Hudson Edge Investment Partners Inc. Increases Stake in Dollar General Corporation $DG

Hudson Edge Investment Partners Inc. lifted its holdings in shares of Dollar General Corporation (NYSE:DG) by 13.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 65,192 shares of the company’s stock after purchasing an additional 7,589 shares during the period. Dollar General comprises about 1.1% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 19th biggest position. Hudson Edge Investment Partners Inc.’s holdings in Dollar General were worth $7,740,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Calamos Advisors LLC grew its position in Dollar General by 32.9% during the 4th quarter. Calamos Advisors LLC now owns 245,473 shares of the company’s stock worth $32,591,000 after acquiring an additional 60,746 shares during the last quarter. Park Capital Management LLC WI bought a new stake in Dollar General in the fourth quarter valued at approximately $1,245,000. Geode Capital Management LLC boosted its stake in shares of Dollar General by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock valued at $754,857,000 after purchasing an additional 42,936 shares during the period. Norges Bank purchased a new stake in shares of Dollar General during the fourth quarter valued at approximately $133,431,000. Finally, Pinebridge Investments LLC bought a new position in shares of Dollar General in the fourth quarter worth approximately $11,864,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DG. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Dollar General from $110.00 to $114.00 and gave the stock a “hold” rating in a research note on Thursday, June 4th. Oppenheimer dropped their price target on shares of Dollar General from $170.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Guggenheim cut their price target on shares of Dollar General from $160.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. KeyCorp restated a “sector weight” rating on shares of Dollar General in a research report on Friday, March 13th. Finally, Piper Sandler lowered their price objective 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. 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. According to MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and an average target price of $131.27.

Dollar General Stock Performance

Shares of DG stock opened at $118.19 on Friday. The stock has a fifty day moving average of $111.27 and a 200 day moving average of $128.69. Dollar General Corporation has a 52 week low of $95.11 and a 52 week high of $158.23. The firm has a market capitalization of $26.07 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 1.80 and a beta of 0.25. The company has a quick ratio of 0.25, a current ratio of 1.17 and a debt-to-equity ratio of 0.52.

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

Dollar General Dividend Announcement

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