OP Asset Management Ltd Invests $2.73 Million in Dollar General Corporation $DG

OP Asset Management Ltd acquired a new stake in Dollar General Corporation (NYSE:DG) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 23,013 shares of the company’s stock, valued at approximately $2,732,000.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its position in Dollar General by 4,550.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company’s stock worth $25,000 after purchasing an additional 182 shares during the period. Fideuram Asset Management Ireland dac bought a new stake in shares of Dollar General in the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Dollar General by 69.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock valued at $26,000 after purchasing an additional 79 shares during the period. Reflection Asset Management purchased a new stake in shares of Dollar General during the 4th quarter valued at approximately $28,000. Finally, Kemnay Advisory Services Inc. bought a new position in Dollar General in the 4th quarter worth approximately $31,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Oppenheimer reduced their price objective on shares of Dollar General from $170.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Evercore dropped their target price on Dollar General from $145.00 to $140.00 in a research report on Wednesday, June 3rd. The Goldman Sachs Group cut their price target on Dollar General from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday, June 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Dollar General in a research report on Friday, April 10th. Finally, Wolfe Research reissued an “outperform” rating and set a $165.00 price objective on shares of Dollar General in a report on Thursday, March 12th. Ten investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $131.27.

Dollar General Stock Up 1.6%

Shares of NYSE:DG opened at $119.45 on Friday. Dollar General Corporation has a 52-week low of $95.11 and a 52-week high of $158.23. The firm has a fifty day moving average of $112.07 and a 200 day moving average of $129.09. The firm has a market capitalization of $26.35 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.82 and a beta of 0.26. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17.

Dollar General (NYSE:DG) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The business had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter last year, the business posted $1.78 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. As a group, research analysts anticipate that Dollar General Corporation will post 7.38 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, July 7th. Dollar General’s dividend payout ratio (DPR) is currently 33.38%.

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.