GSA Capital Partners LLP Buys 12,103 Shares of Dollar General Corporation $DG

GSA Capital Partners LLP boosted its position in shares of Dollar General Corporation (NYSE:DG) by 171.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,147 shares of the company’s stock after buying an additional 12,103 shares during the quarter. GSA Capital Partners LLP’s holdings in Dollar General were worth $1,979,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DG. Elevation Point Wealth Partners LLC purchased a new position in shares of Dollar General during the 2nd quarter worth about $25,000. Caldwell Trust Co purchased a new position in shares of Dollar General during the second quarter valued at approximately $25,000. Atlantic Union Bankshares Corp bought a new position in shares of Dollar General during the second quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new stake in shares of Dollar General in the third quarter worth approximately $26,000. Finally, Peoples Financial Services CORP. bought a new stake in shares of Dollar General during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of recent analyst reports. Wolfe Research increased their target price on Dollar General from $141.00 to $159.00 and gave the stock an “outperform” rating in a research note on Monday, December 22nd. Evercore boosted their price objective on shares of Dollar General from $143.00 to $145.00 and gave the company an “in-line” rating in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Thursday, January 8th. Morgan Stanley boosted their price target on Dollar General from $135.00 to $160.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Finally, Jefferies Financial Group restated a “buy” rating and set a $165.00 price objective on shares of Dollar General in a 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $144.78.

Insider Activity

In related news, EVP Carman R. Wenkoff sold 19,166 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total value of $2,530,103.66. Following the completion of the transaction, the executive vice president directly owned 43,179 shares of the company’s stock, valued at $5,700,059.79. This trade represents a 30.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Tracey N. Herrmann sold 12,583 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 30,948 shares in the company, 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 quarter, insiders have sold 58,673 shares of company stock valued at $7,713,389. 0.56% of the stock is owned by company insiders.

Dollar General Stock Up 3.5%

Shares of Dollar General stock opened at $153.76 on Tuesday. The company has a market cap of $33.85 billion, a P/E ratio of 26.56, a PEG ratio of 2.56 and a beta of 0.24. Dollar General Corporation has a 52-week low of $70.01 and a 52-week high of $154.75. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average price is $142.13 and its 200-day moving average price is $119.00.

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. The business 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 business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, sell-side analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared 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 was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.5%. Dollar General’s payout ratio is presently 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.