Thompson Siegel & Walmsley LLC decreased its position in shares of Dollar General Corporation (NYSE:DG – Free Report) by 51.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,482 shares of the company’s stock after selling 131,404 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Dollar General were worth $16,527,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac purchased a new stake in shares of Dollar General during the fourth quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Dollar General by 69.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock valued at $26,000 after purchasing an additional 79 shares during the last quarter. Eastern Bank acquired a new stake in Dollar General during the 4th quarter valued at approximately $35,000. Flagship Harbor Advisors LLC acquired a new stake in Dollar General during the 4th quarter valued at approximately $36,000. Finally, Basepoint Wealth LLC purchased a new stake in Dollar General during the 4th quarter worth approximately $39,000. 91.77% of the stock is owned by hedge funds and other institutional investors.
Dollar General Stock Performance
DG stock opened at $110.52 on Monday. The stock’s 50 day simple moving average is $115.48 and its 200 day simple moving average is $128.67. Dollar General Corporation has a 12-month low of $95.11 and a 12-month high of $158.23. The firm has a market cap of $24.34 billion, a P/E ratio of 16.13, a P/E/G ratio of 1.80 and a beta of 0.26. The company has a current ratio of 1.13, a quick ratio of 0.22 and a debt-to-equity ratio of 0.54.
Dollar General Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 7th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.1%. Dollar General’s payout ratio is 34.45%.
Dollar General News Roundup
Here are the key news stories impacting Dollar General this week:
- Positive Sentiment: Dollar General rose alongside Dollar Tree after DLTR beat first-quarter expectations and lifted its profit forecast, boosting sentiment across discount retailers and suggesting resilient demand from lower-income consumers.
- Positive Sentiment: Oppenheimer kept an outperform rating on Dollar General while lowering its price target to $150 from $170, citing potential upside despite cost pressures and cautious consumer spending; the new target still implies meaningful upside from current levels.
- Neutral Sentiment: Analysts at Rothschild & Co Redburn made several mixed EPS estimate changes for future years, including some upward revisions, but the firm maintained a Sell rating and a $90 target, making the revisions less relevant to near-term trading.
- Neutral Sentiment: Investors are also watching Dollar General’s upcoming Q1 results and guidance, with Oppenheimer suggesting the company could guide conservatively because of cost headwinds and pressure on consumers.
- Negative Sentiment: Broader concerns remain around labor practices, workplace safety, and a shareholder vote on a human rights policy, which could add reputational and governance pressure on the stock over time.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on DG shares. Evercore cut their target price on Dollar General from $145.00 to $144.00 in a research report on Tuesday, March 3rd. Sanford C. Bernstein cut their price target on shares of Dollar General from $150.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dollar General in a research note on Friday, April 10th. Telsey Advisory Group reissued a “market perform” rating and set a $140.00 price objective on shares of Dollar General in a report on Tuesday, March 24th. Finally, Barclays restated an “overweight” rating on shares of Dollar General in a research note on Thursday, March 12th. Twelve research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and a consensus price target of $139.19.
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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