Amundi Grows Position in Dollar General Corporation $DG

Key Points

• Amundi increased its Dollar General position by 35.2% in the first quarter, adding 130,741 shares to own 502,073 shares valued at approximately $59.6 million. Institutional investors collectively hold 91.77% of DG’s outstanding stock.
• Analyst sentiment remains mixed, with 10 Buy, 18 Hold, and one Sell rating; the consensus rating is Hold with a $131.27 price target. Recent target prices ranged from $113 to $149.
• Dollar General exceeded quarterly EPS expectations, reporting $2.00 versus the $1.89 consensus, while revenue rose 3.4% year over year to $10.79 billion. The company also pays a quarterly dividend of $0.59 per share, yielding approximately 1.9% annually.

Amundi grew its position in Dollar General Corporation (NYSE:DG - Free Report) by 35.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 502,073 shares of the company's stock after purchasing an additional 130,741 shares during the period. Amundi owned approximately 0.23% of Dollar General worth $59,611,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DG. EverSource Wealth Advisors LLC increased its position in shares of Dollar General by 34.1% in the first quarter. EverSource Wealth Advisors LLC now owns 8,507 shares of the company's stock worth $1,010,000 after acquiring an additional 2,163 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Dollar General by 0.8% during the 1st quarter. Royal Bank of Canada now owns 2,723,506 shares of the company's stock valued at $323,362,000 after acquiring an additional 20,366 shares in the last quarter. Elite Wealth Management Inc. purchased a new stake in Dollar General during the 1st quarter worth $1,089,000. Empowered Funds LLC boosted its position in Dollar General by 213.9% during the 1st quarter. Empowered Funds LLC now owns 35,634 shares of the company's stock worth $4,231,000 after purchasing an additional 24,282 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in Dollar General by 22.2% in the 1st quarter. Quantinno Capital Management LP now owns 331,044 shares of the company's stock valued at $39,305,000 after purchasing an additional 60,043 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on DG shares. Loop Capital raised their price objective on Dollar General from $110.00 to $115.00 and gave the company a "hold" rating in a research report on Wednesday, June 3rd. Citigroup decreased their target price on Dollar General from $138.00 to $116.00 and set a "neutral" rating for the company in a research report on Wednesday, June 3rd. Weiss Ratings restated a "hold (c)" rating on shares of Dollar General in a report on Wednesday, July 8th. Sanford C. Bernstein reissued an "outperform" rating and issued a $149.00 target price on shares of Dollar General in a research report on Wednesday, June 3rd. Finally, BNP Paribas Exane dropped their price target on Dollar General from $144.00 to $113.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 3rd. Ten analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $131.27.

Dollar General Price Performance

NYSE DG opened at $127.24 on Monday. The business's fifty day moving average is $115.70 and its two-hundred day moving average is $126.33. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17. The stock has a market capitalization of $28.07 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.93 and a beta of 0.23. Dollar General Corporation has a 1 year low of $95.11 and a 1 year high of $158.23.

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

Dollar General Announces Dividend

The firm also recently declared 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 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%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.