NEOS Investment Management LLC Buys 9,347 Shares of Dollar General Corporation $DG

NEOS Investment Management LLC grew its stake in shares of Dollar General Corporation (NYSE:DG) by 54.6% in the third quarter, Holdings Channel reports. The institutional investor owned 26,460 shares of the company’s stock after purchasing an additional 9,347 shares during the period. NEOS Investment Management LLC’s holdings in Dollar General were worth $2,735,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Bryn Mawr Trust Advisors LLC acquired a new position in Dollar General during the 3rd quarter worth about $8,803,000. Arista Wealth Management LLC bought a new position in shares of Dollar General in the third quarter worth about $351,000. Allianz Asset Management GmbH raised its stake in shares of Dollar General by 16.3% in the third quarter. Allianz Asset Management GmbH now owns 805,645 shares of the company’s stock worth $83,263,000 after acquiring an additional 112,862 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Dollar General by 1.5% during the second quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock worth $3,067,403,000 after purchasing an additional 384,447 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Dollar General by 483.1% during the second quarter. Empowered Funds LLC now owns 30,630 shares of the company’s stock valued at $3,503,000 after purchasing an additional 25,377 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Down 0.1%

NYSE DG opened at $151.81 on Friday. Dollar General Corporation has a 12 month low of $70.01 and a 12 month high of $155.00. The stock has a 50-day simple moving average of $143.52 and a 200 day simple moving average of $119.74. 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 has a market capitalization of $33.42 billion, a PE ratio of 26.22, a P/E/G ratio of 2.53 and a beta of 0.25.

Dollar General (NYSE:DG) last issued its 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 firm had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current 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 was Tuesday, January 6th. This represents a $2.36 annualized dividend and a yield of 1.6%. Dollar General’s dividend payout ratio (DPR) is 40.76%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DG. Raymond James Financial restated an “outperform” rating and issued a $135.00 price objective on shares of Dollar General in a research report on Friday, December 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their target price on Dollar General from $166.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. BNP Paribas Exane raised their price target on Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Finally, Gordon Haskett boosted their price objective on Dollar General from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $144.44.

Insider Activity at Dollar General

In other news, EVP Bryan D. Wheeler sold 9,776 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president owned 22,295 shares of the company’s stock, valued at $3,016,959.40. The trade was a 30.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anita C. Elliott sold 2,516 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer owned 29,344 shares of the company’s stock, valued at approximately $3,888,666.88. This represents a 7.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 58,673 shares of company stock valued at $7,713,389. 0.56% of the stock is owned by corporate insiders.

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.