Dollar General Corporation $DG Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its stake in shares of Dollar General Corporation (NYSE:DG) by 45.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 23,791 shares of the company’s stock after selling 20,145 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Dollar General were worth $2,459,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Elevation Point Wealth Partners LLC acquired a new position in Dollar General in the 2nd quarter valued at approximately $25,000. Caldwell Trust Co bought a new position in shares of Dollar General during the second quarter worth $25,000. Atlantic Union Bankshares Corp bought a new position in Dollar General during the second quarter worth about $26,000. Root Financial Partners LLC acquired a new position in shares of Dollar General in the 3rd quarter valued at approximately $26,000. Finally, Peoples Financial Services CORP. acquired a new stake in shares of Dollar General during the third quarter worth $35,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In related news, EVP Tracey N. Herrmann sold 12,583 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $125.07, for a total value of $1,573,755.81. Following the completion of the sale, the executive vice president owned 30,948 shares of the company’s stock, valued at approximately $3,870,666.36. This represents a 28.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Carman R. Wenkoff sold 19,166 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the sale, the executive vice president owned 43,179 shares in the company, valued at approximately $5,700,059.79. This trade represents a 30.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 58,673 shares of company stock valued at $7,713,389. Insiders own 0.56% of the company’s stock.

Dollar General Price Performance

NYSE:DG traded down $1.41 on Wednesday, reaching $146.25. 101,809 shares of the company’s stock traded hands, compared to its average volume of 3,350,594. The stock has a 50-day simple moving average of $131.88 and a 200-day simple moving average of $115.23. Dollar General Corporation has a 12 month low of $69.32 and a 12 month high of $154.75. The firm has a market cap of $32.19 billion, a PE ratio of 25.20, a P/E/G ratio of 2.73 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 (NYSE:DG) last released its quarterly earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $0.95 by $0.33. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The company had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the business posted $0.89 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Equities research analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, January 6th. Dollar General’s dividend payout ratio is currently 40.76%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DG shares. Morgan Stanley upped their target price on shares of Dollar General from $135.00 to $160.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Evercore ISI raised their target price on shares of Dollar General from $140.00 to $143.00 in a report on Tuesday. BMO Capital Markets raised their price objective 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. BNP Paribas Exane boosted their target price on shares of Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Finally, Guggenheim increased their price target on Dollar General from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Fourteen 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 company presently has an average rating of “Hold” and a consensus price target of $141.27.

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.