Fisher Funds Management LTD Takes $12.55 Million Position in Dollar General Corporation $DG

Fisher Funds Management LTD acquired a new stake in shares of Dollar General Corporation (NYSE:DG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 105,665 shares of the company’s stock, valued at approximately $12,546,000.

Several other institutional investors have also modified their holdings of the stock. Parkside Financial Bank & Trust increased its position in shares of Dollar General by 9.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 808 shares of the company’s stock valued at $107,000 after purchasing an additional 69 shares during the last quarter. BOKF NA raised its holdings in Dollar General by 15.2% during the 4th quarter. BOKF NA now owns 554 shares of the company’s stock valued at $74,000 after buying an additional 73 shares during the period. Strata Wealth Advisors LLC raised its holdings in Dollar General by 3.3% during the 4th quarter. Strata Wealth Advisors LLC now owns 2,367 shares of the company’s stock valued at $314,000 after buying an additional 75 shares during the period. Optimize Financial Inc lifted its position in Dollar General by 1.4% in the fourth quarter. Optimize Financial Inc now owns 5,550 shares of the company’s stock worth $737,000 after buying an additional 76 shares during the last quarter. Finally, Tevis Investment Management lifted its position in Dollar General by 0.5% in the third quarter. Tevis Investment Management now owns 16,655 shares of the company’s stock worth $1,721,000 after buying an additional 77 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DG. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Dollar General from $110.00 to $114.00 and gave the company a “hold” rating in a research report on Thursday, June 4th. Morgan Stanley lowered their target price on shares of Dollar General from $150.00 to $132.00 and set an “equal weight” rating for the company in a report on Wednesday, June 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $149.00 price target on shares of Dollar General in a research note on Wednesday, June 3rd. Gordon Haskett cut shares of Dollar General from a “buy” rating to a “hold” rating and dropped their price target for the stock from $140.00 to $110.00 in a research note on Friday, May 22nd. Finally, Telsey Advisory Group cut their price target on shares of Dollar General from $140.00 to $125.00 and set a “market perform” rating on the stock in a report on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $131.27.

Dollar General Stock Performance

Shares of Dollar General stock opened at $113.41 on Monday. 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’s fifty day moving average is $112.32 and its two-hundred day moving average is $129.25. Dollar General Corporation has a 52 week low of $95.11 and a 52 week high of $158.23. The company has a market capitalization of $25.02 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.72 and a beta of 0.26.

Dollar General (NYSE:DG) last released 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 during the quarter, compared to the consensus estimate of $10.81 billion. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $1.78 earnings per share. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. As a group, analysts expect that Dollar General Corporation will post 7.38 earnings per share for the current 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 paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, July 7th. Dollar General’s dividend payout ratio (DPR) is currently 33.38%.

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.