Phoenix Financial Ltd. Buys 18,000 Shares of Dollar General Corporation $DG

Phoenix Financial Ltd. lifted its position in shares of Dollar General Corporation (NYSE:DG) by 157.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,400 shares of the company’s stock after purchasing an additional 18,000 shares during the quarter. Phoenix Financial Ltd.’s holdings in Dollar General were worth $3,039,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Elevation Point Wealth Partners LLC acquired a new stake in shares of Dollar General in the 2nd quarter valued at about $25,000. Caldwell Trust Co bought a new position in shares of Dollar General in the second quarter valued at $25,000. Atlantic Union Bankshares Corp bought a new position in shares of Dollar General in the 2nd quarter valued at about $26,000. Root Financial Partners LLC acquired a new position in Dollar General during the third quarter worth approximately $26,000. Finally, Peoples Financial Services CORP. acquired a new stake in Dollar General during the 3rd quarter valued at $35,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Daiwa Capital Markets boosted their price target on Dollar General from $113.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Gordon Haskett increased their price target on Dollar General from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday. Guggenheim boosted their target price on shares of Dollar General from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Argus upped their target price on Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Finally, BMO Capital Markets boosted their price target on Dollar General from $115.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, December 5th. Fourteen analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $141.27.

Insider Activity at Dollar General

In related news, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $132.52, for a total value of $333,420.32. Following the sale, the chief accounting officer owned 29,344 shares in the company, valued at approximately $3,888,666.88. The trade was a 7.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bryan D. Wheeler sold 9,776 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $135.32, for a total transaction of $1,322,888.32. Following the completion of the sale, the executive vice president directly owned 22,295 shares in the company, valued at $3,016,959.40. This trade represents a 30.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 58,673 shares of company stock worth $7,713,389 in the last quarter. 0.56% of the stock is currently owned by insiders.

Dollar General Price Performance

NYSE:DG opened at $147.55 on Wednesday. The firm has a market capitalization of $32.48 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 2.73 and a beta of 0.26. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17. Dollar General Corporation has a 52-week low of $69.32 and a 52-week high of $154.75. The stock has a fifty day moving average of $131.88 and a 200 day moving average of $115.23.

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

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.6%. Dollar General’s payout ratio is presently 40.76%.

Dollar General Company Profile

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.