Harvest Investment Advisors LLC Makes New Investment in Dollar General Corporation $DG

Harvest Investment Advisors LLC bought a new position in shares of Dollar General Corporation (NYSE:DG) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,650 shares of the company’s stock, valued at approximately $2,078,000. Dollar General accounts for 1.2% of Harvest Investment Advisors LLC’s investment portfolio, making the stock its 28th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DG. Life Cycle Investment Partners Ltd bought a new position in Dollar General during the fourth quarter worth about $363,299,000. AQR Capital Management LLC boosted its position in Dollar General by 416.4% during the third quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock worth $259,759,000 after purchasing an additional 2,036,573 shares during the period. Bessemer Group Inc. boosted its position in Dollar General by 24,882.5% during the fourth quarter. Bessemer Group Inc. now owns 1,694,315 shares of the company’s stock worth $224,953,000 after purchasing an additional 1,687,533 shares during the period. Morgan Stanley boosted its position in Dollar General by 35.0% during the fourth quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock worth $832,513,000 after purchasing an additional 1,624,748 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in Dollar General by 426.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,699,871 shares of the company’s stock worth $225,692,000 after purchasing an additional 1,377,226 shares during the period. Institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Jefferies Financial Group cut their price objective on shares of Dollar General from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Dollar General from $110.00 to $114.00 and gave the company a “hold” rating in a research report on Thursday, June 4th. Truist Financial raised their price objective on shares of Dollar General from $109.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, June 2nd. Wolfe Research restated an “outperform” rating and issued a $165.00 price objective on shares of Dollar General in a research report on Thursday, March 12th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $149.00 price objective on shares of Dollar General in a research report on Wednesday, June 3rd. Ten equities research 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 presently has a consensus rating of “Hold” and a consensus price target of $131.27.

Dollar General Trading Down 2.1%

Shares of Dollar General stock opened at $114.00 on Wednesday. Dollar General Corporation has a 1 year low of $95.11 and a 1 year high of $158.23. The firm has a market cap of $25.15 billion, a PE ratio of 16.12, a PEG ratio of 1.77 and a beta of 0.26. 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 company has a 50 day simple moving average of $112.99 and a two-hundred day simple moving average of $129.20.

Dollar General (NYSE:DG) last announced its earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.11. The business had revenue of $10.79 billion during the quarter, compared to analyst estimates of $10.81 billion. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. Dollar General’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 earnings per share. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Analysts expect that Dollar General Corporation will post 7.38 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be 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 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.