Legal & General Group Plc Increases Stock Holdings in Dollar General Corporation $DG

Legal & General Group Plc lifted its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,371,852 shares of the company's stock after buying an additional 44,185 shares during the period. Legal & General Group Plc owned about 0.62% of Dollar General worth $182,141,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DG. Vanguard Group Inc. grew its holdings in shares of Dollar General by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company's stock valued at $3,625,822,000 after acquiring an additional 412,542 shares in the last quarter. State Street Corp grew its holdings in shares of Dollar General by 9.1% in the third quarter. State Street Corp now owns 10,963,378 shares of the company's stock valued at $1,133,065,000 after acquiring an additional 913,373 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of Dollar General by 2.1% in the fourth quarter. Baillie Gifford & Co. now owns 3,316,155 shares of the company's stock valued at $440,286,000 after acquiring an additional 68,723 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Dollar General by 3.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,811,797 shares of the company's stock valued at $290,599,000 after acquiring an additional 96,825 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd bought a new position in shares of Dollar General in the fourth quarter valued at approximately $363,299,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Wall Street Analyst Weigh In

DG has been the subject of several recent analyst reports. Gordon Haskett lowered Dollar General from a "buy" rating to a "hold" rating and reduced their target price for the company from $140.00 to $110.00 in a report on Friday, May 22nd. Oppenheimer upped their target price on Dollar General from $145.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, February 24th. Barclays reaffirmed an "overweight" rating on shares of Dollar General in a report on Thursday, March 12th. Rothschild & Co Redburn reduced their target price on Dollar General from $111.00 to $90.00 and set a "sell" rating for the company in a report on Monday, May 18th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Dollar General in a report on Friday, April 10th. Twelve investment 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.com, the company has an average rating of "Hold" and an average price target of $139.96.

Dollar General Price Performance

Shares of NYSE DG opened at $104.52 on Thursday. The stock has a fifty day simple moving average of $116.22 and a two-hundred day simple moving average of $128.53. Dollar General Corporation has a 1-year low of $95.11 and a 1-year high of $158.23. The firm has a market cap of $23.02 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 1.68 and a beta of 0.28. The company has a current ratio of 1.13, a quick ratio of 0.22 and a debt-to-equity ratio of 0.54.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, March 12th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.36. Dollar General had a return on equity of 18.66% and a net margin of 3.54%.The business had revenue of $10.91 billion during the quarter, compared to analyst estimates of $10.78 billion. During the same period in the prior year, the company earned $0.87 earnings per share. Dollar General's revenue was up 5.9% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.100-7.35 EPS. Analysts anticipate that Dollar General Corporation will post 7.27 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, April 7th. Dollar General's dividend payout ratio is 34.45%.

About Dollar General

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.

Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corporation (NYSE:DG - Free Report).

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.