NewEdge Advisors LLC Acquires 7,702 Shares of Dollar General Corporation $DG

NewEdge Advisors LLC increased its holdings in shares of Dollar General Corporation (NYSE:DG) by 12.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 70,427 shares of the company’s stock after purchasing an additional 7,702 shares during the quarter. NewEdge Advisors LLC’s holdings in Dollar General were worth $8,362,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DG. Fideuram Asset Management Ireland dac bought a new stake in shares of Dollar General in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd boosted its stake in Dollar General by 4,550.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company’s stock worth $25,000 after acquiring an additional 182 shares during the last quarter. Evergreen Advisors LLC acquired a new position in Dollar General during the first quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Dollar General by 69.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock valued at $26,000 after purchasing an additional 79 shares during the period. Finally, Reflection Asset Management bought a new stake in Dollar General in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Raymond James Financial reissued an “outperform” rating and set a $145.00 price target on shares of Dollar General in a research report on Wednesday, June 3rd. HSBC dropped their price target on Dollar General from $141.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, June 3rd. Freedom Capital cut Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Rothschild & Co Redburn decreased their price objective on Dollar General from $111.00 to $90.00 and set a “sell” rating for the company in a research report on Monday, May 18th. Finally, The Goldman Sachs Group cut their price target on shares of Dollar General from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 3rd. Ten investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $131.27.

Dollar General Price Performance

NYSE:DG opened at $127.72 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52. Dollar General Corporation has a 1-year low of $95.11 and a 1-year high of $158.23. The firm has a fifty day simple moving average of $115.27 and a 200 day simple moving average of $126.48. The stock has a market capitalization of $28.17 billion, a PE ratio of 18.06, a P/E/G ratio of 1.96 and a beta of 0.25.

Dollar General (NYSE:DG) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.89 by $0.11. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. The firm had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the previous 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 expect that Dollar General Corporation will post 7.38 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, July 7th. Dollar General’s payout ratio is presently 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.