Cibc World Market Inc. Increases Holdings in Dollar General Corporation $DG

Cibc World Market Inc. increased its position in Dollar General Corporation (NYSE:DG) by 25.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 26,081 shares of the company’s stock after purchasing an additional 5,331 shares during the period. Cibc World Market Inc.’s holdings in Dollar General were worth $3,463,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Dollar General by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company’s stock valued at $3,625,822,000 after purchasing an additional 412,542 shares during the last quarter. State Street Corp lifted its holdings in shares of Dollar General by 9.1% in the 3rd quarter. State Street Corp now owns 10,963,378 shares of the company’s stock valued at $1,133,065,000 after purchasing an additional 913,373 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dollar General by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock valued at $754,857,000 after purchasing an additional 42,936 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Dollar General by 2.1% in the 4th quarter. Baillie Gifford & Co. now owns 3,316,155 shares of the company’s stock valued at $440,286,000 after purchasing an additional 68,723 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Dollar General by 3.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,811,797 shares of the company’s stock valued at $290,599,000 after purchasing an additional 96,825 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Price Performance

DG stock opened at $106.80 on Tuesday. Dollar General Corporation has a 1 year low of $95.11 and a 1 year high of $158.23. The firm has a market cap of $23.56 billion, a P/E ratio of 15.11, a PEG ratio of 1.59 and a beta of 0.26. The stock’s 50 day moving average price is $113.61 and its 200 day moving average price is $128.76. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17.

Dollar General (NYSE:DG) last issued its earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.11. The business had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $1.78 EPS. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. On average, sell-side analysts expect that Dollar General Corporation will post 7.33 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, July 7th. Dollar General’s dividend payout ratio is currently 33.38%.

Wall Street Analysts Forecast Growth

DG has been the topic of several recent research reports. Citigroup dropped their price target on Dollar General from $138.00 to $116.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Dollar General in a research report on Friday, April 10th. Truist Financial boosted their price target on Dollar General from $109.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on Dollar General from $110.00 to $114.00 and gave the company a “hold” rating in a research report on Thursday, June 4th. Finally, Wall Street Zen cut Dollar General from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Ten investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $131.27.

Dollar General Profile

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.