CIBC Asset Management Inc Boosts Stake in Dollar General Corporation $DG

CIBC Asset Management Inc lifted its holdings in Dollar General Corporation (NYSE:DG) by 69.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 51,791 shares of the company’s stock after purchasing an additional 21,306 shares during the quarter. CIBC Asset Management Inc’s holdings in Dollar General were worth $6,876,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Dollar General by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock worth $2,314,000 after purchasing an additional 1,185 shares in the last quarter. NewEdge Advisors LLC boosted its position in Dollar General by 12.3% during the first quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock worth $919,000 after purchasing an additional 1,148 shares in the last quarter. Woodline Partners LP boosted its position in Dollar General by 40.7% during the first quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock worth $1,634,000 after purchasing an additional 5,373 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Dollar General during the second quarter worth $211,000. Finally, Jump Financial LLC purchased a new stake in Dollar General during the second quarter worth $209,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Performance

Shares of NYSE:DG opened at $103.57 on Friday. The firm has a market capitalization of $22.85 billion, a PE ratio of 14.65, a P/E/G ratio of 1.64 and a beta of 0.26. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.22. The business has a 50-day moving average of $113.86 and a two-hundred day moving average of $128.56. Dollar General Corporation has a 12 month low of $95.11 and a 12 month high of $158.23.

Dollar General (NYSE:DG) last posted its earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The business had revenue of $10.79 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. As a group, research analysts forecast that Dollar General Corporation will post 7.33 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. Dollar General’s dividend payout ratio (DPR) is 33.38%.

Analyst Ratings Changes

A number of analysts have commented on the company. Evercore decreased their target price on Dollar General from $145.00 to $140.00 in a research report on Wednesday. BMO Capital Markets cut their price objective on Dollar General from $135.00 to $120.00 and set a “market perform” rating for the company in a research report on Wednesday. Loop Capital raised their price target on Dollar General from $110.00 to $115.00 and gave the stock a “hold” rating in a research report on Wednesday. Raymond James Financial restated an “outperform” rating and issued a $145.00 price objective on shares of Dollar General in a research report on Wednesday. Finally, KeyCorp restated a “sector weight” rating on shares of Dollar General in a research report on Friday, March 13th. Ten research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $131.27.

Trending Headlines about Dollar General

Here are the key news stories impacting Dollar General this week:

• Positive Sentiment: KeyCorp raised its earnings estimates for Dollar General, nudging expected profitability higher across upcoming quarters and signaling confidence in the company’s longer-term earnings power. Dollar General analyst estimate updates
• Positive Sentiment: Several analyst roundups highlighted Dollar General as a stock that analysts remain bullish on within consumer goods, suggesting some support from Wall Street despite recent volatility. Analysts Are Bullish on These Consumer Goods Stocks: Dollar General (DG), Philip Morris (PM)
• Positive Sentiment: Another analyst roundup again included Dollar General among consumer staples names receiving favorable views, reinforcing that some investors still see value in the shares. Analysts Are Bullish on These Consumer Goods Stocks: McCormick & Company (MKC), Dollar General (DG)
• Neutral Sentiment: MarketWatch said Dollar General underperformed its peers, indicating the stock is lagging competitor performance even if there is no new company-specific shock. Dollar General stock underperforms Thursday when compared to competitors
• Neutral Sentiment: Commentary around recent retail earnings suggests DG may be benefiting from value-conscious shoppers, but investors are still weighing that against cautious guidance and a weak broader retail sentiment. Why Walmart and Other Consumer Stocks Aren’t Getting the Gains They Deserve
• Negative Sentiment: Recent coverage noted that Dollar General’s stock has been weaker since its latest earnings report and that its cautious outlook is still weighing on sentiment. Dollar General’s Q1 Beat Driven By Cost Control As CEO Exit Looms
• Negative Sentiment: Dollar General also faced a cut in price target from Daiwa and a downgrade from Freedom Capital, which adds to pressure on the stock and suggests some analysts see limited near-term upside. Daiwa Securities price target adjustment on Dollar General

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.