Dollar General Corporation $DG Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp increased its position in shares of Dollar General Corporation (NYSE:DG) by 300.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,873 shares of the company’s stock after buying an additional 38,170 shares during the quarter. Fifth Third Bancorp’s holdings in Dollar General were worth $6,040,000 as of its most recent SEC filing.

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

Dollar General Price Performance

Shares of DG opened at $127.05 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average is $111.61 and its two-hundred day moving average is $127.59. Dollar General Corporation has a twelve month low of $95.11 and a twelve month high of $158.23. The firm has a market capitalization of $28.03 billion, a PE ratio of 17.97, a P/E/G ratio of 1.84 and a beta of 0.25.

Dollar General (NYSE:DG) last issued its earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. The business had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 EPS. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Research analysts anticipate that Dollar General Corporation will post 7.38 earnings per share for the current 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 given a $0.59 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $2.36 annualized dividend and a yield of 1.9%. Dollar General’s dividend payout ratio is presently 33.38%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DG. Piper Sandler decreased their target price on shares of Dollar General from $133.00 to $118.00 and set a “neutral” rating for the company in a research note on Wednesday, June 3rd. Jefferies Financial Group dropped their price target on Dollar General from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Evercore reduced their price objective on Dollar General from $145.00 to $140.00 in a research note on Wednesday, June 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Dollar General in a research note on Wednesday, July 8th. Finally, Truist Financial boosted their target price on Dollar General from $109.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, June 2nd. Ten research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.