Russell Investments Group Ltd. Acquires 94,366 Shares of Dollar General Corporation $DG

Russell Investments Group Ltd. grew its holdings in Dollar General Corporation (NYSE:DG) by 6.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,607,977 shares of the company’s stock after purchasing an additional 94,366 shares during the quarter. Russell Investments Group Ltd.’s holdings in Dollar General were worth $166,161,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Elevation Point Wealth Partners LLC acquired a new stake in shares of Dollar General in the second quarter valued at $25,000. Caldwell Trust Co acquired a new position in Dollar General during the 2nd quarter worth about $25,000. Atlantic Union Bankshares Corp bought a new stake in Dollar General during the 2nd quarter worth about $26,000. Root Financial Partners LLC bought a new stake in Dollar General during the 3rd quarter worth about $26,000. Finally, Peoples Financial Services CORP. acquired a new stake in Dollar General in the 3rd quarter valued at about $35,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Carman R. Wenkoff sold 19,166 shares of the firm’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 transaction of $2,530,103.66. Following the completion of the transaction, the executive vice president directly owned 43,179 shares of the company’s stock, valued at $5,700,059.79. This trade represents a 30.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Roderick J. West sold 2,282 shares of Dollar General stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $133.35, for a total transaction of $304,304.70. Following the completion of the sale, the executive vice president owned 36,108 shares in the company, valued at $4,815,001.80. This trade represents a 5.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,673 shares of company stock worth $7,713,389 in the last 90 days. Company insiders own 0.56% of the company’s stock.

Dollar General News Summary

Here are the key news stories impacting Dollar General this week:

• Positive Sentiment: Street expects an earnings beat: analysts and previews point to the right mix of traffic, promotions and cost control that could produce an upside to consensus when Dollar General reports. Dollar General (DG) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
• Neutral Sentiment: Event risk — DG has its fiscal Q4 / full?year release scheduled for March 12, creating a common pre?earnings positioning window that can increase volatility. Dollar General (DG) to Release Earnings on Thursday
• Neutral Sentiment: Mixed analyst picture: QuiverQuant shows a wide range of targets (median ? $143) — several high targets exist alongside lower ones, signaling divergent Street expectations rather than consensus momentum. That mixed view can keep price action sensitive to the print and guidance. Dollar General slides 4.5% as traders de-risk ahead of earnings and technicals cool off
• Negative Sentiment: Piper Sandler raised its price target to $132 but kept a “neutral” rating — that target sits below the current share price, implying downside in that shop’s view despite the raise. Benzinga
• Negative Sentiment: Evercore trimmed its price target to $144, signaling more muted upside from that analyst and adding to headline risk ahead of the report. Evercore Cuts Dollar General (NYSE:DG) Price Target to $144.00
• Negative Sentiment: Near?term technical/profit?taking and notable insider/institutional selling have weighed on the stock in recent sessions — items investors often treat as cautionary ahead of earnings. Dollar General slides 4.5% as traders de-risk ahead of earnings and technicals cool off

Wall Street Analysts Forecast Growth

DG has been the topic of a number of research reports. Raymond James Financial reiterated an “outperform” rating and set a $135.00 target price on shares of Dollar General in a research report on Friday, December 5th. Evercore reduced their price target on Dollar General from $145.00 to $144.00 in a research report on Tuesday, March 3rd. Wells Fargo & Company boosted their price objective on shares of Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, December 19th. Loop Capital increased their price target on Dollar General from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Finally, BNP Paribas Exane boosted their price objective on Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Fourteen research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $145.93.

Dollar General Stock Performance

DG opened at $146.05 on Monday. The business’s 50-day moving average price is $147.14 and its two-hundred day moving average price is $122.78. Dollar General Corporation has a 1 year low of $74.67 and a 1 year high of $158.23. The company has a market capitalization of $32.15 billion, a price-to-earnings ratio of 25.22, a P/E/G ratio of 2.41 and a beta of 0.23. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. The company had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 earnings per share. Equities analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

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.