First National Bank of Omaha boosted its holdings in shares of Dollar General Corporation (NYSE:DG – Free Report) by 220.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 58,097 shares of the company’s stock after buying an additional 39,941 shares during the quarter. First National Bank of Omaha’s holdings in Dollar General were worth $7,831,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. Life Cycle Investment Partners Ltd acquired a new position in Dollar General during the fourth quarter worth about $363,299,000. AQR Capital Management LLC raised its position in Dollar General by 416.4% during the third quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock worth $259,759,000 after acquiring an additional 2,036,573 shares during the last quarter. Bessemer Group Inc. raised its position in Dollar General by 24,882.5% during the fourth quarter. Bessemer Group Inc. now owns 1,694,315 shares of the company’s stock worth $224,953,000 after acquiring an additional 1,687,533 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Dollar General by 426.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,699,871 shares of the company’s stock worth $225,692,000 after acquiring an additional 1,377,226 shares during the last quarter. Finally, Norges Bank acquired a new position in Dollar General during the fourth quarter worth about $133,431,000. Institutional investors and hedge funds own 91.77% of the company’s stock.
Dollar General Stock Performance
Shares of NYSE DG opened at $114.90 on Friday. The company has a market cap of $25.35 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 1.74 and a beta of 0.26. Dollar General Corporation has a 12 month low of $95.11 and a 12 month high of $158.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25. The company has a 50-day simple moving average of $113.17 and a 200-day simple moving average of $128.89.
Dollar General Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a yield of 2.1%. Dollar General’s dividend payout ratio (DPR) is currently 33.38%.
Analysts Set New Price Targets
DG has been the subject of a number of research reports. Telsey Advisory Group cut their target price on shares of Dollar General from $140.00 to $125.00 and set a “market perform” rating for the company in a research report on Wednesday, June 3rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $149.00 price target on shares of Dollar General in a report on Wednesday, June 3rd. Loop Capital lifted their price target on shares of Dollar General from $110.00 to $115.00 and gave the stock a “hold” rating in a report on Wednesday, June 3rd. Morgan Stanley lowered their price target on shares of Dollar General from $150.00 to $132.00 and set an “equal weight” rating for the company in a report on Wednesday, June 3rd. Finally, The Goldman Sachs Group lowered their price target on shares of Dollar General from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday, June 3rd. Ten research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $131.27.
View Our Latest Research Report on DG
Key Headlines Impacting Dollar General
Here are the key news stories impacting Dollar General this week:
- Positive Sentiment: Multiple analysts raised longer-term earnings estimates for Dollar General, signaling improved profit expectations and supporting the stock’s outlook.
- Positive Sentiment: Wolfe Research reiterated an Outperform rating and a $165 price target, reflecting a constructive view on the shares.
- Positive Sentiment: Coverage emphasized Dollar General’s appeal as a defensive retailer as consumers trade down amid inflation and economic uncertainty. Article Title
- Neutral Sentiment: Technical commentary says the stock is trying to stage a short-term turnaround after finding support near the $100 level, but the broader technical picture is still weak. Article Title
- Neutral Sentiment: Dollar General announced officer appointments and a charitable donation to the American Red Cross, which are positive corporate updates but likely limited near-term stock impact. Article Title
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.
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