Dollar General (NYSE:DG) Stock Price Up 5.2% – Here’s What Happened

Dollar General Corporation (NYSE:DG)’s stock price traded up 5.2% on Monday . The company traded as high as $124.99 and last traded at $125.1410. 417,162 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 3,323,203 shares. The stock had previously closed at $118.92.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DG shares. Citigroup dropped their price objective on Dollar General from $138.00 to $116.00 and set a “neutral” rating for the company in a research note on Wednesday, June 3rd. Gordon Haskett lowered shares of Dollar General from a “buy” rating to a “hold” rating and lowered their target price for the stock from $140.00 to $110.00 in a report on Friday, May 22nd. Telsey Advisory Group dropped their target price on shares of 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. Weiss Ratings reissued a “hold (c)” rating on shares of Dollar General in a report on Wednesday. Finally, Evercore reduced their price target on shares of Dollar General from $145.00 to $140.00 in a research report on Wednesday, June 3rd. Ten research 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. Based on data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and an average target price of $131.27.

Dollar General Stock Up 4.5%

The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17. The stock has a market cap of $27.41 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.81 and a beta of 0.25. The firm’s 50-day simple moving average is $111.09 and its two-hundred day simple moving average is $127.94.

Dollar General (NYSE:DG) last announced its earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. The company had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the previous year, the firm posted $1.78 earnings per share. The company’s 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, sell-side analysts expect that Dollar General Corporation will post 7.38 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, July 7th. Dollar General’s dividend payout ratio (DPR) is presently 33.38%.

Institutional Investors Weigh In On Dollar General

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Calamos Advisors LLC lifted its holdings in Dollar General by 32.9% in the fourth quarter. Calamos Advisors LLC now owns 245,473 shares of the company’s stock valued at $32,591,000 after buying an additional 60,746 shares during the period. Park Capital Management LLC WI acquired a new stake in Dollar General during the 4th quarter worth $1,245,000. Norges Bank acquired a new stake in Dollar General during the 4th quarter worth $133,431,000. Geode Capital Management LLC raised its position in shares of Dollar General by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock valued at $754,857,000 after acquiring an additional 42,936 shares during the last quarter. Finally, Dana Investment Advisors Inc. raised its position in shares of Dollar General by 36.0% during the 4th quarter. Dana Investment Advisors Inc. now owns 39,170 shares of the company’s stock valued at $5,201,000 after acquiring an additional 10,370 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

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.