Plato Investment Management Ltd Takes $696,000 Position in Dollar General Corporation $DG

Plato Investment Management Ltd purchased a new stake in Dollar General Corporation (NYSE:DG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,086 shares of the company’s stock, valued at approximately $696,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in shares of Dollar General in the second quarter valued at $162,412,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Dollar General during the second quarter valued at $33,649,000. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Dollar General during the second quarter valued at $10,169,000. Merit Financial Group LLC raised its position in Dollar General by 19.6% during the second quarter. Merit Financial Group LLC now owns 31,727 shares of the company’s stock valued at $3,652,000 after buying an additional 5,205 shares during the period. Finally, Rosenberg Matthew Hamilton raised its position in Dollar General by 788.1% during the second quarter. Rosenberg Matthew Hamilton now owns 373 shares of the company’s stock valued at $43,000 after buying an additional 331 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on DG. Morgan Stanley decreased their price objective on Dollar General from $150.00 to $132.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $149.00 target price on shares of Dollar General in a report on Wednesday, June 3rd. Evercore reduced their price target on shares of Dollar General from $145.00 to $140.00 in a research report on Wednesday, June 3rd. Daiwa Securities Group decreased their price target on shares of Dollar General from $136.00 to $111.00 and set a “neutral” rating for the company in a report on Thursday, June 4th. Finally, Telsey Advisory Group lowered their price objective on shares of Dollar General from $140.00 to $125.00 and set a “market perform” rating on the stock in a research report on Wednesday, June 3rd. Ten investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $130.42.

Dollar General Stock Up 0.8%

DG opened at $121.06 on Wednesday. The company has a market capitalization of $26.70 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.87 and a beta of 0.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25. Dollar General Corporation has a fifty-two week low of $95.11 and a fifty-two week high of $158.23. The business has a 50-day moving average of $119.81 and a 200-day moving average of $124.26.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.89 by $0.11. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The business had revenue of $10.79 billion during the quarter, compared to analysts’ expectations of $10.81 billion. During the same quarter in the previous year, the business posted $1.78 EPS. The firm’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. Equities research analysts forecast that Dollar General Corporation will post 7.38 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, July 7th. Dollar General’s payout ratio is currently 33.38%.

About Dollar General

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.