Dollar General Corporation $DG Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in Dollar General Corporation (NYSE:DG) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,365,622 shares of the company’s stock after acquiring an additional 88,231 shares during the period. Bank of New York Mellon Corp’s holdings in Dollar General were worth $181,314,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Calamos Advisors LLC raised its stake in shares of Dollar General by 32.9% during the 4th quarter. Calamos Advisors LLC now owns 245,473 shares of the company’s stock worth $32,591,000 after purchasing an additional 60,746 shares in the last quarter. Park Capital Management LLC WI purchased a new stake in shares of Dollar General during the 4th quarter worth about $1,245,000. Arista Wealth Management LLC purchased a new stake in shares of Dollar General during the 3rd quarter worth about $351,000. Westpac Banking Corp raised its stake in shares of Dollar General by 765.2% during the 3rd quarter. Westpac Banking Corp now owns 9,197 shares of the company’s stock worth $951,000 after purchasing an additional 8,134 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Dollar General by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock worth $754,857,000 after purchasing an additional 42,936 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Key Dollar General News

Here are the key news stories impacting Dollar General this week:

• Positive Sentiment: KeyCorp raised its earnings estimates for Dollar General, nudging expected profitability higher across upcoming quarters and signaling confidence in the company’s longer-term earnings power. Dollar General analyst estimate updates
• Positive Sentiment: Several analyst roundups highlighted Dollar General as a stock that analysts remain bullish on within consumer goods, suggesting some support from Wall Street despite recent volatility. Analysts Are Bullish on These Consumer Goods Stocks: Dollar General (DG), Philip Morris (PM)
• Positive Sentiment: Another analyst roundup again included Dollar General among consumer staples names receiving favorable views, reinforcing that some investors still see value in the shares. Analysts Are Bullish on These Consumer Goods Stocks: McCormick & Company (MKC), Dollar General (DG)
• Neutral Sentiment: MarketWatch said Dollar General underperformed its peers, indicating the stock is lagging competitor performance even if there is no new company-specific shock. Dollar General stock underperforms Thursday when compared to competitors
• Neutral Sentiment: Commentary around recent retail earnings suggests DG may be benefiting from value-conscious shoppers, but investors are still weighing that against cautious guidance and a weak broader retail sentiment. Why Walmart and Other Consumer Stocks Aren’t Getting the Gains They Deserve
• Negative Sentiment: Recent coverage noted that Dollar General’s stock has been weaker since its latest earnings report and that its cautious outlook is still weighing on sentiment. Dollar General’s Q1 Beat Driven By Cost Control As CEO Exit Looms
• Negative Sentiment: Dollar General also faced a cut in price target from Daiwa and a downgrade from Freedom Capital, which adds to pressure on the stock and suggests some analysts see limited near-term upside. Daiwa Securities price target adjustment on Dollar General

Dollar General Trading Up 0.1%

NYSE DG opened at $103.57 on Friday. The stock has a 50-day simple moving average of $113.86 and a 200 day simple moving average of $128.56. The company has a market capitalization of $22.85 billion, a PE ratio of 14.65, a P/E/G ratio of 1.64 and a beta of 0.26. The company has a current ratio of 1.17, a quick ratio of 0.22 and a debt-to-equity ratio of 0.52. Dollar General Corporation has a 12 month low of $95.11 and a 12 month high of $158.23.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.11. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The company had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the prior year, the company earned $1.78 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Research analysts forecast that Dollar General Corporation will post 7.33 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, July 7th. Dollar General’s dividend payout ratio is currently 33.38%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DG. Wolfe Research reissued an “outperform” rating and issued a $165.00 price objective on shares of Dollar General in a research note on Thursday, March 12th. Loop Capital raised their price objective on Dollar General from $110.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday. Raymond James Financial reissued an “outperform” rating and issued a $145.00 price objective on shares of Dollar General in a research note on Wednesday. Morgan Stanley cut their price objective on Dollar General from $150.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Truist Financial raised their price objective on Dollar General from $109.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday. Ten 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $131.27.

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.