Sprucegrove Investment Management Ltd. Has $5.39 Million Stock Holdings in Dollar General Corporation $DG

Sprucegrove Investment Management Ltd. decreased its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 38.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,610 shares of the company's stock after selling 25,100 shares during the period. Dollar General makes up about 0.6% of Sprucegrove Investment Management Ltd.'s portfolio, making the stock its 18th largest position. Sprucegrove Investment Management Ltd.'s holdings in Dollar General were worth $5,392,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DG. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Dollar General by 2.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,762 shares of the company's stock worth $4,350,000 after purchasing an additional 641 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC bought a new position in Dollar General during the 4th quarter valued at $499,000. CENTRAL TRUST Co lifted its stake in Dollar General by 3.0% during the 4th quarter. CENTRAL TRUST Co now owns 4,517 shares of the company's stock valued at $600,000 after acquiring an additional 131 shares in the last quarter. Strs Ohio boosted its holdings in Dollar General by 7.1% during the 4th quarter. Strs Ohio now owns 525,462 shares of the company's stock worth $69,766,000 after acquiring an additional 34,910 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS bought a new stake in shares of Dollar General in the 4th quarter worth $246,000. 91.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. UBS Group reissued a "buy" rating and set a $163.00 price target on shares of Dollar General in a research report on Monday, March 16th. Piper Sandler lifted their price target on Dollar General from $132.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, March 13th. JPMorgan Chase & Co. lifted their target price on Dollar General from $166.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, January 9th. Truist Financial set a $139.00 price target on shares of Dollar General in a research report on Thursday, March 12th. Finally, Jefferies Financial Group restated a "buy" rating and set a $170.00 price objective on shares of Dollar General in a report on Thursday, March 12th. Thirteen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Dollar General has an average rating of "Hold" and an average target price of $146.54.

Dollar General Trading Up 2.2%

Shares of DG opened at $116.96 on Wednesday. Dollar General Corporation has a fifty-two week low of $86.25 and a fifty-two week high of $158.23. The business has a 50-day moving average of $129.37 and a 200 day moving average of $128.01. The firm has a market cap of $25.76 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 1.85 and a beta of 0.28. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.22 and a current ratio of 1.13.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.57 by $0.36. The business had revenue of $10.91 billion for the quarter, compared to the consensus estimate of $10.78 billion. Dollar General had a net margin of 3.54% and a return on equity of 18.66%. The company's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 earnings per share. Dollar General has set its FY 2026 guidance at 7.100-7.35 EPS. As a group, research analysts forecast that Dollar General Corporation will post 7.29 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $2.36 annualized dividend and a yield of 2.0%. Dollar General's dividend payout ratio (DPR) 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.

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