ACR Alpine Capital Research LLC Sells 282,436 Shares of Dollar General Corporation $DG

ACR Alpine Capital Research LLC decreased its holdings in Dollar General Corporation (NYSE:DG) by 6.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,895,406 shares of the company’s stock after selling 282,436 shares during the quarter. Dollar General accounts for about 6.9% of ACR Alpine Capital Research LLC’s holdings, making the stock its 6th biggest position. ACR Alpine Capital Research LLC’s holdings in Dollar General were worth $402,590,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new stake in Dollar General in the 2nd quarter valued at $25,000. Caldwell Trust Co acquired a new position in shares of Dollar General in the second quarter valued at $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of Dollar General during the 2nd quarter worth about $26,000. Root Financial Partners LLC acquired a new position in Dollar General in the 3rd quarter valued at about $26,000. Finally, Peoples Financial Services CORP. bought a new position in Dollar General in the 3rd quarter valued at about $35,000. 91.77% of the stock is currently owned by institutional investors.

Insider Activity

In other Dollar General news, EVP Roderick J. West sold 2,282 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $133.35, for a total value of $304,304.70. Following the sale, the executive vice president owned 36,108 shares of the company’s stock, valued at approximately $4,815,001.80. This trade represents a 5.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Rhonda Taylor sold 7,500 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly owned 73,492 shares of the company’s stock, valued at $9,913,335.88. This trade represents a 9.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 58,673 shares of company stock valued at $7,713,389. Corporate insiders own 0.56% of the company’s stock.

Dollar General Trading Down 1.7%

DG opened at $144.68 on Friday. The stock has a market capitalization of $31.85 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 2.67 and a beta of 0.26. 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 $69.32 and a twelve month high of $154.75. The company has a 50-day simple moving average of $129.20 and a 200 day simple moving average of $114.48.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating 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 firm had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the firm earned $0.89 EPS. The business’s quarterly revenue 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. Analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders 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 payout ratio is currently 40.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DG shares. Loop Capital boosted their price objective on Dollar General from $100.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, December 5th. UBS Group boosted their price target on Dollar General from $135.00 to $143.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Wolfe Research upped their price objective on Dollar General from $141.00 to $159.00 and gave the company an “outperform” rating in a report on Monday, December 22nd. Barclays lifted their target price on Dollar General from $127.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Finally, Evercore ISI boosted their target price on shares of Dollar General from $130.00 to $135.00 and gave the company an “in-line” rating in a research report on Tuesday, December 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $140.19.

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.