Van ECK Associates Corp Increases Position in Dollar General Corporation $DG

Van ECK Associates Corp increased its holdings in Dollar General Corporation (NYSE:DGFree Report) by 81.8% in the second quarter, HoldingsChannel.com reports. The firm owned 48,500 shares of the company’s stock after buying an additional 21,829 shares during the quarter. Van ECK Associates Corp’s holdings in Dollar General were worth $5,583,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DG. State Street Corp increased its position in shares of Dollar General by 0.5% in the fourth quarter. State Street Corp now owns 11,017,002 shares of the company’s stock valued at $1,462,727,000 after buying an additional 53,624 shares in the last quarter. Morgan Stanley grew its stake in Dollar General by 35.0% in the 4th quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock valued at $832,513,000 after acquiring an additional 1,624,748 shares during the period. Geode Capital Management LLC raised its position in Dollar General by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock worth $754,857,000 after acquiring an additional 42,936 shares during the period. AQR Capital Management LLC lifted its holdings in Dollar General by 47.9% during the fourth quarter. AQR Capital Management LLC now owns 3,734,500 shares of the company’s stock valued at $495,830,000 after purchasing an additional 1,208,892 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Dollar General by 6.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,868,239 shares of the company’s stock valued at $340,546,000 after purchasing an additional 167,546 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DG shares. Freedom Capital cut Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Barclays lowered their price target on Dollar General from $151.00 to $148.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Morgan Stanley boosted their price target on Dollar General from $132.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Friday, August 28th. Guggenheim reissued a “buy” rating and issued a $140.00 price objective on shares of Dollar General in a research note on Monday. Finally, Telsey Advisory Group lifted their target price on shares of Dollar General from $125.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, August 28th. Ten research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $134.65.

Check Out Our Latest Report on Dollar General

Dollar General Stock Performance

NYSE DG opened at $130.91 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 1.21. The stock’s fifty day moving average is $122.27 and its two-hundred day moving average is $122.62. The firm has a market capitalization of $28.88 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 1.79 and a beta of 0.23. Dollar General Corporation has a fifty-two week low of $95.11 and a fifty-two week high of $158.23.

Dollar General (NYSE:DGGet Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.47. Dollar General had a net margin of 3.90% and a return on equity of 18.93%. The firm had revenue of $11.29 billion for the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter in the previous year, the company posted $1.86 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. On average, research analysts anticipate that Dollar General Corporation will post 7.68 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.8%. Dollar General’s dividend payout ratio (DPR) is currently 30.69%.

Dollar General Profile

(Free Report)

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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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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