Pinnacle Associates Ltd. Buys 32,424 Shares of Dollar General Corporation $DG

Pinnacle Associates Ltd. boosted its position in Dollar General Corporation (NYSE:DG) by 583.3% during the third quarter, Holdings Channel reports. The fund owned 37,983 shares of the company’s stock after acquiring an additional 32,424 shares during the period. Pinnacle Associates Ltd.’s holdings in Dollar General were worth $4,542,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DG. Caitong International Asset Management Co. Ltd lifted its stake in 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 worth $25,000 after purchasing an additional 182 shares during the last quarter. Evergreen Advisors LLC purchased a new position in shares of Dollar General in the 1st quarter worth about $25,000. Pension & Wealth Management Advisors Inc. purchased a new position in shares of Dollar General in the 3rd quarter worth about $32,000. Nvwm LLC increased its position in shares of Dollar General by 2,780.0% during the 3rd quarter. Nvwm LLC now owns 288 shares of the company’s stock valued at $34,000 after purchasing an additional 278 shares during the last quarter. Finally, Rosenberg Matthew Hamilton increased its position in shares of Dollar General by 788.1% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 373 shares of the company’s stock valued at $43,000 after purchasing an additional 331 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

NYSE DG opened at $138.88 on Friday. The company has a 50-day simple moving average of $125.64 and a two-hundred day simple moving average of $119.63. The company has a quick ratio of 0.31, a current ratio of 1.21 and a debt-to-equity ratio of 0.49. Dollar General Corporation has a 12-month low of $95.11 and a 12-month high of $158.23. The firm has a market cap of $30.64 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.80 and a beta of 0.23.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 27th. The company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.47. The firm had revenue of $11.29 billion for the quarter, compared to analysts’ expectations of $11.20 billion. Dollar General had a return on equity of 18.93% and a net margin of 3.90%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $1.86 earnings per share. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. On average, equities analysts forecast that Dollar General Corporation will post 7.69 EPS for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, October 6th. This represents a $2.36 annualized dividend and a yield of 1.7%. Dollar General’s dividend payout ratio is currently 30.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wall Street Zen raised Dollar General from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Sanford C. Bernstein restated an “outperform” rating and issued a $160.00 target price on shares of Dollar General in a research report on Friday, August 28th. Barclays upped their target price on Dollar General from $148.00 to $151.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 8th. Weiss Ratings upgraded shares of Dollar General from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 10th. Finally, Morgan Stanley lifted their price target on shares of Dollar General from $132.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Friday, August 28th. Twelve research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $137.96.

About Dollar General

Dollar General Corporation (NYSE: DG) is a discount retailer that operates stores offering everyday essentials at value-oriented prices. Its merchandise typically includes consumable products such as food, beverages, cleaning supplies, paper products, and personal-care items, along with seasonal goods, basic apparel, home products, and select health and beauty items.

The company primarily serves communities across the United States through a large network of neighborhood-focused stores, including locations in rural and suburban markets.