Dollar General Corporation $DG Shares Sold by Q3 Asset Management

Q3 Asset Management decreased its stake in Dollar General Corporation (NYSE:DG) by 22.4% during the 4th quarter, Holdings Channel reports. The firm owned 24,989 shares of the company’s stock after selling 7,210 shares during the quarter. Dollar General makes up approximately 0.8% of Q3 Asset Management’s investment portfolio, making the stock its 21st largest position. Q3 Asset Management’s holdings in Dollar General were worth $3,323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Dollar General by 0.3% in the third quarter. Vanguard Group Inc. now owns 26,896,503 shares of the company’s stock valued at $2,779,754,000 after purchasing an additional 78,854 shares during the period. State Street Corp grew its position in shares of Dollar General by 9.1% in the third quarter. State Street Corp now owns 10,963,378 shares of the company’s stock valued at $1,133,065,000 after purchasing an additional 913,373 shares during the period. Baillie Gifford & Co. grew its position in shares of Dollar General by 2.1% in the fourth quarter. Baillie Gifford & Co. now owns 3,316,155 shares of the company’s stock valued at $440,286,000 after purchasing an additional 68,723 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Dollar General by 3.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,811,797 shares of the company’s stock valued at $290,599,000 after purchasing an additional 96,825 shares during the period. Finally, Invesco Ltd. grew its position in shares of Dollar General by 7.4% in the third quarter. Invesco Ltd. now owns 2,725,276 shares of the company’s stock valued at $281,657,000 after purchasing an additional 188,949 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DG. Barclays restated an “overweight” rating on shares of Dollar General in a research report on Thursday, March 12th. Piper Sandler boosted their price target on shares of Dollar General from $132.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, March 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Thursday, January 8th. Wolfe Research restated an “outperform” rating and set a $165.00 price target on shares of Dollar General in a research report on Thursday, March 12th. Finally, Sanford C. Bernstein lowered their price target on shares of Dollar General from $150.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th. Thirteen equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average price target of $146.54.

Dollar General Stock Performance

NYSE:DG opened at $126.81 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.13 and a quick ratio of 0.22. The firm has a market capitalization of $27.93 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 2.05 and a beta of 0.34. The company’s 50-day moving average is $135.45 and its two-hundred day moving average is $126.66. Dollar General Corporation has a 1-year low of $86.25 and a 1-year high of $158.23.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, March 12th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.36. The company had revenue of $10.91 billion for the quarter, compared to analyst estimates of $10.78 billion. Dollar General had a net margin of 3.54% and a return on equity of 18.66%. Dollar General’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 EPS. Dollar General has set its FY 2026 guidance at 7.100-7.35 EPS. Analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, April 7th. Dollar General’s payout ratio is presently 34.45%.

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.