Pinebridge Investments LLC Invests $11.86 Million in Dollar General Corporation $DG

Key Points

• Pinebridge Investments LLC opened a new position in Dollar General during the fourth quarter, buying 89,356 shares valued at about $11.86 million.
• Dollar General reported better-than-expected quarterly earnings of $2.00 per share, beating estimates by $0.11, while revenue came in at $10.79 billion and rose 3.4% year over year.
• The company also announced a quarterly dividend of $0.59 per share, and despite recent analyst target cuts, Wall Street’s consensus rating remains Hold with an average price target of $131.27.

Pinebridge Investments LLC acquired a new position in Dollar General Corporation (NYSE:DG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 89,356 shares of the company's stock, valued at approximately $11,864,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Dollar General by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company's stock worth $3,625,822,000 after purchasing an additional 412,542 shares during the period. State Street Corp raised its position in 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 purchasing an additional 913,373 shares during the period. Geode Capital Management LLC raised its position in Dollar General by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company's stock valued at $754,857,000 after purchasing an additional 42,936 shares during the period. Baillie Gifford & Co. raised its position in 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 purchasing an additional 68,723 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in 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 purchasing an additional 96,825 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Price Performance

DG stock opened at $103.57 on Friday. The company has a quick ratio of 0.22, a current ratio of 1.17 and a debt-to-equity ratio of 0.52. Dollar General Corporation has a 52-week low of $95.11 and a 52-week high of $158.23. The stock's 50 day moving average is $113.86 and its two-hundred day moving average is $128.56. The company has a market capitalization of $22.85 billion, a PE ratio of 14.65, a P/E/G ratio of 1.64 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.11. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The company had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the previous year, the business earned $1.78 EPS. Dollar General's revenue for the quarter was up 3.4% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Analysts predict that Dollar General Corporation will post 7.33 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 7th. This represents a $2.36 annualized dividend and a yield of 2.3%. Dollar General's payout ratio is currently 33.38%.

Dollar General News Roundup

Here are the key news stories impacting Dollar General this week:

• Positive Sentiment: KeyCorp raised its earnings estimates for Dollar General, nudging expected profitability higher across upcoming quarters and signaling confidence in the company’s longer-term earnings power. Dollar General analyst estimate updates
• Positive Sentiment: Several analyst roundups highlighted Dollar General as a stock that analysts remain bullish on within consumer goods, suggesting some support from Wall Street despite recent volatility. Analysts Are Bullish on These Consumer Goods Stocks: Dollar General (DG), Philip Morris (PM)
• Positive Sentiment: Another analyst roundup again included Dollar General among consumer staples names receiving favorable views, reinforcing that some investors still see value in the shares. Analysts Are Bullish on These Consumer Goods Stocks: McCormick & Company (MKC), Dollar General (DG)
• Neutral Sentiment: MarketWatch said Dollar General underperformed its peers, indicating the stock is lagging competitor performance even if there is no new company-specific shock. Dollar General stock underperforms Thursday when compared to competitors
• Neutral Sentiment: Commentary around recent retail earnings suggests DG may be benefiting from value-conscious shoppers, but investors are still weighing that against cautious guidance and a weak broader retail sentiment. Why Walmart and Other Consumer Stocks Aren’t Getting the Gains They Deserve
• Negative Sentiment: Recent coverage noted that Dollar General’s stock has been weaker since its latest earnings report and that its cautious outlook is still weighing on sentiment. Dollar General's Q1 Beat Driven By Cost Control As CEO Exit Looms
• Negative Sentiment: Dollar General also faced a cut in price target from Daiwa and a downgrade from Freedom Capital, which adds to pressure on the stock and suggests some analysts see limited near-term upside. Daiwa Securities price target adjustment on Dollar General

Analyst Ratings Changes

DG has been the topic of several analyst reports. HSBC dropped their target price on Dollar General from $141.00 to $125.00 and set a "hold" rating on the stock in a report on Wednesday. KeyCorp reiterated a "sector weight" rating on shares of Dollar General in a report on Friday, March 13th. Telsey Advisory Group dropped their target price on Dollar General from $140.00 to $125.00 and set a "market perform" rating on the stock in a report on Wednesday. Jefferies Financial Group dropped their target price on Dollar General from $155.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Raymond James Financial reiterated an "outperform" rating and set a $145.00 target price on shares of Dollar General in a report on Wednesday. Ten investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $131.27.

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.