Independent Advisor Alliance Grows Stock Holdings in Dollar General Corporation $DG

Independent Advisor Alliance lifted its stake in Dollar General Corporation (NYSE:DGFree Report) by 169.2% during the third quarter, HoldingsChannel.com reports. The firm owned 10,115 shares of the company’s stock after purchasing an additional 6,358 shares during the quarter. Independent Advisor Alliance’s holdings in Dollar General were worth $1,045,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other news, 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 transaction, the executive vice president owned 30,948 shares in the company, valued at $3,870,666.36. This trade represents a 28.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Anita C. Elliott sold 2,516 shares of the business’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 sale, the chief accounting officer directly owned 29,344 shares of the company’s stock, valued at approximately $3,888,666.88. The trade was a 7.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 58,673 shares of company stock valued at $7,713,389. 0.56% of the stock is currently owned by corporate insiders.

Dollar General Stock Up 3.2%

Dollar General stock opened at $148.06 on Wednesday. Dollar General Corporation has a one year low of $70.01 and a one year high of $154.75. The stock has a fifty day moving average of $136.15 and a 200 day moving average of $116.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17. The stock has a market cap of $32.59 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 2.39 and a beta of 0.25.

Dollar General (NYSE:DGGet Free Report) last released its quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (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 during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the previous year, the company posted $0.89 EPS. The business’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. As a group, sell-side analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, January 6th. Dollar General’s dividend payout ratio is currently 40.76%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DG. Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a research report on Monday, December 29th. Daiwa Capital Markets increased their target price on Dollar General from $113.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. boosted their price target on Dollar General from $166.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, January 9th. Oppenheimer upped their price target on Dollar General from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Finally, Sanford C. Bernstein increased their price objective on Dollar General from $141.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Fourteen investment 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 a consensus rating of “Hold” and an average price target of $141.35.

Read Our Latest Stock Analysis on Dollar General

Key Headlines Impacting Dollar General

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Dollar General Profile

(Free Report)

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.

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Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corporation (NYSE:DGFree Report).

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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