Atria Wealth Solutions Inc. Makes New Investment in Dollar General Corporation $DG

Key Points

• Atria Wealth Solutions Inc. acquired a new stake in Dollar General Corporation by purchasing 2,613 shares valued at approximately $230,000.
• Dollar General recently reported a quarterly EPS of $1.78, surpassing the consensus estimate of $1.46, along with a revenue of $10.44 billion.
• The company announced a quarterly dividend of $0.59 per share, with a dividend yield of 2.1% and a payout ratio of 45.04%.

Atria Wealth Solutions Inc. bought a new stake in shares of Dollar General Corporation (NYSE:DG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,613 shares of the company's stock, valued at approximately $230,000.

Several other hedge funds have also recently made changes to their positions in DG. Two Sigma Investments LP increased its stake in shares of Dollar General by 323.1% during the fourth quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock valued at $178,491,000 after buying an additional 1,797,776 shares during the period. Pacer Advisors Inc. increased its stake in shares of Dollar General by 5,440.2% during the first quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company's stock valued at $139,155,000 after buying an additional 1,554,004 shares during the period. Two Sigma Advisers LP increased its stake in shares of Dollar General by 398.2% during the fourth quarter. Two Sigma Advisers LP now owns 1,756,799 shares of the company's stock valued at $133,200,000 after buying an additional 1,404,200 shares during the period. Pzena Investment Management LLC increased its stake in shares of Dollar General by 8.5% during the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock valued at $1,122,914,000 after buying an additional 1,003,206 shares during the period. Finally, Worldquant Millennium Advisors LLC increased its stake in shares of Dollar General by 215.6% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 1,229,105 shares of the company's stock valued at $93,191,000 after buying an additional 839,698 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Performance

Shares of NYSE:DG traded up $1.81 during midday trading on Wednesday, reaching $114.59. 871,286 shares of the company's stock traded hands, compared to its average volume of 3,747,304. The company has a market cap of $25.22 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 2.75 and a beta of 0.31. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. Dollar General Corporation has a one year low of $66.43 and a one year high of $126.98. The stock has a 50 day moving average of $112.09 and a 200 day moving average of $96.10.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. The firm had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%.The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.65 earnings per share. Dollar General has set its FY 2025 guidance at 5.200-5.800 EPS. As a group, equities research analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, July 8th. Dollar General's dividend payout ratio is 45.04%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DG shares. Wells Fargo & Company lifted their price target on Dollar General from $80.00 to $105.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group lowered Dollar General from a "buy" rating to a "neutral" rating and lifted their price target for the company from $115.00 to $116.00 in a research report on Tuesday, June 24th. Truist Financial lifted their price target on Dollar General from $112.00 to $119.00 and gave the company a "hold" rating in a research report on Wednesday, August 13th. Telsey Advisory Group restated a "market perform" rating and set a $120.00 price target on shares of Dollar General in a research report on Thursday, July 17th. Finally, Guggenheim lifted their price target on Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of "Hold" and a consensus target price of $108.80.

Insiders Place Their Bets

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction of $718,223.28. Following the completion of the sale, the executive vice president owned 41,646 shares in the company, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total value of $222,497.00. Following 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 position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Dollar General Company 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.