1,410,932 Shares in Dollar General Corporation $DG Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new position in shares of Dollar General Corporation (NYSE:DG - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,410,932 shares of the company's stock, valued at approximately $162,412,000. Bank of New York Mellon Corp owned approximately 0.64% of Dollar General at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new stake in Dollar General during the 2nd quarter valued at $33,649,000. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Dollar General in the 2nd quarter valued at $10,169,000. Merit Financial Group LLC raised its position in shares of Dollar General by 19.6% in the 2nd quarter. Merit Financial Group LLC now owns 31,727 shares of the company's stock worth $3,652,000 after acquiring an additional 5,205 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of Dollar General by 788.1% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 373 shares of the company's stock worth $43,000 after purchasing an additional 331 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of Dollar General by 2.3% during the 2nd quarter. Ballentine Partners LLC now owns 5,470 shares of the company's stock worth $630,000 after purchasing an additional 122 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DG shares. Morgan Stanley cut their target price on Dollar General from $150.00 to $132.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 3rd. Citigroup decreased their price target on shares of Dollar General from $138.00 to $116.00 and set a "neutral" rating for the company in a research report on Wednesday, June 3rd. Guggenheim lowered their price target on shares of Dollar General from $160.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, June 3rd. Freedom Capital downgraded shares of Dollar General from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 2nd. Finally, Oppenheimer reduced their price objective on shares of Dollar General from $170.00 to $150.00 and set an "outperform" rating for the company in a research note on Friday, May 29th. Ten analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $130.42.

Dollar General Stock Down 0.2%

Shares of DG stock opened at $123.11 on Monday. Dollar General Corporation has a 1-year low of $95.11 and a 1-year high of $158.23. The stock's fifty day moving average price is $120.34 and its 200 day moving average price is $123.82. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25. The company has a market cap of $27.16 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 1.88 and a beta of 0.23.

Dollar General (NYSE:DG - Get Free Report) 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. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The company had revenue of $10.79 billion during the quarter, compared to analysts' expectations of $10.81 billion. During the same period last year, the business posted $1.78 earnings per share. 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. On average, research analysts expect that Dollar General Corporation will post 7.38 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.9%. Dollar General's payout ratio is 33.38%.

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.

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