Brooks Moore & Associates Inc. Buys New Position in Dollar General Corporation $DG

Key Points

• Brooks Moore & Associates Inc. acquired a new stake in Dollar General Corporation (NYSE: DG), purchasing 7,505 shares valued at approximately $660,000 during the first quarter.
• The company's quarterly earnings exceeded expectations, reporting $1.78 EPS, beating estimates of $1.46, with revenue reaching $10.44 billion.
• Dollar General announced a **dividend** of $0.59 per share with a yield of 2.1%, reflecting a payout ratio of 45.04%.

Brooks Moore & Associates Inc. bought a new stake in shares of Dollar General Corporation (NYSE:DG - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,505 shares of the company's stock, valued at approximately $660,000.

Several other institutional investors have also added to or reduced their stakes in the business. Ameriflex Group Inc. bought a new stake in shares of Dollar General during the 4th quarter valued at $31,000. Mountain Hill Investment Partners Corp. raised its holdings in Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after purchasing an additional 200 shares during the period. Golden State Wealth Management LLC lifted its position in Dollar General by 170.1% during the first 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 in the last quarter. CVA Family Office LLC grew its holdings in Dollar General by 39.4% during the first 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 bought a new stake in Dollar General during the fourth quarter valued at about $52,000. 91.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the sale, the executive vice president owned 41,646 shares of the company's stock, valued at $4,646,027.76. The trade was a 13.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 46,563 shares of the company's stock, valued at $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Dollar General Price Performance

Shares of NYSE:DG opened at $112.41 on Monday. The firm has a market cap of $24.74 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 2.75 and a beta of 0.31. The firm has a fifty day moving average price of $112.18 and a 200 day moving average price of $97.13. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $125.42. 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 (NYSE:DG - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The business had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. During the same quarter in the prior year, the firm earned $1.65 EPS. The business's revenue was up 5.3% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.200-5.800 EPS. As a group, sell-side analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is currently 45.04%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. The Goldman Sachs Group downgraded Dollar General from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $115.00 to $116.00 in a research note on Tuesday, June 24th. Barclays raised their price objective on shares of Dollar General from $100.00 to $119.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Morgan Stanley lifted their target price on shares of Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Loop Capital increased their price target on Dollar General from $110.00 to $120.00 and gave the stock a "hold" rating in a research note on Thursday, July 10th. Finally, Sanford C. Bernstein set a $120.00 price target on Dollar General in a report on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $108.80.

About Dollar General

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.

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