Oppenheimer Asset Management Inc. Takes $33.65 Million Position in Dollar General Corporation $DG

Oppenheimer Asset Management Inc. purchased a new position in shares of Dollar General Corporation (NYSE:DG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 292,319 shares of the company’s stock, valued at approximately $33,649,000. Oppenheimer Asset Management Inc. owned 0.13% of Dollar General at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fideuram Asset Management Ireland dac acquired a new position in Dollar General in the fourth quarter valued at about $25,000. Caitong International Asset Management Co. Ltd increased its position in shares of Dollar General by 4,550.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company’s stock valued at $25,000 after acquiring an additional 182 shares during the last quarter. Evergreen Advisors LLC purchased a new stake in shares of Dollar General in the 1st quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Dollar General by 69.3% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock valued at $26,000 after acquiring an additional 79 shares during the period. Finally, Reflection Asset Management acquired a new position in shares of Dollar General in the 4th quarter worth approximately $28,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on DG shares. Oppenheimer dropped their target price on shares of Dollar General from $170.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Weiss Ratings restated a “hold (c)” rating on shares of Dollar General in a research note on Wednesday, July 8th. Jefferies Financial Group lowered their price target on Dollar General from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Barclays dropped their price objective on Dollar General from $151.00 to $148.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Finally, BMO Capital Markets cut their price objective on Dollar General from $135.00 to $120.00 and set a “market perform” rating on the stock 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $130.42.

Dollar General Trading Up 1.0%

Shares of DG stock opened at $123.30 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17. The stock has a market capitalization of $27.20 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 1.86 and a beta of 0.23. The company has a 50 day moving average price of $119.31 and a 200 day moving average price of $124.80. Dollar General Corporation has a fifty-two week low of $95.11 and a fifty-two week high of $158.23.

Dollar General (NYSE:DG) last announced its earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.11. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. The firm had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the prior year, the firm earned $1.78 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Equities research analysts predict that Dollar General Corporation will post 7.38 EPS for the current fiscal year.

Dollar General Dividend Announcement

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

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.