Cullen Frost Bankers Inc. Buys 38,938 Shares of Dollar General Corporation $DG

Cullen Frost Bankers Inc. increased its stake in Dollar General Corporation (NYSE:DG) by 39,331.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,037 shares of the company’s stock after buying an additional 38,938 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Dollar General were worth $4,035,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DG. Elevation Point Wealth Partners LLC purchased a new position in shares of Dollar General during the 2nd quarter worth about $25,000. Caldwell Trust Co bought a new stake in Dollar General in the second quarter worth about $25,000. Atlantic Union Bankshares Corp purchased a new position in shares of Dollar General during the second quarter valued at approximately $26,000. Root Financial Partners LLC bought a new position in shares of Dollar General during the third quarter valued at approximately $26,000. Finally, Peoples Financial Services CORP. bought a new position in shares of Dollar General during the third quarter valued at approximately $35,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DG has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their price objective on Dollar General from $115.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, December 5th. Raymond James Financial reiterated an “outperform” rating and issued a $135.00 target price on shares of Dollar General in a research note on Friday, December 5th. Sanford C. Bernstein boosted their target price on shares of Dollar General from $141.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Guggenheim upped their price target on shares of Dollar General from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Dollar General from $166.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, January 9th. Fourteen investment 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 company currently has a consensus rating of “Hold” and an average price target of $140.19.

Dollar General Price Performance

NYSE DG opened at $150.50 on Tuesday. The company has a market cap of $33.13 billion, a PE ratio of 25.99, a P/E/G ratio of 2.66 and a beta of 0.26. The firm’s 50 day moving average price is $131.00 and its 200-day moving average price is $114.99. 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 52-week low of $69.32 and a 52-week high of $154.75.

Dollar General (NYSE:DG) last posted its earnings results 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 during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the business earned $0.89 earnings per share. Dollar General’s revenue was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Sell-side analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business 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. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.6%. Dollar General’s dividend payout ratio (DPR) is presently 40.76%.

Insider Buying and Selling

In other Dollar General news, EVP Rhonda Taylor sold 7,500 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were 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 directly 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 SEC, which can be accessed through the SEC website. Also, CAO Anita C. Elliott sold 2,516 shares of the firm’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 completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,673 shares of company stock valued at $7,713,389 over the last three months. 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.