Saudi Central Bank Has $1.77 Million Stake in Dollar General Corporation $DG

Saudi Central Bank boosted its holdings in shares of Dollar General Corporation (NYSE:DG) by 89.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,416 shares of the company’s stock after buying an additional 7,291 shares during the period. Saudi Central Bank’s holdings in Dollar General were worth $1,775,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DG. Fideuram Asset Management Ireland dac bought a new position in Dollar General during the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd lifted its position 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 worth $25,000 after buying an additional 182 shares during the period. Evergreen Advisors LLC bought a new stake in Dollar General in the first quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in Dollar General by 69.3% during the fourth 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 in the last quarter. Finally, Reflection Asset Management acquired a new stake in shares of Dollar General during the 4th quarter worth about $28,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DG shares. Oppenheimer restated an “outperform” rating and issued a $150.00 price target on shares of Dollar General in a research report on Tuesday, August 25th. Barclays increased their price target on Dollar General from $148.00 to $151.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citigroup lifted their price objective on Dollar General from $116.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, August 28th. Sanford C. Bernstein reissued an “outperform” rating and issued a $160.00 price objective on shares of Dollar General in a research note on Friday, August 28th. Finally, Telsey Advisory Group increased their target price on Dollar General from $125.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, August 28th. Ten analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $135.46.

Dollar General Price Performance

Shares of DG stock opened at $127.63 on Wednesday. The firm’s 50 day moving average price is $123.38 and its two-hundred day moving average price is $122.03. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 1.21. Dollar General Corporation has a 52-week low of $95.11 and a 52-week high of $158.23. The stock has a market cap of $28.16 billion, a PE ratio of 16.60, a PEG ratio of 1.82 and a beta of 0.23.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 27th. The company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.47. The business had revenue of $11.29 billion for the quarter, compared to analyst estimates of $11.20 billion. Dollar General had a return on equity of 18.93% and a net margin of 3.90%.The firm’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned $1.86 EPS. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. As a group, analysts forecast that Dollar General Corporation will post 7.68 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $2.36 annualized dividend and a yield of 1.8%. Dollar General’s dividend payout ratio (DPR) is presently 30.69%.

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.