Bessemer Group Inc. Sells 573,885 Shares of Dollar General Corporation $DG

Bessemer Group Inc. lowered its position in shares of Dollar General Corporation (NYSE:DG) by 33.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,120,430 shares of the company’s stock after selling 573,885 shares during the period. Bessemer Group Inc. owned about 0.51% of Dollar General worth $133,028,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Dollar General by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company’s stock worth $3,625,822,000 after purchasing an additional 412,542 shares in the last quarter. State Street Corp raised its stake in Dollar General by 0.5% during the fourth quarter. State Street Corp now owns 11,017,002 shares of the company’s stock valued at $1,462,727,000 after buying an additional 53,624 shares during the last quarter. Morgan Stanley boosted its holdings in Dollar General by 35.0% in the fourth quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock worth $832,513,000 after acquiring an additional 1,624,748 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Dollar General by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock worth $754,857,000 after acquiring an additional 42,936 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Dollar General by 47.9% during the fourth quarter. AQR Capital Management LLC now owns 3,734,500 shares of the company’s stock valued at $495,830,000 after acquiring an additional 1,208,892 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

Dollar General stock opened at $125.92 on Friday. Dollar General Corporation has a 52-week low of $95.11 and a 52-week high of $158.23. The company has a quick ratio of 0.25, a current ratio of 1.17 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average is $111.86 and its 200 day moving average is $127.58. The company has a market cap of $27.78 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 1.93 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, beating the consensus estimate of $1.89 by $0.11. The business 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 business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 earnings per share. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Sell-side analysts forecast that Dollar General Corporation will post 7.38 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 7th. This represents a $2.36 annualized dividend and a dividend yield of 1.9%. Dollar General’s dividend payout ratio is 33.38%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Morgan Stanley lowered their price target on Dollar General from $150.00 to $132.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Evercore reduced their price target on shares of Dollar General from $145.00 to $140.00 in a research note on Wednesday, June 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dollar General in a research report on Wednesday, July 8th. Jefferies Financial Group lowered their price target on Dollar General from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Citigroup reduced their price objective on Dollar General from $138.00 to $116.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. Ten research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus 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.