United Services Automobile Association Makes New Investment in Dollar General Corporation $DG

Key Points

• United Services Automobile Association acquired 4,749 shares of Dollar General Corporation, worth approximately $409,000, in the first quarter.
• Dollar General recently announced a quarterly dividend of $0.59 per share, with a 2.2% dividend yield for shareholders of record by October 7th.
• Analysts have upgraded Dollar General's stock rating and price targets, with Morgan Stanley raising its target from $115.00 to $125.00 and Oppenheimer setting a new target of $130.00.

United Services Automobile Association purchased a new stake in Dollar General Corporation (NYSE:DG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,749 shares of the company's stock, valued at approximately $409,000.

Other institutional investors also recently modified their holdings of the company. Ameriflex Group Inc. bought a new position in shares of Dollar General in the fourth quarter valued at $31,000. Mountain Hill Investment Partners Corp. raised its stake in Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after purchasing an additional 200 shares during the period. Golden State Wealth Management LLC raised its stake in Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after purchasing an additional 342 shares during the period. CVA Family Office LLC raised its stake in Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after purchasing an additional 161 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new stake in Dollar General during the 4th quarter valued at $52,000. Institutional investors own 91.77% of the company's stock.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 1,969 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the sale, the executive vice president owned 46,563 shares of the company's stock, valued at approximately $5,261,619. This trade represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.56% of the company's stock.

Dollar General Stock Performance

Dollar General stock traded down $1.07 on Friday, reaching $104.32. 2,557,185 shares of the stock were exchanged, compared to its average volume of 3,021,551. The stock has a market cap of $22.96 billion, a PE ratio of 19.32, a PEG ratio of 2.20 and a beta of 0.29. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The firm has a fifty day moving average price of $110.69 and a two-hundred day moving average price of $100.51.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The firm had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the previous year, the business earned $1.70 EPS. The business's revenue was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Sell-side analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General's dividend payout ratio is 43.70%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DG shares. Barclays boosted their target price on shares of Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Telsey Advisory Group set a $123.00 target price on shares of Dollar General in a research note on Friday, August 29th. Piper Sandler boosted their target price on shares of Dollar General from $115.00 to $117.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. KeyCorp reissued a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. Finally, Oppenheimer raised shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 target price on the stock in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fifteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $112.92.

Dollar General Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.