Rep. Julie Johnson Buys Dollar General Co. (NYSE:DG) Shares

Representative Julie Johnson (D-Texas) recently bought shares of Dollar General Co. NYSE: DG. In a filing disclosed on February 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Dollar General stock on January 15th. The trade occurred in the Representative's "MERRILL LYNCH TAX EFFICIENT CORE" account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 1/28/2025.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 1/28/2025.
• Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 1/28/2025.
• Sold $1,001 - $15,000 in shares of ALLETE NYSE: ALE on 1/28/2025.
• Sold $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 1/27/2025.
• Purchased $1,001 - $15,000 in shares of Progressive NYSE: PGR on 1/24/2025.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 1/24/2025.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 1/24/2025.
• Sold $1,001 - $15,000 in shares of Morgan Stanley NYSE: MS on 1/24/2025.
• Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 1/17/2025.

Dollar General Stock Performance

DG stock traded up $2.36 during midday trading on Tuesday, reaching $74.92. 3,787,618 shares of the company's stock traded hands, compared to its average volume of 3,375,641. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $168.07. The stock has a market cap of $16.48 billion, a P/E ratio of 12.34, a PEG ratio of 2.08 and a beta of 0.43. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The stock's 50-day moving average is $73.55 and its 200 day moving average is $83.71.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). The business had revenue of $10.18 billion for the quarter, compared to analysts' expectations of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. As a group, analysts anticipate that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.15%. Dollar General's dividend payout ratio is currently 38.88%.

Institutional Investors Weigh In On Dollar General

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pzena Investment Management LLC increased its stake in Dollar General by 453.4% in the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company's stock worth $865,903,000 after buying an additional 8,388,735 shares during the period. First Eagle Investment Management LLC purchased a new position in Dollar General in the 4th quarter worth about $399,433,000. ACR Alpine Capital Research LLC increased its stake in Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock worth $306,424,000 after buying an additional 3,994,070 shares during the period. Baupost Group LLC MA purchased a new position in Dollar General in the 3rd quarter worth about $194,832,000. Finally, Norges Bank purchased a new position in Dollar General in the 4th quarter worth about $140,421,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of recent analyst reports. Gordon Haskett lowered shares of Dollar General from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Wells Fargo & Company dropped their price target on shares of Dollar General from $90.00 to $80.00 and set an "equal weight" rating for the company in a research report on Thursday, December 5th. Sanford C. Bernstein started coverage on shares of Dollar General in a research report on Tuesday, October 22nd. They set an "outperform" rating and a $98.00 target price for the company. BMO Capital Markets upped their target price on shares of Dollar General from $80.00 to $84.00 and gave the stock a "market perform" rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Dollar General from $97.00 to $82.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $96.77.

Insider Buying and Selling at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of the firm's stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.