Dollar General Corporation $DG Stock Position Boosted by Bank of Nova Scotia

Bank of Nova Scotia increased its stake in Dollar General Corporation (NYSE:DG) by 195.2% in the 1st quarter, HoldingsChannel reports. The fund owned 113,404 shares of the company’s stock after acquiring an additional 74,986 shares during the period. Bank of Nova Scotia’s holdings in Dollar General were worth $13,464,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DG. Parkside Financial Bank & Trust grew its stake in shares of Dollar General by 9.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 808 shares of the company’s stock worth $107,000 after purchasing an additional 69 shares during the last quarter. BOKF NA raised its stake 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 purchasing an additional 73 shares during the period. Strata Wealth Advisors LLC raised its position in Dollar General by 3.3% during the fourth 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 increased its holdings in shares of Dollar General by 1.4% in the 4th quarter. Optimize Financial Inc now owns 5,550 shares of the company’s stock valued at $737,000 after purchasing an additional 76 shares during the period. Finally, Frank Rimerman Advisors LLC increased its stake in Dollar General by 1.7% in the 4th quarter. Frank Rimerman Advisors LLC now owns 4,628 shares of the company’s stock valued at $614,000 after buying an additional 77 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

Dollar General stock opened at $117.28 on Friday. Dollar General Corporation has a 12-month low of $95.11 and a 12-month high of $158.23. The stock has a 50-day simple moving average of $113.54 and a 200 day simple moving average of $127.06. The stock has a market capitalization of $25.87 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 1.78 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.

Dollar General (NYSE:DG) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.89 by $0.11. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. The business had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same period in the prior year, the firm earned $1.78 earnings per share. Dollar General’s revenue was up 3.4% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. On average, research analysts anticipate 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 was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a yield of 2.0%. Dollar General’s dividend payout ratio is presently 33.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DG shares. BMO Capital Markets cut their price target on Dollar General from $135.00 to $120.00 and set a “market perform” rating for the company in a research note on Wednesday, June 3rd. Freedom Capital cut shares of Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Dollar General from $110.00 to $114.00 and gave the stock a “hold” rating in a research note on Thursday, June 4th. Citigroup lowered their price target on Dollar General from $138.00 to $116.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 3rd. Finally, Daiwa Securities Group lowered their price target on shares of Dollar General from $136.00 to $111.00 and set a “neutral” rating on the stock in a report on Thursday, June 4th. 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 stock. According to data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and an average price target 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.