Fiera Capital Corp bought a new stake in shares of Dollar General Corporation (NYSE:DG – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 647,681 shares of the company’s stock, valued at approximately $85,993,000. Fiera Capital Corp owned about 0.29% of Dollar General at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in DG. Fideuram Asset Management Ireland dac purchased a new stake in Dollar General in the 4th quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in 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 buying an additional 79 shares in the last quarter. Eastern Bank purchased a new stake in Dollar General in the 4th quarter valued at $35,000. Flagship Harbor Advisors LLC purchased a new stake in Dollar General in the 4th quarter valued at $36,000. Finally, Basepoint Wealth LLC purchased a new stake in Dollar General in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 91.77% of the company’s stock.
Dollar General Price Performance
DG stock opened at $103.57 on Monday. The business has a fifty day moving average of $113.86 and a two-hundred day moving average of $128.74. The company has a quick ratio of 0.25, a current ratio of 1.17 and a debt-to-equity ratio of 0.52. The stock has a market cap of $22.85 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 1.59 and a beta of 0.26. Dollar General Corporation has a 52-week low of $95.11 and a 52-week high of $158.23.
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 paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. Dollar General’s payout ratio is presently 33.38%.
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
Analyst Upgrades and Downgrades
DG has been the subject of several analyst reports. UBS Group restated a “buy” rating on shares of Dollar General in a report on Wednesday, May 27th. Oppenheimer dropped their target price on Dollar General from $170.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Evercore dropped their target price on Dollar General from $145.00 to $140.00 in a report on Wednesday, June 3rd. Citigroup dropped their target price on Dollar General from $138.00 to $116.00 and set a “neutral” rating for the company in a report on Wednesday, June 3rd. Finally, Gordon Haskett cut Dollar General from a “buy” rating to a “hold” rating and cut their target price for the stock from $140.00 to $110.00 in a research note on Friday, May 22nd. Ten research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $131.27.
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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