Fort Washington Investment Advisors Inc. OH Increases Holdings in Dollar General Corporation $DG

Fort Washington Investment Advisors Inc. OH grew its holdings in Dollar General Corporation (NYSE:DG) by 3.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 323,819 shares of the company’s stock after acquiring an additional 9,762 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.15% of Dollar General worth $33,467,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Perigon Wealth Management LLC grew its position in shares of Dollar General by 36.5% in the 3rd quarter. Perigon Wealth Management LLC now owns 9,559 shares of the company’s stock valued at $988,000 after buying an additional 2,558 shares during the last quarter. FSM Wealth Advisors LLC lifted its holdings in shares of Dollar General by 6.7% in the 3rd quarter. FSM Wealth Advisors LLC now owns 5,090 shares of the company’s stock valued at $526,000 after purchasing an additional 320 shares during the last quarter. Apollon Wealth Management LLC boosted its position in shares of Dollar General by 6.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,469 shares of the company’s stock valued at $359,000 after purchasing an additional 203 shares during the period. HBW Advisory Services LLC grew its stake in Dollar General by 8.4% during the 3rd quarter. HBW Advisory Services LLC now owns 2,721 shares of the company’s stock worth $281,000 after buying an additional 210 shares during the last quarter. Finally, CWM LLC increased its position in Dollar General by 467.3% during the third quarter. CWM LLC now owns 73,834 shares of the company’s stock worth $7,631,000 after buying an additional 60,818 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Down 0.3%

DG stock opened at $137.42 on Tuesday. The stock has a market capitalization of $30.25 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 2.51 and a beta of 0.27. The company has a fifty day moving average of $113.89 and a 200-day moving average of $110.64. 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 one year low of $66.43 and a one year high of $139.83.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the company posted $0.89 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.7%. Dollar General’s payout ratio is 40.76%.

Insider Transactions at Dollar General

In related news, EVP Rhonda Taylor sold 7,500 shares of the company’s stock in a transaction 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anita C. Elliott sold 2,516 shares of the business’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 sale, the chief accounting officer owned 29,344 shares in the company, valued at $3,888,666.88. The trade was a 7.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 58,673 shares of company stock valued at $7,713,389. 0.56% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DG shares. Piper Sandler raised their target price on shares of Dollar General from $117.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. The Goldman Sachs Group raised shares of Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Guggenheim upped their target price on shares of Dollar General from $125.00 to $140.00 and gave the company a “buy” rating in a report on Friday, December 5th. Wolfe Research increased their target price on shares of Dollar General from $141.00 to $159.00 and gave the stock an “outperform” rating in a research note on Monday, December 22nd. Finally, Wells Fargo & Company boosted their price target on Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.62.

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.