Cornerstone Wealth Group LLC Lowers Stock Position in Dollar General Corporation $DG

Cornerstone Wealth Group LLC lowered its position in Dollar General Corporation (NYSE:DG) by 35.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,017 shares of the company’s stock after selling 34,887 shares during the period. Cornerstone Wealth Group LLC’s holdings in Dollar General were worth $7,821,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of DG. Calamos Advisors LLC raised its stake in shares of Dollar General by 32.9% during the 4th quarter. Calamos Advisors LLC now owns 245,473 shares of the company’s stock worth $32,591,000 after buying an additional 60,746 shares during the period. Park Capital Management LLC WI purchased a new position in shares of Dollar General during the 4th quarter valued at approximately $1,245,000. Geode Capital Management LLC grew its stake in Dollar General by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock valued at $754,857,000 after acquiring an additional 42,936 shares during the period. Norges Bank purchased a new stake in Dollar General in the 4th quarter worth $133,431,000. Finally, Dana Investment Advisors Inc. increased its holdings in Dollar General by 36.0% in the 4th quarter. Dana Investment Advisors Inc. now owns 39,170 shares of the company’s stock worth $5,201,000 after acquiring an additional 10,370 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Price Performance

Dollar General stock opened at $119.45 on Friday. The company has a fifty day simple moving average of $112.07 and a 200-day simple moving average of $129.09. The firm has a market capitalization of $26.35 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.82 and a beta of 0.26. The company has a quick ratio of 0.25, a current ratio of 1.17 and a debt-to-equity ratio of 0.52. Dollar General Corporation has a 52-week low of $95.11 and a 52-week high of $158.23.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate 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 net margin of 3.63% and a return on equity of 18.65%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $1.78 earnings per share. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. On average, equities analysts anticipate that Dollar General Corporation will post 7.38 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, July 7th. Dollar General’s dividend payout ratio (DPR) is 33.38%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DG. KeyCorp reaffirmed a “sector weight” rating on shares of Dollar General in a report on Friday, March 13th. HSBC cut their target price on shares of Dollar General from $141.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, June 3rd. Oppenheimer decreased their price target on shares of Dollar General from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, May 29th. Wolfe Research reiterated an “outperform” rating and issued a $165.00 price objective on shares of Dollar General in a report on Thursday, March 12th. Finally, Telsey Advisory Group cut their price objective on Dollar General from $140.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, June 3rd. Ten research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $131.27.

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.