Allstate Corp Boosts Position in Dollar General Corporation $DG

Allstate Corp grew its position in shares of Dollar General Corporation (NYSE:DGFree 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 (NYSE:DGGet Free Report) last announced its quarterly earnings data on Thursday, March 12th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.57 by $0.36. The business had revenue of $10.91 billion during the quarter, compared to analyst estimates of $10.78 billion. Dollar General had a return on equity of 18.66% and a net margin of 3.54%.The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 earnings per share. Dollar General has set its FY 2026 guidance at 7.100-7.35 EPS. Research analysts expect that Dollar General Corporation will post 7.26 EPS for the current fiscal year.

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:

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

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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