AlphaQuest LLC Purchases 18,133 Shares of Dollar General Corporation $DG

AlphaQuest LLC increased its holdings in Dollar General Corporation (NYSE:DG) by 2,008.1% during the third quarter, HoldingsChannel reports. The fund owned 19,036 shares of the company’s stock after acquiring an additional 18,133 shares during the quarter. AlphaQuest LLC’s holdings in Dollar General were worth $1,967,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ameritas Advisory Services LLC purchased a new position in shares of Dollar General during the second quarter valued at approximately $101,000. Vanguard Group Inc. raised its position in Dollar General by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock valued at $3,067,403,000 after buying an additional 384,447 shares during the last quarter. Empowered Funds LLC lifted its stake in Dollar General by 483.1% during the 2nd quarter. Empowered Funds LLC now owns 30,630 shares of the company’s stock valued at $3,503,000 after acquiring an additional 25,377 shares in the last quarter. Korea Investment CORP boosted its holdings in Dollar General by 1.6% during the 2nd quarter. Korea Investment CORP now owns 155,275 shares of the company’s stock worth $17,760,000 after acquiring an additional 2,511 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in Dollar General by 228.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 34,647 shares of the company’s stock worth $3,963,000 after acquiring an additional 24,094 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Price Performance

NYSE DG opened at $143.42 on Friday. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The company has a market cap of $31.57 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 2.57 and a beta of 0.26. Dollar General Corporation has a 52 week low of $69.32 and a 52 week high of $154.75. The firm’s 50-day simple moving average is $134.45 and its two-hundred day simple moving average is $115.83.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The company had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the company posted $0.89 EPS. Dollar General’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. Research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

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

Insider Activity at Dollar General

In other news, CAO Anita C. Elliott sold 2,516 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $132.52, for a total value of $333,420.32. Following the sale, the chief accounting officer directly owned 29,344 shares of the company’s stock, valued at approximately $3,888,666.88. This represents a 7.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction 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. This trade represents a 9.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 58,673 shares of company stock worth $7,713,389 in the last 90 days. 0.56% of the stock is owned by company insiders.

Analyst Ratings Changes

DG has been the topic of a number of recent analyst reports. Daiwa Capital Markets raised their price target on shares of Dollar General from $113.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dollar General in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Thursday, January 8th. Barclays boosted their target price on Dollar General from $127.00 to $151.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Finally, Sanford C. Bernstein increased their price target on Dollar General from $141.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $141.27.

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.