Krilogy Financial LLC Makes New Investment in Dollar General Corporation $DG

Krilogy Financial LLC acquired a new stake in shares of Dollar General Corporation (NYSE:DG) in the third quarter, HoldingsChannel reports. The firm acquired 8,487 shares of the company’s stock, valued at approximately $854,000.

Several other large investors have also recently made changes to their positions in the company. Cardinal Point Capital Management ULC boosted its stake in Dollar General by 5.0% during the third quarter. Cardinal Point Capital Management ULC now owns 2,120 shares of the company’s stock valued at $219,000 after buying an additional 100 shares during the last quarter. Meridian Wealth Management LLC raised its holdings in shares of Dollar General by 5.5% during the 3rd quarter. Meridian Wealth Management LLC now owns 1,955 shares of the company’s stock worth $202,000 after acquiring an additional 102 shares in the last quarter. Accurate Wealth Management LLC boosted its position in shares of Dollar General by 1.2% during the 3rd quarter. Accurate Wealth Management LLC now owns 9,182 shares of the company’s stock valued at $952,000 after acquiring an additional 108 shares during the last quarter. Stablepoint Partners LLC boosted its position in shares of Dollar General by 0.6% during the 2nd quarter. Stablepoint Partners LLC now owns 17,474 shares of the company’s stock valued at $1,999,000 after acquiring an additional 110 shares during the last quarter. Finally, Wedmont Private Capital grew its holdings in shares of Dollar General by 2.1% in the third quarter. Wedmont Private Capital now owns 5,810 shares of the company’s stock valued at $560,000 after purchasing an additional 118 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Insider Transactions at Dollar General

In other news, EVP Bryan D. Wheeler sold 9,776 shares of the company’s stock in a transaction dated 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 directly owned 22,295 shares in the company, valued at approximately $3,016,959.40. This represents a 30.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Tracey N. Herrmann sold 12,583 shares of Dollar General stock in a transaction dated 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 sale, the executive vice president 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. In the last quarter, insiders sold 58,673 shares of company stock valued at $7,713,389. Company insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on DG. The Goldman Sachs Group upgraded shares of Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Guggenheim upped their target price on shares of Dollar General from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, December 5th. JPMorgan Chase & Co. lifted their price target on Dollar General from $166.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Citigroup boosted their price objective on Dollar General from $112.00 to $138.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Dollar General in a research note on Friday, December 5th. Fourteen equities 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 currently has an average rating of “Hold” and an average price target of $144.22.

Dollar General Stock Up 3.5%

Shares of NYSE:DG opened at $153.76 on Friday. The firm has a market capitalization of $33.85 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 2.47 and a beta of 0.25. The business has a 50 day simple moving average of $141.54 and a two-hundred day simple moving average of $118.48. Dollar General Corporation has a 1 year low of $70.01 and a 1 year high of $154.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.33. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The firm had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the company earned $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. On average, equities analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced 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. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, January 6th. Dollar General’s payout ratio is currently 40.76%.

About Dollar General

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.