M&T Bank Corp Purchases 17,932 Shares of Dollar General Corporation $DG

M&T Bank Corp boosted its position in Dollar General Corporation (NYSE:DG) by 88.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,255 shares of the company’s stock after purchasing an additional 17,932 shares during the period. M&T Bank Corp’s holdings in Dollar General were worth $5,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in shares of Dollar General during the 3rd quarter worth $26,000. Peoples Financial Services CORP. bought a new stake in Dollar General in the 3rd quarter valued at about $35,000. Eastern Bank bought a new stake in Dollar General in the 4th quarter valued at about $35,000. Flagship Harbor Advisors LLC purchased a new stake in Dollar General during the fourth quarter valued at about $36,000. Finally, Byrne Asset Management LLC lifted its holdings in Dollar General by 952.6% during the third quarter. Byrne Asset Management LLC now owns 400 shares of the company’s stock valued at $41,000 after purchasing an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DG. Piper Sandler lifted their target price on shares of Dollar General from $132.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, March 13th. Rothschild & Co Redburn raised shares of Dollar General to a “strong sell” rating in a report on Wednesday, February 25th. BNP Paribas Exane reiterated a “neutral” rating and issued a $127.00 price objective on shares of Dollar General in a research note on Thursday, March 12th. Sanford C. Bernstein lowered their target price on shares of Dollar General from $150.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. Finally, Gordon Haskett increased their target price on Dollar General from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Thirteen research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $146.54.

Dollar General Price Performance

DG stock opened at $120.63 on Monday. The firm has a 50 day moving average of $132.92 and a 200-day moving average of $127.52. The company has a current ratio of 1.13, a quick ratio of 0.22 and a debt-to-equity ratio of 0.54. Dollar General Corporation has a 12 month low of $86.25 and a 12 month high of $158.23. The firm has a market capitalization of $26.57 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 1.95 and a beta of 0.34.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, March 12th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.36. Dollar General had a net margin of 3.54% and a return on equity of 18.66%. The business had revenue of $10.91 billion for the quarter, compared to analyst estimates of $10.78 billion. During the same quarter in the prior year, the firm posted $0.87 EPS. Dollar General’s revenue was up 5.9% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.100-7.35 EPS. As a group, sell-side analysts predict that Dollar General Corporation will post 7.29 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 7th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.0%. Dollar General’s dividend payout ratio is presently 34.45%.

Dollar General Company Profile

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.