Equity Investment Corp lifted its stake in Dollar General Corporation (NYSE:DG – Free Report) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 886,764 shares of the company’s stock after purchasing an additional 4,508 shares during the period. Dollar General makes up 1.5% of Equity Investment Corp’s investment portfolio, making the stock its 24th largest holding. Equity Investment Corp’s holdings in Dollar General were worth $106,039,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in shares of Dollar General during the second quarter valued at $162,412,000. Flossbach Von Storch SE acquired a new position in Dollar General during the second quarter valued at $81,178,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Dollar General in the 2nd quarter worth about $50,887,000. Renaissance Technologies LLC lifted its stake in Dollar General by 121.3% in the 1st quarter. Renaissance Technologies LLC now owns 704,204 shares of the company’s stock worth $83,610,000 after acquiring an additional 386,000 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Dollar General in the 2nd quarter worth about $33,649,000. Institutional investors and hedge funds own 91.77% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. HSBC upgraded Dollar General from a “hold” rating to a “buy” rating and raised their price objective for the stock from $125.00 to $160.00 in a research report on Thursday, September 24th. Wolfe Research reiterated an “outperform” rating and issued a $143.00 target price on shares of Dollar General in a report on Thursday, August 13th. BNP Paribas Exane increased their price target on shares of Dollar General from $113.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Sanford C. Bernstein reissued an “outperform” rating and issued a $160.00 price target on shares of Dollar General in a research report on Friday, August 28th. Finally, Guggenheim restated a “buy” rating and set a $140.00 price target on shares of Dollar General in a report on Monday, August 31st. Thirteen analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $137.96.
Check Out Our Latest Stock Analysis on DG
Dollar General Trading Up 0.5%
NYSE DG opened at $137.42 on Wednesday. Dollar General Corporation has a 1-year low of $99.50 and a 1-year 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. The company has a market capitalization of $30.32 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 1.82 and a beta of 0.19. The firm’s fifty day simple moving average is $128.04 and its 200-day simple moving average is $125.69.
Dollar General (NYSE:DG – Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.47. The business had revenue of $11.29 billion during the quarter, compared to analyst estimates of $11.20 billion. Dollar General had a return on equity of 18.93% and a net margin of 3.90%. Dollar General’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $1.86 earnings per share. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. As a group, sell-side analysts anticipate that Dollar General Corporation will post 7.70 earnings per share for the current fiscal year.
Dollar General Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 6th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, October 6th. Dollar General’s dividend payout ratio is presently 30.69%.
Key Headlines Impacting Dollar General
Here are the key news stories impacting Dollar General this week:
- Positive Sentiment: Dollar General is accelerating remodels through Project Renovate and Project Elevate, which target comparable-sales lifts of 6% and 3%, respectively. If achieved, the initiatives could support future sales growth. How Much Growth Can Dollar General Unlock From Store Remodels?
- Neutral Sentiment: Director Timothy I. McGuire notified the company that he plans to resign from Dollar General’s board in December. The reports give no reason for his departure or indicate an impact on operations. Timothy McGuire to resign from Dollar General board in December
- Neutral Sentiment: Recent articles compare DG’s valuation with Ross Stores (ROST), but the provided coverage does not identify a new company-specific development or clear catalyst for DG shares. DG or ROST: Which Is the Better Value Stock Right Now?
Dollar General Profile
Dollar General Corporation is an American discount retailer that operates neighborhood stores offering everyday essentials at value-oriented prices. Its merchandise includes food and household supplies, cleaning products, health and beauty items, seasonal goods, apparel, and home products, with a mix of national brands and private-label products. The company traces its roots to J.L. Turner & Son, a family-owned business established in 1939. The first store operating under the Dollar General name opened in Springfield, Kentucky, in 1955.
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