LGT Fund Management Co Ltd. grew its stake in Dollar General Corporation (NYSE:DG – Free Report) by 109.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 41,610 shares of the company’s stock after buying an additional 21,780 shares during the period. LGT Fund Management Co Ltd.’s holdings in Dollar General were worth $4,940,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of DG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Dollar General by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock valued at $2,314,000 after acquiring an additional 1,185 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Dollar General by 12.3% during the 1st quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock valued at $919,000 after purchasing an additional 1,148 shares in the last quarter. Woodline Partners LP grew its stake in Dollar General by 40.7% during the first quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock worth $1,634,000 after purchasing an additional 5,373 shares during the period. Sivia Capital Partners LLC acquired a new stake in Dollar General during the second quarter worth approximately $211,000. Finally, Jump Financial LLC bought a new stake in Dollar General in the second quarter worth approximately $209,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
DG has been the topic of a number of research analyst reports. Freedom Capital cut Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Telsey Advisory Group lowered their price objective on shares of Dollar General from $140.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, June 3rd. Barclays dropped their target price on shares of Dollar General from $151.00 to $148.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Raymond James Financial restated an “outperform” rating and issued a $145.00 price target on shares of Dollar General in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group decreased their price target on shares of Dollar General from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $131.27.
Dollar General Stock Up 2.7%
Shares of NYSE DG traded up $3.18 during midday trading on Friday, hitting $118.91. 2,226,049 shares of the stock traded hands, compared to its average volume of 2,673,362. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23. The business has a 50 day moving average price of $111.09 and a two-hundred day moving average price of $128.01. The company has a market cap of $26.23 billion, a PE ratio of 16.82, a P/E/G ratio of 1.81 and a beta of 0.25.
Dollar General (NYSE:DG – Get Free Report) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.11. The business had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. Dollar General’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.78 EPS. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. On average, equities analysts predict that Dollar General Corporation will post 7.38 EPS for the current year.
Dollar General Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.0%. Dollar General’s payout ratio is presently 33.38%.
About Dollar General
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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