VIRGINIA RETIREMENT SYSTEMS ET Al Purchases 455,300 Shares of Dollar General Corporation $DG

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Dollar General Corporation (NYSE:DG) by 100.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 906,700 shares of the company’s stock after buying an additional 455,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.41% of Dollar General worth $93,707,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sivia Capital Partners LLC increased its stake in Dollar General by 52.1% during the 3rd quarter. Sivia Capital Partners LLC now owns 2,808 shares of the company’s stock valued at $290,000 after purchasing an additional 962 shares in the last quarter. Diversified Trust Co lifted its stake in shares of Dollar General by 31.0% in the third quarter. Diversified Trust Co now owns 4,921 shares of the company’s stock worth $509,000 after buying an additional 1,165 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Dollar General by 3.1% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 323,819 shares of the company’s stock worth $33,467,000 after buying an additional 9,762 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of Dollar General by 36.5% during the third quarter. Perigon Wealth Management LLC now owns 9,559 shares of the company’s stock valued at $988,000 after buying an additional 2,558 shares during the last quarter. Finally, FSM Wealth Advisors LLC increased its position in shares of Dollar General by 6.7% during the third quarter. FSM Wealth Advisors LLC now owns 5,090 shares of the company’s stock valued at $526,000 after acquiring an additional 320 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Dollar General Trading Down 1.2%

Dollar General stock opened at $135.82 on Wednesday. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $139.83. The firm has a market capitalization of $29.90 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 2.50 and a beta of 0.27. The firm has a 50 day moving average of $114.50 and a 200 day moving average of $110.81. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63.

Dollar General (NYSE:DG) last issued its earnings results 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 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 quarter in the prior year, the firm posted $0.89 EPS. Dollar General’s quarterly 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, 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 announced a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, January 6th. Dollar General’s dividend payout ratio is currently 40.76%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Guggenheim boosted their price target on Dollar General from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Truist Financial increased their price objective on Dollar General from $120.00 to $129.00 and gave the company a “hold” rating in a research report on Friday, December 5th. JPMorgan Chase & Co. raised Dollar General from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $128.00 to $166.00 in a research report on Monday, December 15th. The Goldman Sachs Group upgraded shares of Dollar General from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Evercore ISI raised their price target on shares of Dollar General from $130.00 to $135.00 and gave the company an “in-line” rating in a report on Tuesday, December 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.62.

Insider Transactions at Dollar General

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