Dollar General Corporation $DG Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in Dollar General Corporation (NYSE:DG) by 84.9% in the 3rd quarter, Holdings Channel reports. The firm owned 51,177 shares of the company’s stock after buying an additional 23,499 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Dollar General were worth $4,932,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its stake in Dollar General by 116.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock valued at $310,538,000 after buying an additional 1,458,093 shares during the last quarter. Norges Bank purchased a new stake in Dollar General in the 2nd quarter valued at $154,371,000. Massachusetts Financial Services Co. MA boosted its stake in 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 purchasing an additional 1,211,298 shares during the period. Laurel Wealth Advisors LLC boosted its stake in 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 purchasing an additional 1,193,282 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in 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 purchasing an additional 1,053,555 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Tracey N. Herrmann sold 12,583 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $125.07, for a total value of $1,573,755.81. Following the sale, the executive vice president owned 30,948 shares of the company’s stock, valued at $3,870,666.36. This represents a 28.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anita C. Elliott sold 2,516 shares of Dollar General stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $132.52, for a total value of $333,420.32. Following the transaction, the chief accounting officer owned 29,344 shares of the company’s stock, valued at $3,888,666.88. This represents a 7.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 58,673 shares of company stock worth $7,713,389. Insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

DG has been the subject of a number of research reports. Wolfe Research upped their target price on shares of Dollar General from $141.00 to $159.00 and gave the company an “outperform” rating in a report on Monday, December 22nd. Argus increased their price objective on Dollar General from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Truist Financial set a $144.00 target price on Dollar General in a research note on Friday, January 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Dollar General in a research note on Monday, December 29th. Finally, Morgan Stanley lifted their price objective on shares of Dollar General from $135.00 to $160.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $140.19.

Dollar General Stock Up 2.4%

DG stock opened at $150.50 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $131.00 and its 200 day moving average price is $114.99. Dollar General Corporation has a 52 week low of $69.32 and a 52 week high of $154.75. The company has a market cap of $33.13 billion, a P/E ratio of 25.99, a P/E/G ratio of 2.66 and a beta of 0.26.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. The company had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, research analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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

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.