Allspring Global Investments Holdings LLC Buys 209,167 Shares of Dollar General Corporation $DG

Allspring Global Investments Holdings LLC lifted its stake in shares of Dollar General Corporation (NYSE:DG) by 210.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 308,791 shares of the company’s stock after buying an additional 209,167 shares during the period. Allspring Global Investments Holdings LLC owned about 0.14% of Dollar General worth $42,249,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Bryn Mawr Trust Advisors LLC bought a new stake in Dollar General in the 3rd quarter valued at about $8,803,000. Arista Wealth Management LLC bought a new position in Dollar General during the third quarter worth about $351,000. Allianz Asset Management GmbH boosted its position in Dollar General by 16.3% during the third quarter. Allianz Asset Management GmbH now owns 805,645 shares of the company’s stock worth $83,263,000 after purchasing an additional 112,862 shares during the period. Westpac Banking Corp increased its stake in shares of Dollar General by 765.2% in the third quarter. Westpac Banking Corp now owns 9,197 shares of the company’s stock worth $951,000 after purchasing an additional 8,134 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Dollar General by 5.4% in the third quarter. Jones Financial Companies Lllp now owns 555,176 shares of the company’s stock valued at $56,749,000 after purchasing an additional 28,349 shares during the period. Institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

NYSE:DG opened at $119.80 on Friday. Dollar General Corporation has a 52-week low of $84.70 and a 52-week high of $158.23. The stock has a fifty day moving average of $140.89 and a 200 day moving average of $124.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.22 and a current ratio of 1.13. The firm has a market capitalization of $26.38 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 1.89 and a beta of 0.34.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, March 12th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $10.78 billion. During the same period in the prior year, the company earned $0.87 EPS. The company’s quarterly 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. On average, research analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, April 7th. Dollar General’s payout ratio is currently 34.45%.

Analysts Set New Price Targets

DG has been the subject of several analyst reports. Truist Financial set a $139.00 price objective on shares of Dollar General in a report on Thursday, March 12th. Gordon Haskett boosted their target price on shares of Dollar General from $170.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Wall Street Zen upgraded Dollar General from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Evercore reduced their price target on Dollar General from $145.00 to $144.00 in a research report on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on Dollar General from $166.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, January 9th. Fourteen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $145.19.

Dollar General Profile

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.