State of Wyoming Has $754,000 Stock Holdings in Dollar General Corporation $DG

State of Wyoming raised its stake in Dollar General Corporation (NYSE:DG) by 186.7% in the third quarter, Holdings Channel reports. The firm owned 7,293 shares of the company’s stock after acquiring an additional 4,749 shares during the quarter. State of Wyoming’s holdings in Dollar General were worth $754,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DG shares. 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. Evercore ISI lifted their target price on shares of Dollar General from $140.00 to $143.00 in a report on Tuesday, January 27th. Guggenheim upped their price target on shares of Dollar General from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Raymond James Financial restated an “outperform” rating and set a $135.00 price objective on shares of Dollar General in a research report on Friday, December 5th. Finally, BNP Paribas Exane boosted their price objective on Dollar General from $118.00 to $127.00 and gave the stock a “neutral” 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $141.27.

Dollar General Stock Performance

NYSE:DG opened at $143.50 on Tuesday. Dollar General Corporation has a twelve month low of $69.32 and a twelve month high of $154.75. 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 stock’s 50-day simple moving average is $135.28 and its 200 day simple moving average is $116.11. The firm has a market capitalization of $31.59 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 2.60 and a beta of 0.26.

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, topping 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 company had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the business earned $0.89 earnings per share. The company’s revenue for the quarter 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. On average, analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

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

Insider Buying and Selling

In related news, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $132.52, for a total value of $333,420.32. Following the completion of the sale, the chief accounting officer directly owned 29,344 shares of the company’s stock, valued at $3,888,666.88. The trade was a 7.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Roderick J. West sold 2,282 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 36,108 shares in the company, valued at $4,815,001.80. The trade was a 5.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 58,673 shares of company stock worth $7,713,389. Corporate 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.