Benjamin Edwards Inc. Increases Stock Holdings in Dollar General Corporation $DG

Benjamin Edwards Inc. boosted its stake in Dollar General Corporation (NYSE:DG) by 13.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 58,388 shares of the company’s stock after purchasing an additional 6,759 shares during the quarter. Benjamin Edwards Inc.’s holdings in Dollar General were worth $6,035,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. HB Wealth Management LLC boosted its stake in shares of Dollar General by 28.9% during the 3rd quarter. HB Wealth Management LLC now owns 8,597 shares of the company’s stock valued at $889,000 after purchasing an additional 1,930 shares in the last quarter. Realta Investment Advisors purchased a new stake in Dollar General in the third quarter worth about $219,000. Sather Financial Group Inc boosted its position in Dollar General by 1.7% during the 3rd quarter. Sather Financial Group Inc now owns 594,176 shares of the company’s stock valued at $61,408,000 after acquiring an additional 9,733 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Dollar General by 12.0% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,183 shares of the company’s stock worth $122,000 after acquiring an additional 127 shares during the period. Finally, CoreCap Advisors LLC raised its position in shares of Dollar General by 35.1% in the 3rd quarter. CoreCap Advisors LLC now owns 1,871 shares of the company’s stock worth $193,000 after acquiring an additional 486 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Guggenheim lifted their price target on Dollar General from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Argus boosted their target price on shares of Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Jefferies Financial Group upped their target price on shares of Dollar General from $130.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. The Goldman Sachs Group raised shares of Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Piper Sandler boosted their price objective on shares of Dollar General from $117.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $137.62.

Insider Buying and Selling at Dollar General

In related news, EVP Rhonda Taylor sold 7,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 73,492 shares of the company’s stock, valued at approximately $9,913,335.88. This trade represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Carman R. Wenkoff sold 19,166 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the sale, the executive vice president owned 43,179 shares of the company’s stock, valued at $5,700,059.79. This trade represents a 30.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 58,673 shares of company stock worth $7,713,389. 0.56% of the stock is owned by corporate insiders.

Dollar General Stock Performance

Shares of DG opened at $142.79 on Friday. The company has a market cap of $31.43 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 2.62 and a beta of 0.26. The business’s fifty day simple moving average is $120.59 and its two-hundred day simple moving average is $112.31. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $146.19. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. The firm had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Research analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, January 6th. Dollar General’s payout ratio 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.