Arista Wealth Management LLC Invests $351,000 in Dollar General Corporation $DG

Arista Wealth Management LLC purchased a new stake in shares of Dollar General Corporation (NYSE:DG) in the 3rd quarter, HoldingsChannel reports. The fund purchased 3,400 shares of the company’s stock, valued at approximately $351,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Dollar General by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock worth $2,314,000 after acquiring an additional 1,185 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Dollar General by 12.3% in the first quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock worth $919,000 after buying an additional 1,148 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Dollar General by 40.7% during the first quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock worth $1,634,000 after buying an additional 5,373 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Dollar General during the second quarter worth $211,000. Finally, Maryland State Retirement & Pension System grew its holdings in shares of Dollar General by 4.0% during the second quarter. Maryland State Retirement & Pension System now owns 10,676 shares of the company’s stock valued at $1,221,000 after buying an additional 407 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

DG has been the subject of a number of research analyst reports. Citigroup raised their target price on Dollar General from $112.00 to $138.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. Evercore ISI raised their price objective on Dollar General from $143.00 to $145.00 in a research note on Tuesday, February 3rd. Piper Sandler upped their target price on Dollar General from $117.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Telsey Advisory Group reiterated a “market perform” rating and issued a $130.00 price target (up previously from $123.00) on shares of Dollar General in a report on Thursday, December 4th. Finally, Guggenheim lifted their price objective 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. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and an average price target of $143.85.

Dollar General Stock Performance

Shares of NYSE DG opened at $147.39 on Tuesday. The company has a market capitalization of $32.44 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 2.44 and a beta of 0.24. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17. The company’s fifty day moving average price is $139.19 and its 200 day moving average price is $117.46. Dollar General Corporation has a 1 year low of $70.01 and a 1 year high of $154.75.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share 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 during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the company earned $0.89 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently declared 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. The ex-dividend date was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.6%. Dollar General’s dividend payout ratio is currently 40.76%.

Insider Buying and Selling

In other news, EVP Rhonda Taylor sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was 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 directly owned 73,492 shares of the company’s stock, valued at $9,913,335.88. This represents a 9.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bryan D. Wheeler sold 9,776 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $135.32, for a total value of $1,322,888.32. Following the transaction, the executive vice president owned 22,295 shares in the company, valued at $3,016,959.40. This trade represents a 30.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 58,673 shares of company stock valued at $7,713,389 in the last 90 days. 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.