Daiwa Securities Group Inc. Sells 5,399 Shares of Dollar General Corporation $DG

Daiwa Securities Group Inc. cut its position in shares of Dollar General Corporation (NYSE:DG) by 13.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,691 shares of the company’s stock after selling 5,399 shares during the period. Daiwa Securities Group Inc.’s holdings in Dollar General were worth $4,739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Dollar General by 1.5% during 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 in the last quarter. State Street Corp raised its position 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 worth $1,133,065,000 after acquiring an additional 913,373 shares in the last quarter. Geode Capital Management LLC lifted 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 during the last quarter. Baillie Gifford & Co. boosted its position in Dollar General by 2.1% during the fourth 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Dollar General by 3.6% during the third 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 in the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Up 3.0%

Shares of 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 stock’s fifty 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 current ratio of 1.17 and a quick ratio of 0.25. The company has a market cap of $23.56 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 1.59 and a beta of 0.26.

Dollar General (NYSE:DG) last announced 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. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The firm had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the previous year, the business earned $1.78 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. On average, research analysts expect that Dollar General Corporation will post 7.33 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on DG. Guggenheim dropped their price objective on Dollar General from $160.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Wolfe Research reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Dollar General in a research report on Thursday, March 12th. Daiwa Securities Group dropped their price objective on Dollar General from $136.00 to $111.00 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. 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 report on Wednesday, June 3rd. 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 report on Tuesday, June 2nd. Ten equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.