Oppenheimer Asset Management Inc. Takes Position in Dollar General Corporation $DG

Oppenheimer Asset Management Inc. acquired a new position in shares of Dollar General Corporation (NYSE:DG) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 292,319 shares of the company’s stock, valued at approximately $33,649,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Dollar General by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company’s stock valued at $3,625,822,000 after acquiring an additional 412,542 shares in the last quarter. State Street Corp grew its holdings in Dollar General by 0.5% during the 4th quarter. State Street Corp now owns 11,017,002 shares of the company’s stock worth $1,462,727,000 after acquiring an additional 53,624 shares in the last quarter. Morgan Stanley grew its holdings in Dollar General by 35.0% during the 4th quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock worth $832,513,000 after acquiring an additional 1,624,748 shares in the last quarter. Geode Capital Management LLC grew its holdings in Dollar General by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock worth $754,857,000 after acquiring an additional 42,936 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Dollar General by 47.9% in the 4th quarter. AQR Capital Management LLC now owns 3,734,500 shares of the company’s stock valued at $495,830,000 after purchasing an additional 1,208,892 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DG. Jefferies Financial Group reduced their price objective on shares of Dollar General from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Morgan Stanley lowered their target price on shares of Dollar General from $150.00 to $132.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. Gordon Haskett lowered Dollar General from a “buy” rating to a “hold” rating and dropped their target price for the company from $140.00 to $110.00 in a report on Friday, May 22nd. BMO Capital Markets cut their price target on Dollar General from $135.00 to $120.00 and set a “market perform” rating on the stock in a research note on Wednesday, June 3rd. Finally, Loop Capital lifted their price target on Dollar General from $110.00 to $115.00 and gave the stock a “hold” rating in a report on Wednesday, June 3rd. Ten research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $130.42.

Dollar General Stock Up 1.0%

Dollar General stock opened at $123.30 on Friday. The company has a market capitalization of $27.20 billion, a P/E ratio of 17.44, a PEG ratio of 1.86 and a beta of 0.23. 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 Corporation has a fifty-two week low of $95.11 and a fifty-two week high of $158.23. The stock has a 50-day simple moving average of $119.31 and a 200-day simple moving average of $124.80.

Dollar General (NYSE:DG) last released its quarterly 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 firm had revenue of $10.79 billion for 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 firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.78 EPS. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Equities research analysts expect that Dollar General Corporation will post 7.38 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, July 7th. Dollar General’s dividend payout ratio is presently 33.38%.

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.