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

Fort Washington Investment Advisors Inc. OH increased its position in Dollar General Corporation (NYSE:DG) by 3.1% during the third quarter, HoldingsChannel.com reports. 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’s holdings in Dollar General were worth $33,467,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DG. Blue Trust Inc. boosted its position in Dollar General by 5.8% during the second quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock worth $229,000 after purchasing an additional 110 shares in the last quarter. Stablepoint Partners LLC raised its stake in shares of Dollar General by 0.6% during the 2nd quarter. Stablepoint Partners LLC now owns 17,474 shares of the company’s stock worth $1,999,000 after buying an additional 110 shares during the last quarter. Tectonic Advisors LLC raised its stake in shares of Dollar General by 1.9% during the 2nd quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock worth $691,000 after buying an additional 113 shares during the last quarter. Wedmont Private Capital boosted its position in shares of Dollar General by 2.1% in the 3rd quarter. Wedmont Private Capital now owns 5,810 shares of the company’s stock worth $560,000 after buying an additional 118 shares in the last quarter. Finally, Ancora Advisors LLC grew its stake in Dollar General by 1.7% in the 1st quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock valued at $638,000 after acquiring an additional 122 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Guggenheim raised 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. Loop Capital raised their price objective on shares of Dollar General from $100.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, December 5th. The Goldman Sachs Group upgraded Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Gordon Haskett increased their target price on Dollar General from $140.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Finally, Morgan Stanley raised their price target on Dollar General from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.62.

Dollar General Stock Down 0.3%

Shares of NYSE DG opened at $137.42 on Tuesday. The firm has a market cap of $30.25 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 2.51 and a beta of 0.27. 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 1 year low of $66.43 and a 1 year high of $139.83. The firm’s 50 day moving average price is $113.89 and its 200 day moving average price is $110.64.

Dollar General (NYSE:DG) last issued 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. 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 for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the company posted $0.89 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, sell-side analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Carman R. Wenkoff sold 19,166 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total value of $2,530,103.66. Following the completion of the sale, the executive vice president directly owned 43,179 shares in the company, valued at approximately $5,700,059.79. The trade was a 30.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rhonda Taylor sold 7,500 shares of the company’s 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 transaction, the executive vice president directly owned 73,492 shares of the company’s stock, valued at $9,913,335.88. This trade represents a 9.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,673 shares of company stock worth $7,713,389 over the last ninety days. 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.