Strs Ohio Purchases 242,302 Shares of Dollar General Corporation $DG

Strs Ohio raised its stake in Dollar General Corporation (NYSE:DG) by 97.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 490,552 shares of the company’s stock after purchasing an additional 242,302 shares during the period. Strs Ohio owned 0.22% of Dollar General worth $50,699,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DG. New Wave Wealth Advisors LLC grew its holdings in shares of Dollar General by 8.4% during the third quarter. New Wave Wealth Advisors LLC now owns 2,358 shares of the company’s stock valued at $244,000 after buying an additional 182 shares during the last quarter. Hudson Edge Investment Partners Inc. grew its position in Dollar General by 28.0% during the third quarter. Hudson Edge Investment Partners Inc. now owns 66,533 shares of the company’s stock valued at $6,876,000 after buying an additional 14,536 shares during the period. Triad Wealth Partners LLC bought a new stake in Dollar General in the third quarter worth about $370,000. Rakuten Investment Management Inc. purchased a new position in Dollar General in the third quarter valued at about $6,606,000. Finally, Cornerstone Wealth Group LLC grew its position in shares of Dollar General by 2.8% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 96,174 shares of the company’s stock valued at $9,940,000 after acquiring an additional 2,648 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Bryan D. Wheeler sold 9,776 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $135.32, for a total value of $1,322,888.32. Following the transaction, the executive vice president owned 22,295 shares of the company’s stock, valued at $3,016,959.40. This represents a 30.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rhonda Taylor sold 7,500 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total value of $1,011,675.00. Following the transaction, the executive vice president owned 73,492 shares in the company, valued at approximately $9,913,335.88. This represents a 9.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,673 shares of company stock worth $7,713,389 over the last ninety days. Corporate insiders own 0.56% of the company’s stock.

Dollar General Stock Performance

Shares of NYSE DG opened at $144.68 on Friday. 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 Corporation has a 52-week low of $69.32 and a 52-week high of $154.75. The company has a market cap of $31.85 billion, a PE ratio of 24.99, a PEG ratio of 2.67 and a beta of 0.26. The firm’s 50-day moving average price is $129.20 and its 200-day moving average price is $114.48.

Dollar General (NYSE:DG) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.6%. Dollar General’s payout ratio is presently 40.76%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wolfe Research upped their price objective on Dollar General from $141.00 to $159.00 and gave the company an “outperform” rating in a research note on Monday, December 22nd. Wells Fargo & Company increased 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. JPMorgan Chase & Co. increased their target price on shares of Dollar General from $166.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Morgan Stanley increased their price target on shares of Dollar General from $135.00 to $160.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Finally, 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. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $140.19.

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.