Carmel Capital Partners LLC Has $1.95 Million Position in Dollar General Corporation $DG

Carmel Capital Partners LLC reduced its stake in shares of Dollar General Corporation (NYSE:DG) by 22.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,857 shares of the company’s stock after selling 5,394 shares during the period. Dollar General accounts for 0.8% of Carmel Capital Partners LLC’s investment portfolio, making the stock its 26th biggest holding. Carmel Capital Partners LLC’s holdings in Dollar General were worth $1,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its stake in Dollar General by 116.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock valued at $310,538,000 after purchasing an additional 1,458,093 shares in the last quarter. Norges Bank acquired a new stake in shares of Dollar General during the 2nd quarter valued at about $154,371,000. Massachusetts Financial Services Co. MA grew its stake in shares of Dollar General by 15,369.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,219,179 shares of the company’s stock valued at $139,450,000 after buying an additional 1,211,298 shares in the last quarter. Laurel Wealth Advisors LLC increased its holdings in Dollar General by 10,936.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,204,193 shares of the company’s stock worth $137,736,000 after buying an additional 1,193,282 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Dollar General by 845.0% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,178,232 shares of the company’s stock valued at $134,766,000 after acquiring an additional 1,053,555 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Down 1.7%

DG stock 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 price-to-earnings-growth ratio of 2.67 and a beta of 0.26. The company has a 50-day moving average of $129.20 and a two-hundred day moving average of $114.48. Dollar General Corporation has a 52-week low of $69.32 and a 52-week high of $154.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.33. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The business had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the firm earned $0.89 EPS. The firm’s 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. As a group, equities research analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, January 6th. Dollar General’s dividend payout ratio is currently 40.76%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a research report on Monday, December 29th. BNP Paribas Exane upped their price objective on shares of Dollar General from $118.00 to $127.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Wolfe Research increased their target price on shares of Dollar General from $141.00 to $159.00 and gave the stock an “outperform” rating in a research report on Monday, December 22nd. JPMorgan Chase & Co. boosted their price target on Dollar General from $166.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Finally, Loop Capital increased their price objective on Dollar General from $100.00 to $120.00 and gave the company a “hold” rating in a report on Friday, December 5th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Dollar General has a consensus rating of “Hold” and a consensus price target of $140.19.

Insiders Place Their Bets

In other 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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Roderick J. West sold 2,282 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $133.35, for a total transaction of $304,304.70. Following the transaction, the executive vice president directly owned 36,108 shares of the company’s stock, valued at $4,815,001.80. This represents a 5.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 58,673 shares of company stock valued at $7,713,389 in the last 90 days. 0.56% of the stock is currently owned by corporate insiders.

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.