Q3 Asset Management Has $3.33 Million Stock Position in Dollar General Corporation $DG

Q3 Asset Management grew its holdings in Dollar General Corporation (NYSE:DG) by 1,664.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,199 shares of the company’s stock after purchasing an additional 30,374 shares during the period. Dollar General comprises approximately 1.1% of Q3 Asset Management’s investment portfolio, making the stock its 15th biggest holding. Q3 Asset Management’s holdings in Dollar General were worth $3,327,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC bought a new stake in Dollar General during the 2nd quarter worth about $25,000. Caldwell Trust Co bought a new stake in Dollar General during the second quarter worth about $25,000. Atlantic Union Bankshares Corp bought a new stake in Dollar General during the second quarter worth about $26,000. Byrne Asset Management LLC boosted its position in Dollar General by 952.6% during the third quarter. Byrne Asset Management LLC now owns 400 shares of the company’s stock valued at $41,000 after purchasing an additional 362 shares during the last quarter. Finally, Quent Capital LLC bought a new position in Dollar General in the third quarter valued at approximately $46,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling

In related news, CAO Anita C. Elliott sold 2,516 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $132.52, for a total transaction of $333,420.32. Following the completion of the transaction, the chief accounting officer directly owned 29,344 shares of the company’s stock, valued at $3,888,666.88. This trade represents a 7.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Carman R. Wenkoff sold 19,166 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total value of $2,530,103.66. Following the completion of the sale, the executive vice president owned 43,179 shares in the company, valued at $5,700,059.79. The trade was a 30.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,673 shares of company stock valued at $7,713,389 over the last quarter. 0.56% of the stock is currently owned by company insiders.

Dollar General Trading Up 1.5%

DG opened at $151.15 on Wednesday. The stock has a market capitalization of $33.27 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 2.70 and a beta of 0.26. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $152.09. The company has a 50-day simple moving average of $122.61 and a 200 day simple moving average of $112.81.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.95 by $0.33. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The company had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the previous year, the company earned $0.89 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.6%. Dollar General’s dividend payout ratio (DPR) is presently 40.76%.

Analyst Ratings Changes

Several equities research analysts have recently commented on DG shares. Guggenheim increased their price objective on Dollar General from $125.00 to $140.00 and gave the company a “buy” rating in a report on Friday, December 5th. Oppenheimer upped their price target on shares of Dollar General from $138.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. UBS Group lifted their price objective on shares of Dollar General from $135.00 to $143.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Argus upped their target price on shares of Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Finally, Morgan Stanley raised their target price on shares of Dollar General from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $138.50.

About Dollar General

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.