Tobam Increases Position in Dollar General Corporation $DG

Tobam lifted its stake in Dollar General Corporation (NYSE:DG) by 18.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 52,447 shares of the company’s stock after purchasing an additional 8,043 shares during the quarter. Dollar General comprises 2.0% of Tobam’s investment portfolio, making the stock its 14th largest position. Tobam’s holdings in Dollar General were worth $5,420,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Caldwell Trust Co bought a new position in Dollar General in the second quarter worth about $25,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Dollar General in the 2nd quarter worth approximately $25,000. Atlantic Union Bankshares Corp bought a new position in shares of Dollar General during the 2nd quarter worth approximately $26,000. Root Financial Partners LLC bought a new position in shares of Dollar General during the 3rd quarter worth approximately $26,000. Finally, Peoples Financial Services CORP. purchased a new stake in Dollar General during the third quarter valued at approximately $35,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 3.5%

DG stock opened at $153.76 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. The firm’s fifty day simple moving average is $141.54 and its 200-day simple moving average is $118.65. Dollar General Corporation has a 12 month low of $70.01 and a 12 month high of $154.75. The company has a market capitalization of $33.85 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 2.56 and a beta of 0.24.

Dollar General (NYSE:DG) last announced its quarterly 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. The company had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. 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. As a group, equities research analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.5%. Dollar General’s dividend payout ratio (DPR) is presently 40.76%.

Insider Transactions at Dollar General

In related news, EVP Rhonda Taylor sold 7,500 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total transaction of $1,011,675.00. Following the sale, the executive vice president owned 73,492 shares in the company, valued at approximately $9,913,335.88. This trade represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tracey N. Herrmann sold 12,583 shares of Dollar General 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 transaction, the executive vice president directly owned 30,948 shares of the company’s stock, valued at $3,870,666.36. The trade was a 28.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 58,673 shares of company stock worth $7,713,389. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

DG has been the topic of a number of recent analyst reports. Guggenheim upped their price target on Dollar General from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Gordon Haskett upped their target price on Dollar General from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. JPMorgan Chase & Co. raised their price target on Dollar General from $166.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, January 9th. Citigroup upped their price objective on shares of Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a report on Monday, December 8th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $165.00 target price on shares of Dollar General in a research report on Monday, January 12th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $144.78.

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.