Q3 Asset Management Decreases Stake in Dollar General Corporation $DG

Q3 Asset Management lowered its stake in Dollar General Corporation (NYSE:DG) by 22.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,989 shares of the company’s stock after selling 7,210 shares during the period. Dollar General accounts for 0.8% of Q3 Asset Management’s holdings, making the stock its 21st biggest position. Q3 Asset Management’s holdings in Dollar General were worth $3,323,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of Dollar General in the third quarter worth $26,000. Eastern Bank purchased a new position in shares of Dollar General during the fourth quarter worth $35,000. Flagship Harbor Advisors LLC purchased a new position in shares of Dollar General during the fourth quarter worth $36,000. Peoples Financial Services CORP. purchased a new position in shares of Dollar General during the third quarter worth $35,000. Finally, First Horizon Corp raised its holdings in shares of Dollar General by 74.4% during the fourth quarter. First Horizon Corp now owns 340 shares of the company’s stock worth $45,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DG shares. Barclays reissued an “overweight” rating on shares of Dollar General in a report on Thursday, March 12th. Piper Sandler raised their target price on shares of Dollar General from $132.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, March 13th. Loop Capital raised their target price on shares of Dollar General from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Telsey Advisory Group reissued a “market perform” rating and set a $140.00 target price on shares of Dollar General in a report on Tuesday, March 24th. Finally, Morgan Stanley reduced their target price on shares of Dollar General from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. Thirteen investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Dollar General currently has an average rating of “Hold” and a consensus price target of $146.54.

Dollar General Stock Up 0.1%

DG stock opened at $126.81 on Monday. The firm has a market cap of $27.93 billion, a PE ratio of 18.51, a P/E/G ratio of 2.05 and a beta of 0.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.22 and a current ratio of 1.13. The firm’s fifty day moving average is $135.45 and its 200 day moving average is $126.66. Dollar General Corporation has a one year low of $86.25 and a one year high of $158.23.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 12th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.57 by $0.36. The company had revenue of $10.91 billion for the quarter, compared to analyst estimates of $10.78 billion. Dollar General had a net margin of 3.54% and a return on equity of 18.66%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $0.87 earnings per share. Dollar General has set its FY 2026 guidance at 7.100-7.35 EPS. On average, research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 7th will be given a $0.59 dividend. The ex-dividend date is Tuesday, April 7th. This represents a $2.36 annualized dividend and a dividend yield of 1.9%. Dollar General’s dividend payout ratio (DPR) is 34.45%.

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.