Sierra Summit Advisors LLC Makes New $7.56 Million Investment in Dollar General Corporation $DG

Sierra Summit Advisors LLC acquired a new position in Dollar General Corporation (NYSE:DGFree Report) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 56,918 shares of the company’s stock, valued at approximately $7,557,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC purchased a new position in Dollar General in the third quarter worth $26,000. Eastern Bank purchased a new position in Dollar General in the fourth quarter worth $35,000. Flagship Harbor Advisors LLC purchased a new position in Dollar General in the fourth quarter worth $36,000. First Horizon Corp boosted its position in Dollar General by 74.4% in the fourth quarter. First Horizon Corp now owns 340 shares of the company’s stock worth $45,000 after purchasing an additional 145 shares during the last quarter. Finally, Rialto Wealth Management LLC boosted its position in Dollar General by 427.3% in the fourth quarter. Rialto Wealth Management LLC now owns 348 shares of the company’s stock worth $46,000 after purchasing an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

More Dollar General News

Here are the key news stories impacting Dollar General this week:

Dollar General Stock Performance

NYSE:DG opened at $104.53 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.22 and a current ratio of 1.13. Dollar General Corporation has a 52-week low of $95.11 and a 52-week high of $158.23. The firm has a market cap of $23.02 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 1.67 and a beta of 0.28. The business’s fifty day moving average is $119.58 and its 200 day moving average is $128.31.

Dollar General (NYSE:DGGet Free Report) last released its quarterly earnings data on Thursday, March 12th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.36. Dollar General had a return on equity of 18.66% and a net margin of 3.54%.The company had revenue of $10.91 billion for the quarter, compared to analyst estimates of $10.78 billion. During the same period in the previous year, the company posted $0.87 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.100-7.35 EPS. Research analysts predict that Dollar General Corporation will post 7.28 EPS for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, April 7th. Dollar General’s payout ratio is presently 34.45%.

Wall Street Analyst Weigh In

DG has been the topic of several research analyst reports. Truist Financial set a $139.00 price objective on Dollar General in a research report on Thursday, March 12th. Loop Capital boosted their target price on Dollar General from $120.00 to $145.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Sanford C. Bernstein lowered their target price on Dollar General from $150.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 25th. Rothschild & Co Redburn lowered their target price on Dollar General from $111.00 to $90.00 and set a “sell” rating on the stock in a research note on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dollar General in a research note on Friday, April 10th. Thirteen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus target price of $143.62.

Read Our Latest Research Report on DG

Dollar General Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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