Jefferies Financial Group Inc. lowered its position in shares of Dollar General Corporation (NYSE:DG – Free Report) by 81.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,922 shares of the company’s stock after selling 29,515 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Dollar General were worth $919,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Eastern Bank acquired a new stake in Dollar General during the fourth quarter worth approximately $35,000. Flagship Harbor Advisors LLC acquired a new stake in Dollar General during the fourth quarter worth approximately $36,000. First Horizon Corp grew its position in Dollar General by 74.4% during the fourth quarter. First Horizon Corp now owns 340 shares of the company’s stock worth $45,000 after buying an additional 145 shares in the last quarter. Rialto Wealth Management LLC grew its position in Dollar General by 427.3% during the fourth quarter. Rialto Wealth Management LLC now owns 348 shares of the company’s stock worth $46,000 after buying an additional 282 shares in the last quarter. Finally, Activest Wealth Management grew its position in Dollar General by 540.0% during the fourth quarter. Activest Wealth Management now owns 352 shares of the company’s stock worth $47,000 after buying an additional 297 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.
Dollar General Trading Up 0.6%
Shares of DG stock opened at $110.52 on Friday. The stock’s fifty day moving average price is $115.48 and its two-hundred day moving average price is $128.48. The company has a market cap of $24.34 billion, a PE ratio of 16.13, a P/E/G ratio of 1.78 and a beta of 0.28. Dollar General Corporation has a fifty-two week low of $95.11 and a fifty-two week high of $158.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.22 and a current ratio of 1.13.
Dollar General Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, April 7th. Dollar General’s dividend payout ratio (DPR) is currently 34.45%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on DG shares. BNP Paribas Exane reissued a “neutral” rating and set a $127.00 price target on shares of Dollar General in a research report on Thursday, March 12th. Truist Financial reduced their price target on Dollar General from $139.00 to $109.00 and set a “hold” rating on the stock in a research report on Wednesday. Guggenheim reduced their price target on Dollar General from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Gordon Haskett downgraded Dollar General from a “buy” rating to a “hold” rating and reduced their price target for the stock from $140.00 to $110.00 in a research report on Friday, May 22nd. Finally, Wolfe Research reissued an “outperform” rating and set a $165.00 price target on shares of Dollar General in a research report on Thursday, March 12th. Twelve investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $139.19.
View Our Latest Analysis on DG
Key Headlines Impacting Dollar General
Here are the key news stories impacting Dollar General this week:
- Positive Sentiment: Dollar General rose alongside Dollar Tree after DLTR beat first-quarter expectations and lifted its profit forecast, boosting sentiment across discount retailers and suggesting resilient demand from lower-income consumers.
- Positive Sentiment: Oppenheimer kept an outperform rating on Dollar General while lowering its price target to $150 from $170, citing potential upside despite cost pressures and cautious consumer spending; the new target still implies meaningful upside from current levels.
- Neutral Sentiment: Analysts at Rothschild & Co Redburn made several mixed EPS estimate changes for future years, including some upward revisions, but the firm maintained a Sell rating and a $90 target, making the revisions less relevant to near-term trading.
- Neutral Sentiment: Investors are also watching Dollar General’s upcoming Q1 results and guidance, with Oppenheimer suggesting the company could guide conservatively because of cost headwinds and pressure on consumers.
- Negative Sentiment: Broader concerns remain around labor practices, workplace safety, and a shareholder vote on a human rights policy, which could add reputational and governance pressure on the stock over time.
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.
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