Russell Investments Group Ltd. Purchases 1,290,747 Shares of Dollar General Corporation $DG

Russell Investments Group Ltd. boosted its position in Dollar General Corporation (NYSE:DG) by 94.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,656,152 shares of the company’s stock after acquiring an additional 1,290,747 shares during the quarter. Russell Investments Group Ltd.’s holdings in Dollar General were worth $317,623,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Evergreen Advisors LLC acquired a new position in Dollar General during the 1st quarter worth approximately $25,000. Provenance Wealth Advisors LLC purchased a new stake in shares of Dollar General in the 3rd quarter valued at approximately $25,000. Reyes Financial Architecture Inc. purchased a new stake in shares of Dollar General in the 3rd quarter valued at approximately $30,000. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Dollar General in the 3rd quarter valued at $32,000. Finally, Nvwm LLC raised its holdings in shares of Dollar General by 2,780.0% in the 3rd quarter. Nvwm LLC now owns 288 shares of the company’s stock valued at $34,000 after purchasing an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Down 2.0%

NYSE DG opened at $134.68 on Friday. The firm’s fifty day moving average price is $128.23 and its 200 day moving average price is $125.56. Dollar General Corporation has a 12 month low of $99.50 and a 12 month high of $158.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.21 and a quick ratio of 0.31. The company has a market capitalization of $29.71 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 1.83 and a beta of 0.19.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 27th. The company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.47. Dollar General had a net margin of 3.90% and a return on equity of 18.93%. The firm had revenue of $11.29 billion during the quarter, compared to analysts’ expectations of $11.20 billion. During the same period in the previous year, the company earned $1.86 earnings per share. Dollar General’s quarterly revenue was up 5.2% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. On average, sell-side analysts expect that Dollar General Corporation will post 7.70 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, October 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.8%. Dollar General’s payout ratio is 30.69%.

Analyst Upgrades and Downgrades

DG has been the subject of several recent analyst reports. Argus lifted their price objective on shares of Dollar General from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Oppenheimer reissued an “outperform” rating and issued a $150.00 target price on shares of Dollar General in a report on Tuesday, August 25th. Piper Sandler increased their target price on Dollar General from $118.00 to $123.00 and gave the company a “neutral” rating in a report on Friday, August 28th. The Goldman Sachs Group raised their price target on Dollar General from $128.00 to $141.00 and gave the company a “neutral” rating in a research note on Friday, August 28th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dollar General in a report on Friday, August 28th. Thirteen analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $137.96.

About Dollar General

Dollar General Corporation is an American discount retailer that operates neighborhood stores offering everyday essentials at value-oriented prices. Its merchandise includes food and household supplies, cleaning products, health and beauty items, seasonal goods, apparel, and home products, with a mix of national brands and private-label products. The company traces its roots to J.L. Turner & Son, a family-owned business established in 1939. The first store operating under the Dollar General name opened in Springfield, Kentucky, in 1955.