dollar General during the 2nd quarter worth approximately $25,000. Atlantic Union Bankshares Corp acquired a new position in shares of Dollar General during the 2nd quarter worth approximately $26,000. Root Financial Partners LLC purchased a new position in shares of Dollar General during the 3rd quarter valued at approximately $26,000. Finally, Peoples Financial Services CORP. acquired a new stake in Dollar General in the 3rd quarter valued at $35,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DG has been the topic of several recent analyst reports. Daiwa Securities Group increased their price objective on shares of Dollar General from $113.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, December 8th. Morgan Stanley raised their price target on shares of Dollar General from $135.00 to $160.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Sanford C. Bernstein boosted their price objective on Dollar General from $141.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Truist Financial set a $144.00 target price on Dollar General in a research report on Friday, January 16th. Finally, Barclays lifted their price target on Dollar General from $127.00 to $151.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $144.44.

Dollar General Price Performance

DG stock opened at $150.56 on Friday. Dollar General Corporation has a 1 year low of $70.01 and a 1 year high of $155.00. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. The firm has a market capitalization of $33.14 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 2.50 and a beta of 0.25. The business has a 50 day simple moving average of $143.88 and a 200-day simple moving average of $120.08.

Dollar General (NYSE:DG) last released 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. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The company 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 earnings per share. The firm’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. Equities research analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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

Insider Activity at Dollar General

In other news, EVP Tracey N. Herrmann sold 12,583 shares of Dollar General stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $125.07, for a total transaction of $1,573,755.81. Following the sale, the executive vice president owned 30,948 shares of the company’s stock, valued at approximately $3,870,666.36. The trade was a 28.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rhonda Taylor sold 7,500 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $134.89, for a total value of $1,011,675.00. Following the completion of the transaction, the executive vice president owned 73,492 shares of the company’s stock, valued at $9,913,335.88. The trade was a 9.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 58,673 shares of company stock valued at $7,713,389 over the last ninety days. Corporate 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.