Dollar General Corporation $DG Stake Lifted by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue increased its Dollar General stake by 140% in the third quarter, bringing its holdings to 84,007 shares valued at approximately $10.05 million. Institutional investors collectively own 91.77% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $137.96; 12 analysts rate the stock a Buy, 16 a Hold, and one a Sell.
• Dollar General reported quarterly EPS of $2.48, surpassing the $2.01 consensus estimate, while revenue rose 5.2% year over year to $11.29 billion. The company also declared a $0.59 quarterly dividend, representing a 1.8% annualized yield.

State of Alaska Department of Revenue increased its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 140.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,007 shares of the company's stock after purchasing an additional 49,008 shares during the quarter. State of Alaska Department of Revenue's holdings in Dollar General were worth $10,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of DG. Caitong International Asset Management Co. Ltd increased its holdings 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 buying an additional 182 shares in the last quarter. Evergreen Advisors LLC purchased a new position in Dollar General in the 1st quarter worth about $25,000. Reflection Asset Management purchased a new position in Dollar General in the 4th quarter worth about $28,000. Nvwm LLC lifted its stake in Dollar General by 2,780.0% during the 3rd quarter. Nvwm LLC now owns 288 shares of the company's stock valued at $34,000 after acquiring an additional 278 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its holdings in shares of Dollar General by 788.1% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 373 shares of the company's stock valued at $43,000 after acquiring an additional 331 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DG shares. Piper Sandler lifted their price target on shares of Dollar General from $118.00 to $123.00 and gave the stock a "neutral" rating in a research note on Friday, August 28th. Sanford C. Bernstein restated an "outperform" rating and issued a $160.00 target price on shares of Dollar General in a report on Friday, August 28th. Telsey Advisory Group lifted their target price on shares of Dollar General from $125.00 to $140.00 and gave the stock a "market perform" rating in a research report on Friday, August 28th. The Goldman Sachs Group boosted their target price 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. Finally, Guggenheim reiterated a "buy" rating and set a $140.00 target price on shares of Dollar General in a research note on Monday, August 31st. Twelve investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $137.96.

Dollar General Trading Up 2.9%

Shares of NYSE:DG opened at $133.77 on Friday. The stock has a market capitalization of $29.51 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.77 and a beta of 0.23. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 1.21. The stock's 50-day simple moving average is $124.40 and its two-hundred day simple moving average is $119.07. Dollar General Corporation has a 52-week low of $95.11 and a 52-week 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 (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.47. Dollar General had a return on equity of 18.93% and a net margin of 3.90%. The business had revenue of $11.29 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same period in the previous year, the company posted $1.86 EPS. The business's quarterly 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. Analysts expect that Dollar General Corporation will post 7.69 EPS for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, October 6th. Dollar General's payout ratio is 30.69%.

Dollar General Profile

Dollar General Corporation NYSE: DG operates a chain of discount retail stores focused on providing everyday goods at affordable prices. Its merchandise includes consumable products such as food, beverages, cleaning supplies, paper products, and personal-care items, along with seasonal goods, home products, basic apparel, and select health and beauty products. Many stores also offer tobacco products, prepaid wireless services, and other convenience-oriented items.

The company primarily serves rural and suburban communities in the United States through a network of small-format stores located across most U.S.

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