Westpac Banking Corp Has $4.96 Million Stake in Dollar General Corporation $DG

Westpac Banking Corp increased its position in shares of Dollar General Corporation (NYSE:DG) by 337.6% during the first quarter, HoldingsChannel reports. The fund owned 41,788 shares of the company’s stock after buying an additional 32,238 shares during the quarter. Westpac Banking Corp’s holdings in Dollar General were worth $4,961,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Dollar General by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company’s stock worth $3,625,822,000 after purchasing an additional 412,542 shares during the last quarter. State Street Corp increased its stake in shares of Dollar General by 0.5% in the fourth quarter. State Street Corp now owns 11,017,002 shares of the company’s stock valued at $1,462,727,000 after buying an additional 53,624 shares during the period. Morgan Stanley raised its holdings in Dollar General by 35.0% in the 4th quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock valued at $832,513,000 after buying an additional 1,624,748 shares during the last quarter. Geode Capital Management LLC raised its holdings in Dollar General by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock valued at $754,857,000 after buying an additional 42,936 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Dollar General by 47.9% in the 4th quarter. AQR Capital Management LLC now owns 3,734,500 shares of the company’s stock valued at $495,830,000 after purchasing an additional 1,208,892 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Loop Capital raised their target price on Dollar General from $110.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, June 3rd. UBS Group reissued a “buy” rating on shares of Dollar General in a research note on Wednesday, May 27th. Truist Financial increased their price target on Dollar General from $109.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, June 2nd. Piper Sandler reduced their price objective on shares of Dollar General from $133.00 to $118.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Dollar General from $110.00 to $114.00 and gave the company a “hold” rating in a research note on Thursday, June 4th. Ten investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average target price of $131.27.

Dollar General Stock Performance

Shares of Dollar General stock opened at $123.28 on Wednesday. The business has a 50-day simple moving average of $112.67 and a 200 day simple moving average of $127.36. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25. The firm has a market capitalization of $27.19 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 1.90 and a beta of 0.25.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the prior year, the company earned $1.78 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. On average, research analysts anticipate that Dollar General Corporation will post 7.38 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, July 7th. Dollar General’s dividend payout ratio (DPR) is currently 33.38%.

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.