Saudi Central Bank Acquires 7,291 Shares of Dollar General Corporation $DG

Saudi Central Bank increased its holdings in shares of Dollar General Corporation (NYSE:DG) by 89.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,416 shares of the company’s stock after purchasing an additional 7,291 shares during the quarter. Saudi Central Bank’s holdings in Dollar General were worth $1,775,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Fideuram Asset Management Ireland dac bought a new stake in shares of Dollar General during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its holdings 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 purchasing an additional 182 shares in the last quarter. Evergreen Advisors LLC acquired a new stake in shares of Dollar General in the 1st quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Dollar General by 69.3% in 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 in the last quarter. Finally, Reflection Asset Management acquired a new position in shares of Dollar General during the fourth quarter worth about $28,000. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on DG shares. Jefferies Financial Group cut their target price on Dollar General from $155.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. Oppenheimer restated an “outperform” rating and set a $150.00 price objective on shares of Dollar General in a research note on Tuesday, August 25th. Rothschild & Co Redburn dropped their target price on Dollar General from $111.00 to $90.00 and set a “sell” rating on the stock in a report on Monday, May 18th. Barclays boosted their price target on Dollar General from $148.00 to $151.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Daiwa Securities Group cut their price objective on Dollar General from $136.00 to $111.00 and set a “neutral” rating for the company in a report on Thursday, June 4th. Ten research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $135.46.

Dollar General Trading Down 4.2%

Shares of DG stock opened at $127.63 on Wednesday. Dollar General Corporation has a 12-month low of $95.11 and a 12-month high of $158.23. The company has a market capitalization of $28.16 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 1.82 and a beta of 0.23. The firm has a 50 day moving average price of $123.38 and a two-hundred day moving average price of $122.03. The company has a quick ratio of 0.31, a current ratio of 1.21 and a debt-to-equity ratio of 0.49.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 27th. The company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.01 by $0.47. The company had revenue of $11.29 billion for the quarter, compared to the consensus estimate of $11.20 billion. Dollar General had a return on equity of 18.93% and a net margin of 3.90%.The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.86 earnings per share. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. As a group, analysts predict that Dollar General Corporation will post 7.68 earnings per share for the current year.

Dollar General Dividend Announcement

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

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.