ZWJ Investment Counsel Inc. lifted its holdings in shares of Dollar General Corporation (NYSE:DG – Free Report) by 7.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 166,892 shares of the company’s stock after purchasing an additional 12,208 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Dollar General were worth $19,957,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of DG. Caitong International Asset Management Co. Ltd increased its position in shares of Dollar General by 4,550.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company’s stock worth $25,000 after purchasing an additional 182 shares during the last quarter. Evergreen Advisors LLC acquired a new position in Dollar General in the first quarter valued at about $25,000. Reflection Asset Management acquired a new position in Dollar General in the fourth quarter valued at about $28,000. Rosenberg Matthew Hamilton boosted its stake in Dollar General by 788.1% during the second quarter. Rosenberg Matthew Hamilton now owns 373 shares of the company’s stock worth $43,000 after buying an additional 331 shares during the period. Finally, Community Bank N.A. increased its position in shares of Dollar General by 216.4% during the second quarter. Community Bank N.A. now owns 443 shares of the company’s stock valued at $51,000 after acquiring an additional 303 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
DG has been the topic of a number of research analyst reports. Oppenheimer reissued an “outperform” rating and issued a $150.00 price target on shares of Dollar General in a research note on Tuesday, August 25th. Wolfe Research restated an “outperform” rating and issued a $143.00 price objective on shares of Dollar General in a report on Thursday, August 13th. Raymond James Financial reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dollar General in a research report on Friday, August 28th. The Goldman Sachs Group lifted their target price on shares of Dollar General from $128.00 to $141.00 and gave the company a “neutral” rating in a report on Friday, August 28th. Finally, BMO Capital Markets lifted their target price on shares of Dollar General from $120.00 to $135.00 and gave the company a “market perform” rating in a report on Friday, August 28th. Twelve investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average target price of $137.96.
Dollar General Stock Up 4.0%
Shares of NYSE DG opened at $130.06 on Thursday. The stock has a market cap of $28.69 billion, a P/E ratio of 16.91, a PEG ratio of 1.71 and a beta of 0.23. The business’s fifty day simple moving average is $124.27 and its 200-day simple moving average is $118.95. Dollar General Corporation has a 12-month low of $95.11 and a 12-month high of $158.23. The company has a current ratio of 1.21, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49.
Dollar General (NYSE:DG – Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.01 by $0.47. Dollar General had a return on equity of 18.93% and a net margin of 3.90%. The firm had revenue of $11.29 billion during the quarter, compared to analysts’ expectations of $11.20 billion. During the same period in the previous year, the firm posted $1.86 EPS. Dollar General’s revenue for the quarter was up 5.2% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. As a group, equities analysts predict that Dollar General Corporation will post 7.69 EPS for the current fiscal year.
Dollar General Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, October 6th. Dollar General’s dividend payout ratio (DPR) is presently 30.69%.
Dollar General Company Profile
Dollar General Corporation (NYSE: DG) operates a chain of discount retail stores focused on providing everyday goods at affordable prices. Its merchandise includes consumable products such as food, beverages, cleaning supplies, paper products, and personal-care items, along with seasonal goods, home products, basic apparel, and select health and beauty products. Many stores also offer tobacco products, prepaid wireless services, and other convenience-oriented items.
The company primarily serves rural and suburban communities in the United States through a network of small-format stores located across most U.S.
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