Assenagon Asset Management S.A. reduced its position in Dollar General Corporation (NYSE:DG – Free Report) by 89.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,598 shares of the company’s stock after selling 62,586 shares during the period. Assenagon Asset Management S.A.’s holdings in Dollar General were worth $1,009,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Caldwell Trust Co purchased a new stake in Dollar General during the 2nd quarter worth $25,000. Elevation Point Wealth Partners LLC purchased a new position in Dollar General in the second quarter valued at about $25,000. Root Financial Partners LLC purchased a new position in Dollar General in the third quarter valued at about $26,000. Peoples Financial Services CORP. acquired a new position in shares of Dollar General during the third quarter worth about $35,000. Finally, Byrne Asset Management LLC lifted its stake in shares of Dollar General by 952.6% during the third quarter. Byrne Asset Management LLC now owns 400 shares of the company’s stock worth $41,000 after purchasing an additional 362 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.
Dollar General Stock Up 0.6%
NYSE:DG opened at $118.56 on Wednesday. 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 company has a market capitalization of $26.11 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 1.90 and a beta of 0.23. Dollar General Corporation has a one year low of $84.70 and a one year high of $158.23. The stock has a 50-day simple moving average of $141.99 and a 200 day simple moving average of $125.05.
Dollar General Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th will be paid a dividend of $0.59 per share. The ex-dividend date is 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%.
Trending Headlines about Dollar General
Here are the key news stories impacting Dollar General this week:
- Positive Sentiment: Project Elevate continues to drive sales: research and reporting say Dollar General’s Project Elevate is producing ~3% comparable-store lifts by upgrading layouts and merchandising at a large portion of the chain — supporting higher sales productivity without full-store remodel costs. How Project Elevate Is Driving 3% Comp Lifts for Dollar General Stores
- Positive Sentiment: Store growth: a local report notes another Dollar General opened in Blair County, illustrating ongoing unit expansion that supports revenue growth and geographic penetration. Another Dollar General opens in Blair County
- Neutral Sentiment: Management hires: Dollar General announced five vice‑president appointments — routine leadership moves that signal investment in operations and category leadership but are not expected to materially change near‑term fundamentals. Dollar General makes VP appointments Dollar General Announces Five Vice President Appointments
- Negative Sentiment: Competitive backdrop: coverage of Costco’s aggressive warehouse expansion highlights pressure from larger-format competitors that can erode share or margin in some markets; investors may view this as a long-term competitive consideration. Costco’s Warehouse Expansion Plans Signal Long-Term Growth Engine
- Negative Sentiment: Short-term underperformance vs. the market: an analyst note points out DG is sitting out the broad market rally and was trading below the session leaders, which can pressure sentiment and cap short-term gains despite positive operational news. Target This Discount Retail Stock Next Month
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on DG shares. Oppenheimer increased their target price on Dollar General from $145.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Piper Sandler boosted their price target on Dollar General from $132.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, March 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Dollar General in a research report on Thursday, March 12th. Telsey Advisory Group reiterated a “market perform” rating and set a $140.00 price objective on shares of Dollar General in a research note on Tuesday, March 24th. Finally, Truist Financial set a $139.00 target price on shares of Dollar General in a research report on Thursday, March 12th. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $145.33.
Check Out Our Latest Stock Analysis on Dollar General
Dollar General Company 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.
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