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

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 Price Performance

NYSE DG traded down $0.27 during mid-day trading on Friday, hitting $72.57. The stock had a trading volume of 2,809,082 shares, compared to its average volume of 3,254,984. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $168.07. The company has a market cap of $15.96 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 2.08 and a beta of 0.43. The company has a 50 day simple moving average of $73.71 and a 200 day simple moving average of $84.55. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the business earned $1.26 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is 38.88%.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the transaction, the executive vice president now directly owns 15,575 shares in the company, valued at $1,206,128. The trade was a 23.33 % 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, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. The trade was a 4.75 % 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.

Institutional Trading of Dollar General

A number of hedge funds and other institutional investors have recently modified their holdings of the business. IMG Wealth Management Inc. acquired a new position in Dollar General in the fourth quarter worth about $25,000. Altshuler Shaham Ltd acquired a new position in Dollar General in the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new position in Dollar General in the third quarter worth about $33,000. Providence First Trust Co acquired a new position in Dollar General in the fourth quarter worth about $33,000. Finally, Bogart Wealth LLC grew its stake in Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DG shares. BMO Capital Markets raised their price objective on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Bank of America upgraded Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Friday, December 6th. Bernstein Bank cut their target price on Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Jefferies Financial Group cut their target price on Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Gordon Haskett lowered Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $96.77.

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.