Dollar General Corporation $DG Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in shares of Dollar General Corporation (NYSE:DG) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,323,070 shares of the company’s stock after selling 42,552 shares during the quarter. Bank of New York Mellon Corp’s holdings in Dollar General were worth $157,088,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. Raymond James Financial reiterated an “outperform” rating and set a $145.00 price objective on shares of Dollar General in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft upped their target price on Dollar General from $110.00 to $114.00 and gave the stock a “hold” rating in a research report on Thursday, June 4th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $149.00 price target on shares of Dollar General in a research note on Wednesday, June 3rd. Telsey Advisory Group reduced their price target on Dollar General from $140.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, June 3rd. Finally, Truist Financial boosted their price target on Dollar General from $109.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Ten investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $131.27.

Dollar General Stock Up 0.1%

Shares of DG stock opened at $125.92 on Monday. The stock has a market cap of $27.78 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 1.91 and a beta of 0.25. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23. The stock has a fifty day moving average price of $111.86 and a 200 day moving average price of $127.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The company had revenue of $10.79 billion during the quarter, compared to analysts’ expectations 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 was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 EPS. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Analysts predict that Dollar General Corporation will post 7.38 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a yield of 1.9%. Dollar General’s dividend payout ratio (DPR) is currently 33.38%.

Dollar General Company 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.