Rhumbline Advisers Sells 14,195 Shares of Dollar General Corporation $DG

Rhumbline Advisers cut its stake in shares of Dollar General Corporation (NYSE:DG) by 3.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 430,469 shares of the company’s stock after selling 14,195 shares during the quarter. Rhumbline Advisers’ holdings in Dollar General were worth $44,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of DG. Bryn Mawr Trust Advisors LLC purchased a new position in Dollar General during the third quarter valued at $8,803,000. Arista Wealth Management LLC purchased a new stake in shares of Dollar General in the 3rd quarter worth about $351,000. Allianz Asset Management GmbH increased its stake in shares of Dollar General by 16.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 805,645 shares of the company’s stock worth $83,263,000 after acquiring an additional 112,862 shares in the last quarter. Vanguard Group Inc. lifted its position in Dollar General by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock valued at $3,067,403,000 after acquiring an additional 384,447 shares during the period. Finally, Empowered Funds LLC boosted its stake in Dollar General by 483.1% during the second quarter. Empowered Funds LLC now owns 30,630 shares of the company’s stock worth $3,503,000 after acquiring an additional 25,377 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Citigroup raised their target price on shares of Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Wells Fargo & Company upped their price target on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, December 19th. The Goldman Sachs Group raised Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Oppenheimer boosted their target price on Dollar General from $138.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Finally, JPMorgan Chase & Co. increased their target price on Dollar General from $166.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, January 9th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $144.22.

Insider Buying and Selling at Dollar General

In other news, EVP Tracey N. Herrmann sold 12,583 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $125.07, for a total transaction of $1,573,755.81. Following the sale, the executive vice president owned 30,948 shares of the company’s stock, valued at $3,870,666.36. This trade represents a 28.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Rhonda Taylor sold 7,500 shares of Dollar General stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $134.89, for a total transaction of $1,011,675.00. Following the completion of the sale, the executive vice president owned 73,492 shares of the company’s stock, valued at $9,913,335.88. This represents a 9.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 58,673 shares of company stock worth $7,713,389. 0.56% of the stock is owned by company insiders.

Dollar General Stock Performance

DG stock opened at $153.76 on Friday. The stock’s 50 day simple moving average is $141.54 and its 200 day simple moving average is $118.48. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63. Dollar General Corporation has a 12-month low of $70.01 and a 12-month high of $154.75. The stock has a market capitalization of $33.85 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 2.47 and a beta of 0.25.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.33. The firm 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%.The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, research analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.5%. Dollar General’s payout ratio is 40.76%.

Dollar General 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.