585,851 Shares in Dollar General Corporation $DG Acquired by Employees Provident Fund Board

Employees Provident Fund Board purchased a new stake in Dollar General Corporation (NYSE:DG) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 585,851 shares of the company’s stock, valued at approximately $77,783,000.

A number of other hedge funds also recently modified their holdings of DG. Life Cycle Investment Partners Ltd bought a new position in shares of Dollar General during the fourth quarter worth about $363,299,000. AQR Capital Management LLC grew its position in Dollar General by 416.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock valued at $259,759,000 after purchasing an additional 2,036,573 shares during the period. Bessemer Group Inc. increased its position in shares of 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 acquiring an additional 1,687,533 shares in the last quarter. Morgan Stanley boosted its position in shares of Dollar General by 35.0% during the fourth 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. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Dollar General by 426.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,699,871 shares of the company’s stock worth $225,692,000 after buying an additional 1,377,226 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analysts Set New Price Targets

DG has been the subject of a number of research reports. Loop Capital increased their target price on shares of Dollar General from $110.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday, June 3rd. Rothschild & Co Redburn decreased their price target on shares of Dollar General from $111.00 to $90.00 and set a “sell” rating on the stock in a report on Monday, May 18th. HSBC cut their price target on shares of Dollar General from $141.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, June 3rd. Telsey Advisory Group dropped their target price on Dollar General from $140.00 to $125.00 and set a “market perform” rating for the company in a research report on Wednesday, June 3rd. Finally, Morgan Stanley reduced their price target 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. Ten equities research 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, the company presently has an average rating of “Hold” and an average price target of $131.27.

Dollar General Trading Down 0.0%

Shares of NYSE DG opened at $113.41 on Friday. The firm has a 50-day moving average of $112.32 and a 200 day moving average of $129.11. The stock has a market cap of $25.02 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 1.72 and a beta of 0.26. Dollar General Corporation has a 1 year low of $95.11 and a 1 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.

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

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be paid a dividend of $0.59 per share. 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 33.38%.

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.