Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Dollar General Corporation (NYSE:DG – Free Report) by 5.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 493,691 shares of the company’s stock after selling 29,164 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Dollar General were worth $58,616,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of DG. Vanguard Group Inc. lifted its holdings in Dollar General by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company’s stock valued at $3,625,822,000 after acquiring an additional 412,542 shares during the period. State Street Corp lifted its stake 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 purchasing an additional 53,624 shares during the period. Morgan Stanley boosted its holdings in Dollar General by 35.0% during the fourth quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock worth $832,513,000 after buying an additional 1,624,748 shares in the last quarter. Geode Capital Management LLC grew 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 buying an additional 42,936 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Dollar General by 47.9% in the fourth quarter. AQR Capital Management LLC now owns 3,734,500 shares of the company’s stock valued at $495,830,000 after buying an additional 1,208,892 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently commented on DG. Telsey Advisory Group decreased their price target on Dollar General from $140.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, June 3rd. Jefferies Financial Group reduced their price objective on Dollar General from $155.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Evercore lowered their target price on Dollar General from $145.00 to $140.00 in a report on Wednesday, June 3rd. Barclays cut their price target on Dollar General from $151.00 to $148.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Finally, Oppenheimer lowered their price objective on shares of Dollar General from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, May 29th. Ten research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $131.27.
Dollar General Price Performance
Dollar General stock traded up $3.18 during midday trading on Friday, reaching $118.91. 2,226,049 shares of the company were exchanged, compared to its average volume of 2,673,362. The company has a market capitalization of $26.23 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 1.81 and a beta of 0.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17. The firm’s 50-day simple moving average is $111.09 and its 200-day simple moving average is $128.01. Dollar General Corporation has a 1 year low of $95.11 and a 1 year high of $158.23.
Dollar General (NYSE:DG – Get Free Report) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. The business had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the previous year, the firm posted $1.78 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. On average, analysts anticipate 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. Investors of record on Tuesday, July 7th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, July 7th. Dollar General’s dividend payout ratio is presently 33.38%.
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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