Tredje AP fonden acquired a new stake in Dollar General Corporation (NYSE:DG – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 92,596 shares of the company’s stock, valued at approximately $12,294,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DG. Root Financial Partners LLC acquired a new position in Dollar General in the 3rd quarter valued at approximately $26,000. Eastern Bank acquired a new position in Dollar General in the 4th quarter valued at approximately $35,000. Flagship Harbor Advisors LLC acquired a new position in Dollar General in the 4th quarter valued at approximately $36,000. First Horizon Corp increased its position in Dollar General by 74.4% in the 4th quarter. First Horizon Corp now owns 340 shares of the company’s stock valued at $45,000 after acquiring an additional 145 shares during the period. Finally, Rialto Wealth Management LLC increased its position in Dollar General by 427.3% in the 4th quarter. Rialto Wealth Management LLC now owns 348 shares of the company’s stock valued at $46,000 after acquiring an additional 282 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.
Dollar General Stock Performance
Shares of Dollar General stock opened at $103.59 on Wednesday. The business has a 50-day moving average price of $120.39 and a two-hundred day moving average price of $128.28. Dollar General Corporation has a 1-year low of $95.11 and a 1-year high of $158.23. The company has a current ratio of 1.13, a quick ratio of 0.22 and a debt-to-equity ratio of 0.54. The company has a market cap of $22.81 billion, a P/E ratio of 15.12, a PEG ratio of 1.72 and a beta of 0.28.
Dollar General Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, April 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. Dollar General’s dividend payout ratio is presently 34.45%.
Key Dollar General News
Here are the key news stories impacting Dollar General this week:
- Positive Sentiment: Jefferies raised its price target on Dollar General to $155 and kept a buy rating, implying meaningful upside from current levels. Dollar General (NYSE:DG) Given New $155.00 Price Target at Jefferies Financial Group
- Positive Sentiment: Dollar General highlighted awards for customer experience and its digital push, including myDG loyalty and same-day delivery, which may support longer-term sales growth and efficiency. Dollar General Awards Spotlight Digital Push As Shares Trade Below Targets
- Neutral Sentiment: New articles from Zacks and Yahoo Finance frame DG as a value stock, comparing it with Ross Stores and suggesting the market is weighing whether the discount retailer is cheap enough to buy now. DG or ROST: Which Is the Better Value Stock Right Now?
- Neutral Sentiment: Dollar General’s last reported quarter beat earnings and revenue expectations, which remains a supportive backdrop, but the market appears focused more on valuation and future growth than on the beat itself. Dollar General Corporation earnings results
- Negative Sentiment: Rothschild & Co Redburn cut its price target to $90 and maintained a sell rating, adding a bearish note that likely weighs on the shares. Dollar General (NYSE:DG) Price Target Lowered to $90.00 at Rothschild & Co Redburn
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on DG shares. Morgan Stanley decreased their price target on shares of Dollar General from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. BNP Paribas Exane restated a “neutral” rating and issued a $127.00 price target on shares of Dollar General in a research report on Thursday, March 12th. Evercore decreased their price target on shares of Dollar General from $145.00 to $144.00 in a research report on Tuesday, March 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Dollar General in a research report on Friday, April 10th. Finally, Gordon Haskett decreased their price target on shares of Dollar General from $160.00 to $140.00 in a research report on Wednesday, May 6th. Thirteen equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and an average price target of $143.62.
Read Our Latest Analysis on Dollar General
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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