Renaissance Technologies LLC Grows Holdings in Dollar General Corporation $DG

Renaissance Technologies LLC boosted its holdings in shares of Dollar General Corporation (NYSE:DG) by 121.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 704,204 shares of the company’s stock after acquiring an additional 386,000 shares during the period. Renaissance Technologies LLC’s holdings in Dollar General were worth $83,610,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Dollar General by 4,550.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company’s stock worth $25,000 after buying an additional 182 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new stake in Dollar General in the fourth quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Dollar General by 69.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock worth $26,000 after acquiring an additional 79 shares during the last quarter. Evergreen Advisors LLC bought a new position in shares of Dollar General during the first quarter valued at $25,000. Finally, Reflection Asset Management purchased a new position in shares of Dollar General in the 4th quarter worth about $28,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 1.8%

NYSE:DG opened at $117.28 on Friday. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23. The business has a fifty day moving average price of $113.54 and a 200-day moving average price of $127.06. The firm has a market capitalization of $25.87 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 1.78 and a beta of 0.25. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25.

Dollar General (NYSE:DG) last released its earnings results on Tuesday, June 2nd. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. The company had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same quarter last year, the business earned $1.78 EPS. The firm’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. Sell-side analysts forecast that Dollar General Corporation will post 7.38 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, July 7th. Dollar General’s dividend payout ratio (DPR) is presently 33.38%.

Analysts Set New Price Targets

DG has been the subject of several analyst reports. Rothschild & Co Redburn reduced their price target on shares of Dollar General from $111.00 to $90.00 and set a “sell” rating for the company in a research report on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dollar General in a research report on Wednesday, July 8th. The Goldman Sachs Group cut their target price on Dollar General from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 3rd. Morgan Stanley decreased their price target on Dollar General from $150.00 to $132.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. Finally, Evercore lowered their price target on Dollar General from $145.00 to $140.00 in a report on Wednesday, June 3rd. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $131.27.

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.