Dollar General (NYSE:DG) Shares Up 4.3% – Here’s Why

Dollar General Corporation (NYSE:DG)’s share price rose 4.3% on Wednesday. The company traded as high as $129.40 and last traded at $130.3280. Approximately 930,379 shares were traded during trading, a decline of 69% from the average session volume of 3,000,898 shares. The stock had previously closed at $125.00.

Analyst Upgrades and Downgrades

DG has been the topic of a number of recent research reports. Wolfe Research reaffirmed an “outperform” rating and issued a $143.00 target price on shares of Dollar General in a report on Thursday, August 13th. Morgan Stanley boosted their price target on Dollar General from $132.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, August 28th. Wall Street Zen upgraded Dollar General from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dollar General in a research report on Friday, August 28th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $160.00 price objective on shares of Dollar General in a research note on Friday, August 28th. Twelve research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $137.96.

Dollar General Stock Up 4.0%

The company has a current ratio of 1.21, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. The company has a 50 day simple moving average of $124.21 and a two-hundred day simple moving average of $118.88. The firm has a market capitalization of $28.69 billion, a P/E ratio of 16.93, a P/E/G ratio of 1.73 and a beta of 0.23.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 27th. The company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.47. The company had revenue of $11.29 billion during the quarter, compared to analysts’ expectations of $11.20 billion. Dollar General had a net margin of 3.90% and a return on equity of 18.93%. Dollar General’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted $1.86 earnings per share. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. On average, equities analysts predict that Dollar General Corporation will post 7.69 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.8%. Dollar General’s dividend payout ratio (DPR) is 30.69%.

Institutional Investors Weigh In On Dollar General

Large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd lifted its position in shares of Dollar General by 4,550.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company’s stock valued at $25,000 after buying an additional 182 shares during the last quarter. Evergreen Advisors LLC bought a new stake in shares of Dollar General in the 1st quarter valued at about $25,000. Reflection Asset Management purchased a new position in shares of Dollar General in the 4th quarter worth approximately $28,000. Rosenberg Matthew Hamilton grew its position in shares of Dollar General by 788.1% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 373 shares of the company’s stock worth $43,000 after buying an additional 331 shares during the last quarter. Finally, Community Bank N.A. grew its position in shares of Dollar General by 216.4% in the 2nd quarter. Community Bank N.A. now owns 443 shares of the company’s stock worth $51,000 after buying an additional 303 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Company Profile

Dollar General Corporation (NYSE: DG) operates a chain of discount retail stores focused on providing everyday goods at affordable prices. Its merchandise includes consumable products such as food, beverages, cleaning supplies, paper products, and personal-care items, along with seasonal goods, home products, basic apparel, and select health and beauty products. Many stores also offer tobacco products, prepaid wireless services, and other convenience-oriented items.

The company primarily serves rural and suburban communities in the United States through a network of small-format stores located across most U.S.