Burney Co. acquired a new position in Dollar General Corporation (NYSE:DG – Free Report) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 8,424 shares of the company’s stock, valued at approximately $1,000,000.
A number of other institutional investors and hedge funds have also bought and sold shares of DG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Dollar General by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock worth $2,314,000 after buying an additional 1,185 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Dollar General by 12.3% during the 1st quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock worth $919,000 after acquiring an additional 1,148 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Dollar General by 40.7% during the 1st quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock worth $1,634,000 after acquiring an additional 5,373 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Dollar General in the second quarter worth $211,000. Finally, Jump Financial LLC purchased a new position in Dollar General in the second quarter worth $209,000. 91.77% of the stock is owned by hedge funds and other institutional investors.
Dollar General Stock Performance
Shares of DG stock opened at $114.85 on Thursday. The company has a market capitalization of $25.34 billion, a P/E ratio of 16.25, a PEG ratio of 1.76 and a beta 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 company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17. The stock has a 50 day moving average price of $110.99 and a two-hundred day moving average price of $128.23.
Dollar General Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be given a $0.59 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.1%. Dollar General’s payout ratio is presently 33.38%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on DG. Wall Street Zen downgraded Dollar General from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Morgan Stanley reduced their price objective on Dollar General from $150.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd. BMO Capital Markets decreased their price objective on Dollar General from $135.00 to $120.00 and set a “market perform” rating on the stock in a report on Wednesday, June 3rd. Citigroup dropped their target price on Dollar General from $138.00 to $116.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. Finally, Gordon Haskett lowered Dollar General from a “buy” rating to a “hold” rating and cut their target price for the stock from $140.00 to $110.00 in a research note on Friday, May 22nd. Ten investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $131.27.
Read Our Latest Research Report on Dollar General
Dollar General News Summary
Here are the key news stories impacting Dollar General this week:
- Positive Sentiment: Dollar General is promoting a back-to-school campaign with low-cost classroom essentials, teacher discounts, and sweepstakes, which could support traffic and sales during an important seasonal buying period. Dollar General (DG) Launches Back To School Campaign For Families And Teachers
- Positive Sentiment: Several reports say the retailer’s back-to-school deals and $1 everyday items are drawing attention, reinforcing its value proposition for budget-conscious shoppers. Dollar General breaks out back-to-school deals
- Positive Sentiment: A valuation-focused article argues Dollar General still screens as undervalued on DCF and market multiples after a 43.5% decline over five years, suggesting potential upside if earnings remain stable. Is Dollar General (DG) Still Undervalued After A 43% Five Year Fall?
- Neutral Sentiment: Additional coverage notes the back-to-school push is putting Dollar General’s valuation back in focus, but the story is mainly about investor attention rather than a new fundamental catalyst. Dollar General (DG) Back To School Push Puts Its Valuation Back In Focus
- Neutral Sentiment: Company press coverage also highlighted convenient delivery options and seasonal value offerings, which support the retailer’s positioning but do not yet indicate a major earnings surprise. Dollar General’s Back-to-School Season Offers Big Value with $1 Every Day Items and Convenient Delivery Options
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.
Featured Articles
- Five stocks we like better than Dollar General
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
- The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
- Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns
Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corporation (NYSE:DG – Free Report).
Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.
