Harvest Investment Advisors LLC Invests $2.08 Million in Dollar General Corporation $DG

Harvest Investment Advisors LLC acquired a new position in Dollar General Corporation (NYSE:DG) in the fourth quarter, HoldingsChannel reports. The firm acquired 15,650 shares of the company’s stock, valued at approximately $2,078,000. Dollar General comprises about 1.2% of Harvest Investment Advisors LLC’s holdings, making the stock its 28th largest position.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Dollar General by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company’s stock worth $3,625,822,000 after buying an additional 412,542 shares during the period. State Street Corp increased its stake in shares of Dollar General by 0.5% in the fourth quarter. State Street Corp now owns 11,017,002 shares of the company’s stock worth $1,462,727,000 after buying an additional 53,624 shares during the period. Morgan Stanley increased its stake in shares of Dollar General by 35.0% in the fourth quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock worth $832,513,000 after buying an additional 1,624,748 shares during the period. Geode Capital Management LLC increased its stake in shares of Dollar General by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock worth $754,857,000 after buying an additional 42,936 shares during the period. Finally, Baillie Gifford & Co. increased its stake in shares of Dollar General by 2.1% in the fourth quarter. Baillie Gifford & Co. now owns 3,316,155 shares of the company’s stock worth $440,286,000 after buying an additional 68,723 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on DG shares. Loop Capital lifted their target price on shares of Dollar General from $110.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, June 3rd. Barclays reduced their price objective on shares of Dollar General from $151.00 to $148.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Telsey Advisory Group reduced their price objective on shares of Dollar General from $140.00 to $125.00 and set a “market perform” rating on the stock in a research report on Wednesday, June 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Dollar General in a research report on Friday, April 10th. Finally, Truist Financial boosted their price objective on shares of Dollar General from $109.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, June 2nd. Ten research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $131.27.

Dollar General Stock Performance

Shares of DG stock opened at $114.00 on Wednesday. The stock has a market cap of $25.15 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.77 and a beta of 0.26. The company’s fifty day moving average price is $112.99 and its 200-day moving average price is $129.20. Dollar General Corporation has a 12 month low of $95.11 and a 12 month high of $158.23. The company has a current ratio of 1.17, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52.

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

Dollar General Dividend Announcement

The company 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. The ex-dividend date is Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a yield of 2.1%. Dollar General’s payout ratio is presently 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.