Dollar General Corporation $DG Holdings Boosted by Pinnacle Associates Ltd.

Key Points

• Pinnacle Associates increased its Dollar General stake by 583.3% in the third quarter, bringing its holdings to 37,983 shares valued at approximately $4.54 million. Institutional investors collectively own 91.77% of the company.
• Analyst sentiment is mixed: 12 analysts rate the stock a Buy, 16 rate it Hold, and one rates it Sell, resulting in a consensus Hold rating and an average price target of $137.96.
• Dollar General exceeded quarterly expectations with $2.48 earnings per share and $11.29 billion in revenue, while revenue rose 5.2% year over year. The company also maintains a quarterly dividend of $0.59 per share, representing a 1.7% yield.

Pinnacle Associates Ltd. increased its stake in Dollar General Corporation (NYSE:DG - Free Report) by 583.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,983 shares of the company's stock after purchasing an additional 32,424 shares during the quarter. Pinnacle Associates Ltd.'s holdings in Dollar General were worth $4,542,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DG. Caitong International Asset Management Co. Ltd boosted its stake in 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 purchasing an additional 182 shares during the period. Evergreen Advisors LLC purchased a new position in Dollar General during the 1st quarter valued at about $25,000. Pension & Wealth Management Advisors Inc. purchased a new position in Dollar General during the 3rd quarter valued at about $32,000. Nvwm LLC increased its position in shares of Dollar General by 2,780.0% during the third quarter. Nvwm LLC now owns 288 shares of the company's stock valued at $34,000 after buying an additional 278 shares during the period. Finally, Rosenberg Matthew Hamilton increased its position in shares of Dollar General by 788.1% during the second quarter. Rosenberg Matthew Hamilton now owns 373 shares of the company's stock valued at $43,000 after buying an additional 331 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Guggenheim reissued a "buy" rating and issued a $140.00 price target on shares of Dollar General in a report on Monday, August 31st. The Goldman Sachs Group boosted their price objective on shares of Dollar General from $128.00 to $141.00 and gave the company a "neutral" rating in a research note on Friday, August 28th. Argus boosted their price objective on shares of Dollar General from $165.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, September 4th. Oppenheimer reaffirmed an "outperform" rating and set a $150.00 target price on shares of Dollar General in a report on Tuesday, August 25th. Finally, Wolfe Research reiterated an "outperform" rating and issued a $143.00 target price on shares of Dollar General in a research note on Thursday, August 13th. Twelve research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Dollar General presently has a consensus rating of "Hold" and an average price target of $137.96.

Dollar General Price Performance

Shares of NYSE DG opened at $138.88 on Friday. The firm has a market capitalization of $30.64 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.80 and a beta of 0.23. The company has a quick ratio of 0.31, a current ratio of 1.21 and a debt-to-equity ratio of 0.49. The stock's 50-day simple moving average is $125.64 and its two-hundred day simple moving average is $119.63. Dollar General Corporation has a twelve month low of $95.11 and a twelve month high of $158.23.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.47. Dollar General had a return on equity of 18.93% and a net margin of 3.90%. The firm had revenue of $11.29 billion for the quarter, compared to analysts' expectations of $11.20 billion. During the same quarter last year, the firm posted $1.86 EPS. The company's revenue was up 5.2% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. As a group, equities analysts anticipate that Dollar General Corporation will post 7.69 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, October 6th. Dollar General's dividend payout ratio (DPR) is currently 30.69%.

About Dollar General

Dollar General Corporation NYSE: DG is a discount retailer that operates stores offering everyday essentials at value-oriented prices. Its merchandise typically includes consumable products such as food, beverages, cleaning supplies, paper products, and personal-care items, along with seasonal goods, basic apparel, home products, and select health and beauty items.

The company primarily serves communities across the United States through a large network of neighborhood-focused stores, including locations in rural and suburban markets.

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