Dollar General Corporation $DG Stock Purchased by Equity Investment Corp

Equity Investment Corp raised its stake in Dollar General Corporation (NYSE:DG) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 886,764 shares of the company’s stock after acquiring an additional 4,508 shares during the period. Dollar General accounts for approximately 1.5% of Equity Investment Corp’s portfolio, making the stock its 24th largest position. Equity Investment Corp owned approximately 0.40% of Dollar General worth $106,039,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. AlphaCentric Advisors LLC increased its position in shares of Dollar General by 5.4% during the third quarter. AlphaCentric Advisors LLC now owns 1,790 shares of the company’s stock worth $214,000 after purchasing an additional 92 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Dollar General by 4.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,286 shares of the company’s stock valued at $273,000 after purchasing an additional 100 shares during the last quarter. Cidel Asset Management Inc. boosted its position in shares of Dollar General by 2.5% in the 3rd quarter. Cidel Asset Management Inc. now owns 4,429 shares of the company’s stock valued at $530,000 after purchasing an additional 106 shares during the period. Ballentine Partners LLC boosted its position in shares of Dollar General by 2.3% in the 2nd quarter. Ballentine Partners LLC now owns 5,470 shares of the company’s stock valued at $630,000 after purchasing an additional 122 shares during the period. Finally, Investment Research Partners LLC boosted its position in shares of Dollar General by 6.2% in the 3rd quarter. Investment Research Partners LLC now owns 2,377 shares of the company’s stock valued at $284,000 after purchasing an additional 138 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

More Dollar General News

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

• Positive Sentiment: Dollar General is accelerating remodels through Project Renovate and Project Elevate, which target comparable-sales lifts of 6% and 3%, respectively. If achieved, the initiatives could support future sales growth. How Much Growth Can Dollar General Unlock From Store Remodels?
• Neutral Sentiment: Director Timothy I. McGuire notified the company that he plans to resign from Dollar General’s board in December. The reports give no reason for his departure or indicate an impact on operations. Timothy McGuire to resign from Dollar General board in December
• Neutral Sentiment: Recent articles compare DG’s valuation with Ross Stores (ROST), but the provided coverage does not identify a new company-specific development or clear catalyst for DG shares. DG or ROST: Which Is the Better Value Stock Right Now?

Analysts Set New Price Targets

A number of research firms recently issued reports on DG. The Goldman Sachs Group raised their price target on Dollar General from $128.00 to $141.00 and gave the stock a “neutral” rating in a research note on Friday, August 28th. Weiss Ratings upgraded Dollar General from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Sanford C. Bernstein reissued an “outperform” rating and issued a $160.00 price objective on shares of Dollar General in a report on Friday, August 28th. Wolfe Research restated an “outperform” rating and set a $143.00 target price on shares of Dollar General in a research report on Thursday, August 13th. Finally, Piper Sandler raised their target price on shares of Dollar General from $118.00 to $123.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Thirteen analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $137.96.

Dollar General Trading Up 0.5%

NYSE DG opened at $137.42 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 1.21 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $30.32 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.82 and a beta of 0.19. Dollar General Corporation has a 52-week low of $99.50 and a 52-week high of $158.23. The firm has a 50-day moving average price of $128.04 and a 200 day moving average price of $125.69.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 27th. The company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.47. Dollar General had a return on equity of 18.93% and a net margin of 3.90%. The company had revenue of $11.29 billion for the quarter, compared to analyst estimates of $11.20 billion. During the same quarter in the previous year, the company earned $1.86 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. Equities research analysts expect that Dollar General Corporation will post 7.70 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, October 6th. Dollar General’s dividend payout ratio (DPR) is currently 30.69%.

Dollar General Profile

Dollar General Corporation is an American discount retailer that operates neighborhood stores offering everyday essentials at value-oriented prices. Its merchandise includes food and household supplies, cleaning products, health and beauty items, seasonal goods, apparel, and home products, with a mix of national brands and private-label products. The company traces its roots to J.L. Turner & Son, a family-owned business established in 1939. The first store operating under the Dollar General name opened in Springfield, Kentucky, in 1955.