Retirement Systems of Alabama lifted its position in shares of Dollar General Corporation (NYSE:DG – Free Report) by 237.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,255 shares of the company’s stock after acquiring an additional 109,992 shares during the period. Retirement Systems of Alabama’s holdings in Dollar General were worth $18,685,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. AlphaCentric Advisors LLC lifted its position in Dollar General by 5.4% in the 3rd quarter. AlphaCentric Advisors LLC now owns 1,790 shares of the company’s stock valued at $214,000 after acquiring an additional 92 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Dollar General by 4.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,286 shares of the company’s stock valued at $273,000 after purchasing an additional 100 shares during the last quarter. Cidel Asset Management Inc. boosted its stake in Dollar General by 2.5% during the 3rd quarter. Cidel Asset Management Inc. now owns 4,429 shares of the company’s stock valued at $530,000 after purchasing an additional 106 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of Dollar General by 2.3% in the 2nd quarter. Ballentine Partners LLC now owns 5,470 shares of the company’s stock worth $630,000 after purchasing an additional 122 shares in the last quarter. Finally, Investment Research Partners LLC increased its holdings in shares of Dollar General by 6.2% in the 3rd quarter. Investment Research Partners LLC now owns 2,377 shares of the company’s stock worth $284,000 after purchasing an additional 138 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.
Dollar General Stock Up 0.0%
Shares of Dollar General stock opened at $137.34 on Thursday. Dollar General Corporation has a twelve month low of $99.50 and a twelve month high of $158.23. The company has a quick ratio of 0.31, a current ratio of 1.21 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $128.16 and its 200 day moving average is $125.64. The company has a market cap of $30.30 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 1.83 and a beta of 0.19.
Dollar General (NYSE:DG – Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.47. The business had revenue of $11.29 billion during the quarter, compared to the consensus estimate of $11.20 billion. Dollar General had a net margin of 3.90% and a return on equity of 18.93%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.86 EPS. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. Research analysts anticipate that Dollar General Corporation will post 7.70 EPS for the current year.
Dollar General Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, October 6th. Dollar General’s dividend payout ratio (DPR) is 30.69%.
Analyst Ratings Changes
Several research firms have recently weighed in on DG. Telsey Advisory Group boosted their price target on Dollar General from $125.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, August 28th. Morgan Stanley increased their price objective on Dollar General from $132.00 to $145.00 and gave the company an “equal weight” rating in a research report on Friday, August 28th. Wall Street Zen cut Dollar General from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $160.00 price objective on shares of Dollar General in a report on Friday, August 28th. Finally, The Goldman Sachs Group boosted their target price on Dollar General from $128.00 to $141.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Thirteen research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $137.96.
Get Our Latest Research Report on Dollar General
Dollar General Company 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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