Bryn Mawr Trust Advisors LLC Invests $8.80 Million in Dollar General Corporation $DG

Bryn Mawr Trust Advisors LLC bought a new stake in shares of Dollar General Corporation (NYSE:DG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 85,176 shares of the company’s stock, valued at approximately $8,803,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Dollar General by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock worth $3,067,403,000 after acquiring an additional 384,447 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Dollar General by 116.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock worth $310,538,000 after purchasing an additional 1,458,093 shares in the last quarter. Baupost Group LLC MA raised its position in shares of Dollar General by 26.7% during the 2nd quarter. Baupost Group LLC MA now owns 2,666,876 shares of the company’s stock valued at $305,037,000 after purchasing an additional 562,000 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Dollar General by 4.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,778,479 shares of the company’s stock valued at $203,422,000 after buying an additional 70,588 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Dollar General by 3.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,513,611 shares of the company’s stock worth $173,130,000 after buying an additional 43,602 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

DG stock opened at $143.42 on Friday. Dollar General Corporation has a 52 week low of $69.32 and a 52 week high of $154.75. The firm has a market capitalization of $31.57 billion, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 2.57 and a beta of 0.26. The company has a fifty day simple moving average of $134.45 and a two-hundred day simple moving average of $115.83. 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 (NYSE:DG) last announced its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (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 analysts’ expectations of $10.60 billion. During the same period in the prior year, the company earned $0.89 EPS. The business’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. 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 was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th were issued a $0.59 dividend. The ex-dividend date was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.6%. Dollar General’s payout ratio is 40.76%.

Analysts Set New Price Targets

DG has been the topic of several research analyst reports. Truist Financial set a $144.00 price objective on Dollar General in a research report on Friday, January 16th. Oppenheimer lifted their target price on Dollar General from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Gordon Haskett upped their price target on Dollar General from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday. Piper Sandler increased their price objective on shares of Dollar General from $117.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Finally, BMO Capital Markets boosted their target price on shares of Dollar General from $115.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, December 5th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $141.27.

Insider Activity

In other Dollar General news, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $132.52, for a total transaction of $333,420.32. Following the transaction, the chief accounting officer owned 29,344 shares in the company, valued at $3,888,666.88. The trade was a 7.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Tracey N. Herrmann sold 12,583 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $125.07, for a total transaction of $1,573,755.81. Following the completion of the sale, the executive vice president directly owned 30,948 shares in the company, valued at approximately $3,870,666.36. This represents a 28.91% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 58,673 shares of company stock worth $7,713,389. Company 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.