Wealthfront Advisers LLC Boosts Position in Dollar General Corporation $DG

Wealthfront Advisers LLC boosted its holdings in Dollar General Corporation (NYSE:DG) by 53.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156,346 shares of the company’s stock after purchasing an additional 54,156 shares during the quarter. Wealthfront Advisers LLC’s holdings in Dollar General were worth $18,563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Calamos Advisors LLC lifted its holdings in shares of Dollar General by 32.9% in the 4th quarter. Calamos Advisors LLC now owns 245,473 shares of the company’s stock valued at $32,591,000 after purchasing an additional 60,746 shares during the last quarter. Park Capital Management LLC WI acquired a new position in Dollar General during the fourth quarter worth approximately $1,245,000. Geode Capital Management LLC increased its position in Dollar General by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock worth $754,857,000 after buying an additional 42,936 shares during the period. Norges Bank purchased a new stake in Dollar General in the fourth quarter valued at approximately $133,431,000. Finally, Pinebridge Investments LLC acquired a new stake in shares of Dollar General in the fourth quarter valued at approximately $11,864,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of NYSE DG opened at $127.05 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25. The stock has a fifty day moving average price of $111.61 and a 200 day moving average price of $127.59. Dollar General Corporation has a 1-year low of $95.11 and a 1-year high of $158.23. The company has a market cap of $28.03 billion, a PE ratio of 17.97, a P/E/G ratio of 1.84 and a beta of 0.25.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The firm had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. Dollar General’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $1.78 EPS. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Sell-side analysts forecast that Dollar General Corporation will post 7.38 EPS for the current year.

Dollar General Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on DG shares. Morgan Stanley cut their target price on shares of Dollar General from $150.00 to $132.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Rothschild & Co Redburn decreased their price target on shares of Dollar General from $111.00 to $90.00 and set a “sell” rating for the company in a research note on Monday, May 18th. UBS Group reissued a “buy” rating on shares of Dollar General in a research report on Wednesday, May 27th. Telsey Advisory Group dropped their price objective on shares of Dollar General from $140.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, June 3rd. Finally, Piper Sandler reduced their target price on shares of Dollar General from $133.00 to $118.00 and set a “neutral” rating for the company in a report on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus target price of $131.27.

Dollar General 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.