Kestra Advisory Services LLC Has $5.06 Million Holdings in Dollar General Corporation $DG

Key Points

• Kestra Advisory Services LLC raised its stake in Dollar General Corporation by 61.2%, owning 57,498 shares valued at approximately $5.06 million as of the latest SEC filing.
• Dollar General recently reported a quarterly earnings per share (EPS) of $1.78, surpassing analysts' expectations of $1.46, with quarterly revenue of $10.44 billion.
• The company declared a quarterly dividend of $0.59 per share, translating to an annualized yield of 2.1%, with a payout ratio of 45.04%.

Kestra Advisory Services LLC boosted its stake in Dollar General Corporation (NYSE:DG - Free Report) by 61.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,498 shares of the company's stock after purchasing an additional 21,837 shares during the quarter. Kestra Advisory Services LLC's holdings in Dollar General were worth $5,056,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norinchukin Bank The raised its stake in Dollar General by 10.1% in the first quarter. Norinchukin Bank The now owns 8,539 shares of the company's stock valued at $751,000 after purchasing an additional 782 shares in the last quarter. Summit Financial LLC acquired a new position in Dollar General in the first quarter valued at about $203,000. Credit Agricole S A raised its stake in Dollar General by 30.3% in the first quarter. Credit Agricole S A now owns 78,075 shares of the company's stock valued at $6,865,000 after purchasing an additional 18,134 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Dollar General by 24.9% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 49,023 shares of the company's stock valued at $4,306,000 after purchasing an additional 9,778 shares in the last quarter. Finally, Groupama Asset Managment raised its stake in Dollar General by 8.9% in the first quarter. Groupama Asset Managment now owns 20,533 shares of the company's stock valued at $1,768,000 after purchasing an additional 1,676 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Activity at Dollar General

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the business's 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 transaction, the executive vice president directly owned 41,646 shares of the company's stock, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of the business'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 value of $222,497.00. Following the completion of the transaction, the executive vice president directly owned 46,563 shares in the company, valued at approximately $5,261,619. This trade represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Dollar General Trading Up 0.5%

DG stock traded up $0.60 during trading on Thursday, hitting $111.80. The company had a trading volume of 7,419,688 shares, compared to its average volume of 2,872,020. The business has a 50-day moving average of $112.07 and a 200-day moving average of $97.86. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95. The stock has a market cap of $24.60 billion, a PE ratio of 21.34, a PEG ratio of 2.72 and a beta of 0.31. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.56 by $0.30. Dollar General had a return on equity of 17.93% and a net margin of 2.81%.The business had revenue of $10.73 billion for the quarter, compared to analysts' expectations of $10.68 billion. During the same period in the prior year, the business posted $1.70 earnings per share. The firm'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. Research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.1%. Dollar General's dividend payout ratio (DPR) is presently 45.04%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Evercore ISI lifted their target price on Dollar General from $118.00 to $120.00 and gave the company an "in-line" rating in a research report on Tuesday, August 12th. Piper Sandler lifted their target price on Dollar General from $112.00 to $115.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their target price on Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Morgan Stanley lifted their target price on Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. Finally, The Goldman Sachs Group cut Dollar General from a "buy" rating to a "neutral" rating and lifted their target price for the company from $115.00 to $116.00 in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat, Dollar General has a consensus rating of "Hold" and an average price target of $108.80.

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.