Dollar General Corporation $DG Stock Position Cut by North Dakota State Investment Board

Key Points

• North Dakota State Investment Board cut its Dollar General stake by 62.5% in the third quarter, selling 11,209 shares and retaining 6,738 shares valued at approximately $806,000. Institutional investors collectively own 91.77% of the company.
• Analyst sentiment remains mixed: Dollar General has a consensus “Hold” rating from 29 analysts, with a consensus price target of $137.96. Recent targets ranged from $123 to $170, including upgrades from Argus and Gordon Haskett.
• Dollar General reported quarterly EPS of $2.48, beating estimates by $0.47, while revenue rose 5.2% year over year to $11.29 billion. The company also maintains a quarterly dividend of $0.59 per share, equivalent to a 1.8% annual yield.

North Dakota State Investment Board decreased its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 62.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,738 shares of the company's stock after selling 11,209 shares during the quarter. North Dakota State Investment Board's holdings in Dollar General were worth $806,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Evergreen Advisors LLC acquired a new position in Dollar General during the 1st quarter worth approximately $25,000. Reyes Financial Architecture Inc. bought a new position in Dollar General in the 3rd quarter valued at approximately $30,000. Pension & Wealth Management Advisors Inc. bought a new position in Dollar General in the 3rd quarter valued at approximately $32,000. Nvwm LLC boosted its position in Dollar General by 2,780.0% in the third quarter. Nvwm LLC now owns 288 shares of the company's stock valued at $34,000 after buying an additional 278 shares in the last quarter. Finally, Rosenberg Matthew Hamilton boosted its position in Dollar General by 788.1% in 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 in the last quarter. Institutional investors own 91.77% of the company's stock.

Analysts Set New Price Targets

DG has been the topic of a number of research reports. Raymond James Financial reaffirmed an "outperform" rating and set a $150.00 target price on shares of Dollar General in a research note on Friday, August 28th. Piper Sandler increased their price target on Dollar General from $118.00 to $123.00 and gave the company a "neutral" rating in a research note on Friday, August 28th. Argus raised their price objective on Dollar General from $165.00 to $170.00 and gave the company a "buy" rating in a report on Friday, September 4th. Gordon Haskett upgraded Dollar General from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a research report on Tuesday, October 6th. Finally, Oppenheimer restated an "outperform" rating and set a $150.00 price objective on shares of Dollar General in a research report on Tuesday, August 25th. Twelve analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Dollar General currently has a consensus rating of "Hold" and a consensus target price of $137.96.

Dollar General Stock Up 1.5%

Shares of Dollar General stock opened at $132.02 on Friday. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.21 and a quick ratio of 0.31. The stock's 50-day moving average is $126.34 and its 200 day moving average is $126.12. The firm has a market cap of $29.13 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.76 and a beta of 0.23.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.01 by $0.47. The business had revenue of $11.29 billion during the quarter, compared to analysts' expectations of $11.20 billion. Dollar General had a return on equity of 18.93% and a net margin of 3.90%. The firm's revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.86 earnings per share. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. Equities research analysts anticipate that Dollar General Corporation will post 7.70 EPS for the current 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 given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, October 6th. Dollar General's payout ratio is presently 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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