NewEdge Advisors LLC Has $9.48 Million Holdings in Dollar General Corporation $DG

NewEdge Advisors LLC boosted its position in Dollar General Corporation (NYSE:DG - Free Report) by 14.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,382 shares of the company's stock after purchasing an additional 10,661 shares during the quarter. NewEdge Advisors LLC's holdings in Dollar General were worth $9,483,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System grew its position in Dollar General by 14,024.5% during the second quarter. California State Teachers Retirement System now owns 37,348,936 shares of the company's stock worth $4,299,236,000 after buying an additional 37,084,509 shares in the last quarter. Life Cycle Investment Partners Ltd bought a new position in shares of Dollar General in the fourth quarter worth $363,299,000. AQR Capital Management LLC raised its stake in Dollar General by 416.4% in the third quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company's stock valued at $259,759,000 after purchasing an additional 2,036,573 shares in the last quarter. Morgan Stanley raised its stake in Dollar General by 35.0% in the fourth quarter. Morgan Stanley now owns 6,270,333 shares of the company's stock valued at $832,513,000 after purchasing an additional 1,624,748 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Dollar General by 2,208.2% in the first quarter. SG Americas Securities LLC now owns 1,554,918 shares of the company's stock valued at $184,615,000 after purchasing an additional 1,487,554 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DG. Loop Capital increased their price objective on shares of Dollar General from $110.00 to $115.00 and gave the stock a "hold" rating in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Dollar General from $110.00 to $114.00 and gave the company a "hold" rating in a research report on Thursday, June 4th. Truist Financial increased their price target on shares of Dollar General from $109.00 to $114.00 and gave the stock a "hold" rating in a research report on Tuesday, June 2nd. Weiss Ratings upgraded shares of Dollar General from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday. Finally, Morgan Stanley upped their target price on Dollar General from $132.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Friday, August 28th. Ten equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Dollar General has a consensus rating of "Hold" and an average price target of $135.46.

Dollar General Stock Up 1.5%

DG stock opened at $124.83 on Friday. The firm has a 50-day moving average price of $123.79 and a 200-day moving average price of $121.67. Dollar General Corporation has a 12 month low of $95.11 and a 12 month 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. The stock has a market capitalization of $27.54 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.70 and a beta of 0.23.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.47. The company had revenue of $11.29 billion for the quarter, compared to analyst estimates of $11.20 billion. Dollar General had a net margin of 3.90% and a return on equity of 18.93%. The firm's revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.86 EPS. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. As a group, equities research analysts anticipate that Dollar General Corporation will post 7.68 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, October 6th. Dollar General's dividend payout ratio is presently 30.69%.

Dollar General Profile

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

The company serves primarily rural and suburban communities, with stores located throughout the United States. Dollar General also operates related retail formats, including DG Market, DGX, and pOpshelf, which offer assortments tailored to different shopping needs and locations.

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