Allspring Global Investments Holdings LLC Sells 5,200 Shares of Dollar General Corporation $DG

Allspring Global Investments Holdings LLC decreased its holdings in shares of Dollar General Corporation (NYSE:DG) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 303,591 shares of the company’s stock after selling 5,200 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Dollar General were worth $35,572,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Life Cycle Investment Partners Ltd acquired a new stake in shares of Dollar General in the 4th quarter valued at $363,299,000. AQR Capital Management LLC boosted its position in Dollar General by 416.4% during the third quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock worth $259,759,000 after purchasing an additional 2,036,573 shares during the period. Bessemer Group Inc. grew its holdings in Dollar General by 24,882.5% during the fourth quarter. Bessemer Group Inc. now owns 1,694,315 shares of the company’s stock valued at $224,953,000 after purchasing an additional 1,687,533 shares during the last quarter. Morgan Stanley grew its holdings in Dollar General by 35.0% during the fourth quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock valued at $832,513,000 after purchasing an additional 1,624,748 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Dollar General by 2,208.2% in the first quarter. SG Americas Securities LLC now owns 1,554,918 shares of the company’s stock valued at $184,615,000 after purchasing an additional 1,487,554 shares during the period. Institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on DG. Freedom Capital lowered Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Barclays reduced their price objective on Dollar General from $151.00 to $148.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. HSBC reduced their price target on shares of Dollar General from $141.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, June 3rd. Jefferies Financial Group dropped their price objective on shares of Dollar General from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Piper Sandler cut their price objective on shares of Dollar General from $133.00 to $118.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. Ten investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $131.27.

Dollar General Trading Up 0.1%

Shares of Dollar General stock opened at $125.92 on Monday. The stock has a market capitalization of $27.78 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 1.91 and a beta of 0.25. 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 company has a 50-day simple moving average of $111.86 and a 200 day simple moving average of $127.51. Dollar General Corporation has a 12-month low of $95.11 and a 12-month high of $158.23.

Dollar General (NYSE:DG) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The firm had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 earnings per share. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Research analysts expect that Dollar General Corporation will post 7.38 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced 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 is Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.9%. Dollar General’s dividend payout ratio (DPR) is 33.38%.

Dollar General Company 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.