Sprucegrove Investment Management Ltd. Sells 25,100 Shares of Dollar General Corporation $DG

Sprucegrove Investment Management Ltd. lowered its stake in Dollar General Corporation (NYSE:DG) by 38.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,610 shares of the company’s stock after selling 25,100 shares during the quarter. Dollar General makes up 0.6% of Sprucegrove Investment Management Ltd.’s investment portfolio, making the stock its 18th largest position. Sprucegrove Investment Management Ltd.’s holdings in Dollar General were worth $5,392,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Dollar General by 2.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,762 shares of the company’s stock valued at $4,350,000 after buying an additional 641 shares during the period. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Dollar General in the fourth quarter worth about $499,000. CENTRAL TRUST Co boosted its position in shares of Dollar General by 3.0% in the fourth quarter. CENTRAL TRUST Co now owns 4,517 shares of the company’s stock valued at $600,000 after acquiring an additional 131 shares during the period. Strs Ohio grew its stake in Dollar General by 7.1% during the fourth quarter. Strs Ohio now owns 525,462 shares of the company’s stock valued at $69,766,000 after acquiring an additional 34,910 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS purchased a new position in Dollar General during the fourth quarter valued at approximately $246,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DG. Piper Sandler increased their target price on shares of Dollar General from $132.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, March 13th. Morgan Stanley reduced their price target on shares of Dollar General from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $140.00 price target on shares of Dollar General in a report on Tuesday, March 24th. Wolfe Research reiterated an “outperform” rating and issued a $165.00 price objective on shares of Dollar General in a research report on Thursday, March 12th. Finally, Sanford C. Bernstein reduced their target price on Dollar General from $150.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. Thirteen research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average target price of $146.54.

Dollar General Price Performance

DG stock opened at $116.96 on Wednesday. The firm has a 50 day simple moving average of $129.37 and a two-hundred day simple moving average of $128.01. The stock has a market cap of $25.76 billion, a PE ratio of 17.07, a P/E/G ratio of 1.85 and a beta of 0.28. Dollar General Corporation has a one year low of $86.25 and a one year high of $158.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.13 and a quick ratio of 0.22.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 12th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.36. Dollar General had a net margin of 3.54% and a return on equity of 18.66%. The firm had revenue of $10.91 billion for the quarter, compared to analysts’ expectations of $10.78 billion. During the same quarter last year, the company posted $0.87 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.100-7.35 EPS. On average, analysts predict that Dollar General Corporation will post 7.29 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th were 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 was Tuesday, April 7th. Dollar General’s dividend payout ratio (DPR) is currently 34.45%.

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.