Magellan Asset Management Ltd Sells 139,447 Shares of Dollar General Corporation $DG

Magellan Asset Management Ltd trimmed its position in shares of Dollar General Corporation (NYSE:DG) by 20.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 545,445 shares of the company’s stock after selling 139,447 shares during the period. Magellan Asset Management Ltd’s holdings in Dollar General were worth $72,419,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. BOKF NA lifted its position in shares of Dollar General by 15.2% during the fourth quarter. BOKF NA now owns 554 shares of the company’s stock valued at $74,000 after buying an additional 73 shares during the last quarter. Optimize Financial Inc lifted its position in shares of Dollar General by 1.4% during the fourth quarter. Optimize Financial Inc now owns 5,550 shares of the company’s stock valued at $737,000 after buying an additional 76 shares during the last quarter. Tevis Investment Management lifted its position in shares of Dollar General by 0.5% during the third quarter. Tevis Investment Management now owns 16,655 shares of the company’s stock valued at $1,721,000 after buying an additional 77 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in shares of Dollar General by 1.7% during the fourth quarter. Frank Rimerman Advisors LLC now owns 4,628 shares of the company’s stock valued at $614,000 after buying an additional 77 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Dollar General by 69.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock valued at $26,000 after buying an additional 79 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Performance

Shares of Dollar General stock opened at $103.49 on Friday. The firm has a market capitalization of $22.83 billion, a P/E ratio of 14.64, a PEG ratio of 1.67 and a beta of 0.26. The company has a quick ratio of 0.22, a current ratio of 1.17 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average price of $114.17 and a 200 day moving average price of $128.73. Dollar General Corporation has a 52 week low of $95.11 and a 52 week high of $158.23.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.89 by $0.11. The firm had revenue of $10.79 billion during the quarter, compared to analyst estimates of $10.81 billion. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. Dollar General’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $1.78 EPS. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Sell-side analysts expect that Dollar General Corporation will post 7.31 EPS for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, July 7th. Dollar General’s dividend payout ratio (DPR) is presently 34.45%.

Analysts Set New Price Targets

Several research firms have commented on DG. HSBC decreased their price target on shares of Dollar General from $141.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday. Sanford C. Bernstein reissued an “outperform” rating and set a $149.00 price target on shares of Dollar General in a research report on Wednesday. Truist Financial increased their price target on shares of Dollar General from $109.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday. Piper Sandler decreased their price target on shares of Dollar General from $133.00 to $118.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dollar General in a research report on Friday, April 10th. Ten 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $131.27.

Key Dollar General News

Here are the key news stories impacting Dollar General this week:

• Positive Sentiment: Dollar General’s first-quarter results were solid, with earnings per share beating estimates and management lifting its full-year outlook. The company also highlighted stronger traffic, margin expansion, inventory discipline and cost control, which supports the case that operational improvements are taking hold.
• Positive Sentiment: Yardeni Research pointed to Dollar General as one of the consumer companies that delivered strong results, noting that it attracted more six-figure households and raised its EPS target, suggesting the chain may be gaining share with higher-income shoppers as well as value-focused customers. Article: Why Walmart and Other Consumer Stocks Aren’t Getting the Gains They Deserve
• Positive Sentiment: Several analysts still see upside or remain constructive, including KeyCorp raising earnings estimates and UBS reiterating a Buy rating, indicating Wall Street is not uniformly bearish on the name.
• Neutral Sentiment: Dollar General’s stock has been in a weak stretch recently, so some of the latest headlines are reflecting a broader valuation reset rather than a fresh fundamental shock.
• Negative Sentiment: Sentiment was dented by a wave of analyst target cuts from firms including Citi, Goldman Sachs, BNP Paribas, HSBC, Evercore, Guggenheim, Telsey and Daiwa, which suggests expectations for the stock have come down even after the earnings beat.
• Negative Sentiment: Freedom Capital downgraded Dollar General from strong-buy to hold, and the stock is also facing scrutiny around the CEO exit, adding a leadership overhang at a time when investors want more clarity on the turnaround.

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.