Capital World Investors Reduces Position in Dollar General Corporation $DG

Capital World Investors trimmed its holdings in shares of Dollar General Corporation (NYSE:DG) by 3.5% during the fourth quarter, Holdings Channel reports. The fund owned 936,230 shares of the company’s stock after selling 34,317 shares during the quarter. Capital World Investors’ holdings in Dollar General were worth $124,303,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DG. Havemeyer Place LP acquired a new position in Dollar General in the fourth quarter worth about $1,219,000. MCF Advisors LLC grew its stake in Dollar General by 80,600.0% in the fourth quarter. MCF Advisors LLC now owns 807 shares of the company’s stock worth $107,000 after purchasing an additional 806 shares in the last quarter. Pinebridge Investments LLC acquired a new position in Dollar General in the fourth quarter worth about $11,864,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Dollar General by 15.1% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 55,734 shares of the company’s stock worth $7,400,000 after purchasing an additional 7,300 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in Dollar General by 46.2% in the fourth quarter. Parallel Advisors LLC now owns 3,329 shares of the company’s stock worth $442,000 after purchasing an additional 1,052 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on DG shares. Truist Financial lifted their price target on Dollar General from $109.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, June 2nd. The Goldman Sachs Group decreased their price target on Dollar General from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, June 3rd. Loop Capital lifted their price target on Dollar General from $110.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, June 3rd. Freedom Capital downgraded Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $145.00 price target on shares of Dollar General in a research note 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $131.27.

Dollar General Stock Performance

Shares of DG stock opened at $106.80 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 1.17 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average of $113.61 and a two-hundred day moving average of $128.76. Dollar General Corporation has a 52 week low of $95.11 and a 52 week high of $158.23. The company has a market cap of $23.56 billion, a P/E ratio of 15.11, a PEG ratio of 1.59 and a beta of 0.26.

Dollar General (NYSE:DG) last issued its earnings results on Tuesday, June 2nd. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The company had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the previous year, the firm posted $1.78 earnings per share. Dollar General’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. As a group, analysts anticipate that Dollar General Corporation will post 7.33 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, July 7th. Dollar General’s payout ratio is presently 33.38%.

Dollar General Company 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.