Jones Financial Companies Lllp trimmed its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 87.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,247 shares of the company's stock after selling 235,490 shares during the period. Jones Financial Companies Lllp's holdings in Dollar General were worth $3,062,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ameriflex Group Inc. purchased a new stake in shares of Dollar General during the 4th quarter valued at $31,000. Mountain Hill Investment Partners Corp. lifted its holdings in Dollar General by 66.7% in the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after acquiring an additional 200 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after acquiring an additional 342 shares during the period. CVA Family Office LLC raised its position in shares of Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after buying an additional 161 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in Dollar General during the fourth quarter valued at about $52,000. Hedge funds and other institutional investors own 91.77% of the company's stock.
Insider Buying and Selling
In related news, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction dated Tuesday, June 17th. The stock was 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 directly owned 46,563 shares in the company, valued at $5,261,619. This represents a 4.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.56% of the stock is owned by insiders.
Dollar General Price Performance
DG traded down $1.07 during trading on Friday, hitting $104.32. 2,557,185 shares of the stock traded hands, compared to its average volume of 3,056,586. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The company has a market cap of $22.96 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 2.22 and a beta of 0.29. The business has a 50 day moving average price of $110.69 and a 200 day moving average price of $100.32.
Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.30. The business had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.Dollar General's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.
Dollar General Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. Dollar General's dividend payout ratio is presently 43.70%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on DG. The Goldman Sachs Group downgraded Dollar General from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $115.00 to $116.00 in a research note on Tuesday, June 24th. Citigroup upped their price objective on shares of Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Telsey Advisory Group set a $123.00 price objective on Dollar General in a report on Friday, August 29th. Sanford C. Bernstein increased their price target on shares of Dollar General from $122.00 to $134.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Finally, UBS Group raised their price objective on shares of Dollar General from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $112.92.
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About Dollar General
(
Free Report)
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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