Rhumbline Advisers Trims Stock Holdings in Dollar General Corporation $DG

Rhumbline Advisers lowered its stake in shares of Dollar General Corporation (NYSE:DG) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 430,469 shares of the company’s stock after selling 14,195 shares during the period. Rhumbline Advisers owned 0.20% of Dollar General worth $44,489,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other Dollar General news, CAO Anita C. Elliott sold 2,516 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $132.52, for a total transaction of $333,420.32. Following the transaction, the chief accounting officer directly owned 29,344 shares in the company, valued at $3,888,666.88. This trade represents a 7.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Carman R. Wenkoff sold 19,166 shares of Dollar General stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the transaction, the executive vice president directly owned 43,179 shares in the company, valued at $5,700,059.79. This trade represents a 30.74% 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 valued at $7,713,389 over the last 90 days. Company insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DG shares. Daiwa Securities Group raised their price objective on shares of Dollar General from $113.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Evercore increased their target price on shares of Dollar General from $143.00 to $145.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 3rd. Argus raised their price target on shares of Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Wall Street Zen raised shares of Dollar General from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Wells Fargo & Company increased their price objective on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, December 19th. Fourteen analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $144.22.

Dollar General Stock Performance

NYSE DG opened at $153.76 on Friday. Dollar General Corporation has a 52-week low of $70.01 and a 52-week high of $154.75. The company has a fifty day moving average of $141.54 and a 200-day moving average of $118.48. The company has a market capitalization of $33.85 billion, a P/E ratio of 26.56, a P/E/G ratio of 2.47 and a beta of 0.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating 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 business had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, equities research analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th were given a $0.59 dividend. The ex-dividend date was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.5%. Dollar General’s payout ratio is presently 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.