Dollar General Corporation $DG Stake Raised by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Dollar General stake by 310.2% in the third quarter, bringing its holdings to 32,387 shares valued at approximately $3.87 million. Institutional investors and hedge funds collectively own 91.77% of the company.
• Analysts maintain a generally cautious outlook, with 12 Buy, 16 Hold, and one Sell rating; the consensus rating is Hold with a $137.96 price target.
• Dollar General beat quarterly earnings expectations with $2.48 in EPS and $11.29 billion in revenue, while revenue grew 5.2% year over year. The company also paid a $0.59 quarterly dividend, equivalent to a 1.8% yield.

Assenagon Asset Management S.A. increased its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 310.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,387 shares of the company's stock after buying an additional 24,492 shares during the period. Assenagon Asset Management S.A.'s holdings in Dollar General were worth $3,873,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DG. Arrowstreet Capital Limited Partnership lifted its stake in shares of Dollar General by 6.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,868,239 shares of the company's stock valued at $340,546,000 after purchasing an additional 167,546 shares during the period. Dimensional Fund Advisors LP grew its stake in Dollar General by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,800,145 shares of the company's stock valued at $332,443,000 after acquiring an additional 75,323 shares during the period. Royal Bank of Canada increased its stake in Dollar General by 0.8% during the 1st quarter. Royal Bank of Canada now owns 2,723,506 shares of the company's stock worth $323,362,000 after purchasing an additional 20,366 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Dollar General during the second quarter worth $162,412,000. Finally, Renaissance Technologies LLC increased its holdings in Dollar General by 121.3% during the 1st quarter. Renaissance Technologies LLC now owns 704,204 shares of the company's stock worth $83,610,000 after purchasing an additional 386,000 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DG has been the topic of a number of research reports. Telsey Advisory Group boosted their price target on Dollar General from $125.00 to $140.00 and gave the company a "market perform" rating in a report on Friday, August 28th. Morgan Stanley upped their price objective on Dollar General from $132.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Friday, August 28th. Guggenheim reissued a "buy" rating and issued a $140.00 target price on shares of Dollar General in a research report on Monday, August 31st. BMO Capital Markets increased their target price on shares of Dollar General from $120.00 to $135.00 and gave the stock a "market perform" rating in a report on Friday, August 28th. Finally, Oppenheimer restated an "outperform" rating and issued a $150.00 price target on shares of Dollar General in a research note on Tuesday, August 25th. Twelve analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $137.96.

Dollar General Price Performance

Shares of NYSE DG opened at $134.23 on Wednesday. The business's 50 day moving average is $125.05 and its 200-day moving average is $119.41. The firm has a market cap of $29.61 billion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 1.82 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. The company has a current ratio of 1.21, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The company reported $2.48 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.47. The firm had revenue of $11.29 billion for the quarter, compared to analyst estimates of $11.20 billion. Dollar General had a return on equity of 18.93% and a net margin of 3.90%. During the same period in the prior year, the firm posted $1.86 EPS. The company's revenue for the quarter was up 5.2% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. Equities research analysts predict that Dollar General Corporation will post 7.69 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 6th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $2.36 annualized dividend and a yield of 1.8%. Dollar General's payout ratio 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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