Dollar General Corporation $DG Shares Sold by Assetmark Inc.

Assetmark Inc. cut its position in shares of Dollar General Corporation (NYSE:DG) by 9.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,934 shares of the company’s stock after selling 5,080 shares during the quarter. Assetmark Inc.’s holdings in Dollar General were worth $5,929,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Life Cycle Investment Partners Ltd acquired a new stake in shares of Dollar General during the 4th quarter valued at $363,299,000. AQR Capital Management LLC grew its holdings in Dollar General by 416.4% during the third quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock valued at $259,759,000 after purchasing an additional 2,036,573 shares during the last quarter. Bessemer Group Inc. raised its holdings in Dollar General by 24,882.5% in the 4th quarter. Bessemer Group Inc. now owns 1,694,315 shares of the company’s stock worth $224,953,000 after acquiring an additional 1,687,533 shares during the period. Morgan Stanley raised its stake in Dollar General by 35.0% during the 4th quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock valued at $832,513,000 after purchasing an additional 1,624,748 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Dollar General by 2,208.2% in the 1st quarter. SG Americas Securities LLC now owns 1,554,918 shares of the company’s stock worth $184,615,000 after acquiring an additional 1,487,554 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

NYSE:DG opened at $123.28 on Wednesday. The stock has a market cap of $27.19 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 1.90 and a beta of 0.25. Dollar General Corporation has a 1-year low of $95.11 and a 1-year high of $158.23. The stock’s 50-day moving average is $112.67 and its 200-day moving average is $127.36. The company has a current ratio of 1.17, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The company had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same period in the previous year, the firm earned $1.78 earnings per share. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Equities research analysts anticipate that Dollar General Corporation will post 7.38 earnings per share for the current year.

Dollar General Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DG shares. Piper Sandler dropped their price objective on shares of Dollar General from $133.00 to $118.00 and set a “neutral” rating for the company in a report on Wednesday, June 3rd. Gordon Haskett downgraded Dollar General from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $140.00 to $110.00 in a report on Friday, May 22nd. Rothschild & Co Redburn lowered their price target on Dollar General from $111.00 to $90.00 and set a “sell” rating on the stock in a research report on Monday, May 18th. Loop Capital raised their target price on shares of Dollar General from $110.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, June 3rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $149.00 price target on shares of Dollar General in a research report on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average price target of $131.27.

Dollar General 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.