Cornerstone Wealth Group LLC Reduces Stake in Dollar General Corporation $DG

Cornerstone Wealth Group LLC cut its stake in Dollar General Corporation (NYSE:DG) by 35.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,017 shares of the company’s stock after selling 34,887 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Dollar General were worth $7,821,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Fideuram Asset Management Ireland dac purchased a new stake in shares of Dollar General in the fourth quarter valued at about $25,000. Caitong International Asset Management Co. Ltd raised its stake in Dollar General by 4,550.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company’s stock worth $25,000 after purchasing an additional 182 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Dollar General by 69.3% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock valued at $26,000 after purchasing an additional 79 shares during the last quarter. Reflection Asset Management purchased a new stake in shares of Dollar General in the 4th quarter valued at approximately $28,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Dollar General in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DG. Oppenheimer reduced 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 report on Friday, May 29th. Daiwa Securities Group lowered their price objective on Dollar General from $136.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, June 4th. Jefferies Financial Group cut their target price on Dollar General from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. UBS Group restated a “buy” rating on shares of Dollar General in a research report on Wednesday, May 27th. Finally, Wall Street Zen lowered Dollar General from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. 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. According to data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $131.27.

Dollar General Stock Performance

Shares of DG stock opened at $119.45 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17. The firm has a market cap of $26.35 billion, a P/E ratio of 16.90, a P/E/G ratio of 1.82 and a beta of 0.26. The firm’s 50 day moving average price is $112.07 and its 200-day moving average price is $129.09. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23.

Dollar General (NYSE:DG) last announced its earnings results 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. 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 quarter in the previous year, the company earned $1.78 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. As a group, equities research analysts predict that Dollar General Corporation will post 7.38 EPS for the current year.

Dollar General Dividend Announcement

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