Royal Bank of Canada Has $323.36 Million Stake in Dollar General Corporation $DG

Royal Bank of Canada grew its stake in shares of Dollar General Corporation (NYSE:DG) by 0.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 2,723,506 shares of the company’s stock after acquiring an additional 20,366 shares during the quarter. Royal Bank of Canada’s holdings in Dollar General were worth $323,362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac bought a new stake in Dollar General during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Dollar General by 4,550.0% during the 4th 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 in the last quarter. Evergreen Advisors LLC acquired a new stake in shares of Dollar General during the 1st quarter valued at $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 acquiring an additional 79 shares during the last quarter. Finally, Reflection Asset Management acquired a new position in Dollar General in the 4th quarter worth about $28,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of DG stock opened at $128.63 on Thursday. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23. The firm has a 50-day moving average of $114.82 and a 200-day moving average of $126.59. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25. The company has a market cap of $28.37 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.92 and a beta of 0.25.

Dollar General (NYSE:DG) last announced its earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The firm had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter in the previous year, the business earned $1.78 EPS. The company’s 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. Equities research analysts forecast that Dollar General Corporation will post 7.38 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, July 7th. Dollar General’s payout ratio is presently 33.38%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DG. Morgan Stanley dropped their target price on Dollar General from $150.00 to $132.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Freedom Capital cut Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Raymond James Financial reissued an “outperform” rating and set a $145.00 target price on shares of Dollar General in a research note on Wednesday, June 3rd. Rothschild & Co Redburn lowered their price objective on shares of Dollar General from $111.00 to $90.00 and set a “sell” rating for the company in a research note on Monday, May 18th. 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 research report on Tuesday, June 2nd. Ten research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $131.27.

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.