Bank of New York Mellon Corp Boosts Stock Holdings in Dollar General Corporation $DG

Bank of New York Mellon Corp increased its position in shares of Dollar General Corporation (NYSE:DG) by 6.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,277,391 shares of the company’s stock after buying an additional 77,736 shares during the quarter. Bank of New York Mellon Corp’s holdings in Dollar General were worth $132,018,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. Elevation Point Wealth Partners LLC purchased a new stake in shares of Dollar General during the 2nd quarter worth about $25,000. Caldwell Trust Co acquired a new position in Dollar General in the 2nd quarter worth about $25,000. Atlantic Union Bankshares Corp purchased a new position in Dollar General during the second quarter worth approximately $26,000. Root Financial Partners LLC acquired a new stake in Dollar General in the third quarter valued at approximately $26,000. Finally, Peoples Financial Services CORP. purchased a new stake in shares of Dollar General in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DG. Telsey Advisory Group reiterated a “market perform” rating and set a $130.00 target price (up previously from $123.00) on shares of Dollar General in a research report on Thursday, December 4th. The Goldman Sachs Group raised shares of Dollar General from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Morgan Stanley lifted their target price on shares of Dollar General from $135.00 to $160.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. BMO Capital Markets upped their price target on shares of Dollar General from $115.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, December 5th. Finally, Sanford C. Bernstein raised their price target on shares of Dollar General from $141.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Fourteen analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $141.27.

Dollar General Price Performance

Shares of NYSE DG opened at $143.42 on Friday. The firm has a 50-day simple moving average of $134.45 and a 200-day simple moving average of $115.84. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $31.57 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 2.57 and a beta of 0.26. Dollar General Corporation has a 52 week low of $69.32 and a 52 week high of $154.75.

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 analysts’ consensus estimates of $0.95 by $0.33. The firm had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. Dollar General’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, equities analysts predict 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 was paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, January 6th. Dollar General’s dividend payout ratio (DPR) is currently 40.76%.

Insider Activity at Dollar General

In other news, EVP Bryan D. Wheeler sold 9,776 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $135.32, for a total transaction of $1,322,888.32. Following the transaction, the executive vice president owned 22,295 shares of the company’s stock, valued at approximately $3,016,959.40. The trade was a 30.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rhonda Taylor sold 7,500 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were 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 directly owned 73,492 shares of the company’s stock, valued at $9,913,335.88. This represents a 9.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 58,673 shares of company stock valued at $7,713,389 in the last three months. Company insiders own 0.56% of the company’s stock.

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.