Allstate Corp grew its position in shares of Dollar General Corporation (NYSE:DG – Free Report) by 111.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,834 shares of the company’s stock after purchasing an additional 8,863 shares during the period. Allstate Corp’s holdings in Dollar General were worth $2,235,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in DG. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Dollar General by 69.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock worth $26,000 after purchasing an additional 79 shares in the last quarter. Root Financial Partners LLC purchased a new position in shares of Dollar General during the third quarter worth about $26,000. Eastern Bank purchased a new position in shares of Dollar General during the fourth quarter worth about $35,000. Flagship Harbor Advisors LLC purchased a new position in Dollar General in the fourth quarter worth $36,000. Finally, First Horizon Corp grew its position in Dollar General by 74.4% in the fourth quarter. First Horizon Corp now owns 340 shares of the company’s stock worth $45,000 after acquiring an additional 145 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.
Dollar General Price Performance
Shares of DG stock opened at $109.73 on Friday. The business’s fifty day moving average is $115.80 and its 200 day moving average is $128.60. The company has a quick ratio of 0.22, a current ratio of 1.13 and a debt-to-equity ratio of 0.54. The stock has a market cap of $24.17 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.69 and a beta of 0.28. Dollar General Corporation has a twelve month low of $95.11 and a twelve month high of $158.23.
Dollar General Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 7th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, April 7th. Dollar General’s dividend payout ratio (DPR) is presently 34.45%.
Key Headlines Impacting Dollar General
Here are the key news stories impacting Dollar General this week:
- Positive Sentiment: Discount-store stocks are seeing renewed buying interest after Dollar Tree’s strong Q1 beat and raised outlook, which lifted sentiment across the low-price retail group and helped support DG. Dollar Tree Soars 17%, Dollar General Jumps 5%: Here’s Why Discount Store Stocks Are Catching a Bid
- Positive Sentiment: UBS said Dollar General is expected to meet the market’s bar for about 2% comparable sales growth in Q1, reinforcing expectations that the company is on track heading into earnings. Dollar General Poised to Meet Market’s Bar for Comparable Sales Growth in Q1, UBS Says
- Neutral Sentiment: Rothschild & Co Redburn raised some longer-term EPS estimates for DG, but kept a Sell rating and $90 price target, which offsets the positive earnings revisions.
- Neutral Sentiment: Truist cut its price target on DG to $109 from $139 and maintained a Hold rating, signaling more cautious valuation views from analysts.
- Negative Sentiment: Dollar General’s shareholder vote on a human rights proposal highlights ongoing concerns around labor practices and workplace safety, while the CEO transition adds an extra layer of execution risk. Dollar General Faces Human Rights Vote As Leadership Transition Shapes Valuation
Analyst Upgrades and Downgrades
DG has been the subject of several research reports. Rothschild & Co Redburn cut their target price on shares of Dollar General from $111.00 to $90.00 and set a “sell” rating for the company in a research report on Monday, May 18th. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $127.00 target price on shares of Dollar General in a research note on Thursday, March 12th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $140.00 target price on shares of Dollar General in a research note on Tuesday, March 24th. BMO Capital Markets upped their price target on shares of Dollar General from $130.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dollar General in a research report on Friday, April 10th. 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $139.96.
View Our Latest Research Report on Dollar General
About Dollar General
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.
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