Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Dollar General Corporation (NYSE:DG – Free Report) by 4.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 447,980 shares of the company’s stock after selling 20,417 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Dollar General were worth $53,569,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Evergreen Advisors LLC acquired a new stake in Dollar General in the first quarter valued at approximately $25,000. Reyes Financial Architecture Inc. acquired a new position in Dollar General in the 3rd quarter valued at about $30,000. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Dollar General in the 3rd quarter valued at $32,000. Nvwm LLC increased its holdings in Dollar General by 2,780.0% in the 3rd quarter. Nvwm LLC now owns 288 shares of the company’s stock valued at $34,000 after purchasing an additional 278 shares during the last quarter. Finally, Rosenberg Matthew Hamilton grew its stake in shares of Dollar General by 788.1% in the second quarter. Rosenberg Matthew Hamilton now owns 373 shares of the company’s stock valued at $43,000 after buying an additional 331 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.
Dollar General Price Performance
Dollar General stock opened at $141.83 on Thursday. Dollar General Corporation has a 12 month low of $95.11 and a 12 month high of $158.23. The stock has a market capitalization of $31.29 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.74 and a beta of 0.19. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.21 and a quick ratio of 0.31. The business has a 50 day simple moving average of $127.09 and a 200-day simple moving average of $125.90.
Dollar General Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 6th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.7%. Dollar General’s dividend payout ratio (DPR) is 30.69%.
Analysts Set New Price Targets
DG has been the topic of several recent research reports. Telsey Advisory Group upped their target price on shares of Dollar General from $125.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, August 28th. Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Tuesday, October 6th. Weiss Ratings upgraded shares of Dollar General from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, September 10th. Wolfe Research reaffirmed an “outperform” rating and set a $143.00 price objective on shares of Dollar General in a research report on Thursday, August 13th. Finally, Guggenheim reaffirmed a “buy” rating and set a $140.00 price objective on shares of Dollar General in a research report on Monday, August 31st. Twelve equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $137.96.
View Our Latest Analysis on DG
Trending Headlines about Dollar General
Here are the key news stories impacting Dollar General this week:
- Positive Sentiment: Dollar General’s “Value Valley” promotion, including $1 deals and expanded displays, is reported to be resonating with budget-conscious shoppers alongside strong comparable-sales growth. That supports the case for continued customer traffic. Dollar General’s Value Valley Gains Momentum: More Upside Ahead?
- Positive Sentiment: Coverage also highlights the DGTP store format, planned remodels, store expansion and digital growth as potential longer-term sales and productivity drivers. Some analysis notes DG trades at a discount to industry peers, while lingering cost pressures remain. Is Dollar General’s New DGTP Store Format a Growth Catalyst? Is Dollar General Stock a Buy at Its Current Valuation?
- Neutral Sentiment: Management says higher-income households are showing spending patterns similar to more budget-constrained consumers. This could broaden demand for value retailers, but also reflects pressure on household finances. People Making Over $100,000 Per Year are Acting Like They are Living Paycheck to Paycheck
- Negative Sentiment: The FTC and 20 states are suing Dollar General over allegations that shoppers were repeatedly charged more at checkout than advertised. The claims raise potential legal costs and reputational concerns; a separate law-firm announcement of a fraud investigation adds to the headline risk. Dollar General hit with FTC lawsuit over allegedly overcharging shoppers millions DG Investors Have Opportunity to Join Dollar General Corporation Fraud Investigation with SBS Law
Dollar General Profile
Dollar General Corporation (NYSE: DG) is a discount retailer that operates stores offering everyday essentials at value-oriented prices. Its merchandise typically includes consumable products such as food, beverages, cleaning supplies, paper products, and personal-care items, along with seasonal goods, basic apparel, home products, and select health and beauty items.
The company primarily serves communities across the United States through a large network of neighborhood-focused stores, including locations in rural and suburban markets.
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