Legal & General Group Plc Boosts Stock Position in Dollar General Corporation $DG

Legal & General Group Plc grew its stake in shares of Dollar General Corporation (NYSE:DG) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,371,852 shares of the company’s stock after acquiring an additional 44,185 shares during the period. Legal & General Group Plc’s holdings in Dollar General were worth $182,141,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DG. Root Financial Partners LLC purchased a new stake in shares of Dollar General during the third quarter worth $26,000. Eastern Bank purchased a new stake in shares of Dollar General during the fourth quarter worth $35,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Dollar General during the fourth quarter worth $36,000. First Horizon Corp lifted its position in shares of Dollar General by 74.4% during the fourth quarter. First Horizon Corp now owns 340 shares of the company’s stock worth $45,000 after acquiring an additional 145 shares in the last quarter. Finally, Rialto Wealth Management LLC lifted its position in shares of Dollar General by 427.3% during the fourth quarter. Rialto Wealth Management LLC now owns 348 shares of the company’s stock worth $46,000 after acquiring an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 0.9%

NYSE DG opened at $104.52 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.13 and a quick ratio of 0.22. The stock has a market capitalization of $23.02 billion, a PE ratio of 15.26, a PEG ratio of 1.68 and a beta of 0.28. Dollar General Corporation has a 1 year low of $95.11 and a 1 year high of $158.23. The business’s 50-day moving average is $116.22 and its 200 day moving average is $128.53.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, March 12th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.36. The company had revenue of $10.91 billion for the quarter, compared to analysts’ expectations of $10.78 billion. Dollar General had a return on equity of 18.66% and a net margin of 3.54%.Dollar General’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share. Dollar General has set its FY 2026 guidance at 7.100-7.35 EPS. Sell-side analysts forecast that Dollar General Corporation will post 7.27 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. Dollar General’s dividend payout ratio (DPR) is presently 34.45%.

Analyst Ratings Changes

DG has been the topic of a number of recent analyst reports. BNP Paribas Exane reiterated a “neutral” rating and issued a $127.00 price objective on shares of Dollar General in a research report on Thursday, March 12th. KeyCorp reiterated a “sector weight” rating on shares of Dollar General in a research report on Friday, March 13th. Wall Street Zen downgraded Dollar General from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dollar General in a research report on Friday, April 10th. Finally, UBS Group reiterated a “buy” rating on shares of Dollar General in a research report on Wednesday. Twelve analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $139.96.

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.