Burney Co. Takes Position in Dollar General Corporation $DG

Burney Co. acquired a new position in Dollar General Corporation (NYSE:DGFree Report) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 8,424 shares of the company’s stock, valued at approximately $1,000,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Dollar General by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock worth $2,314,000 after buying an additional 1,185 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Dollar General by 12.3% during the 1st quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock worth $919,000 after acquiring an additional 1,148 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Dollar General by 40.7% during the 1st quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock worth $1,634,000 after acquiring an additional 5,373 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Dollar General in the second quarter worth $211,000. Finally, Jump Financial LLC purchased a new position in Dollar General in the second quarter worth $209,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Performance

Shares of DG stock opened at $114.85 on Thursday. The company has a market capitalization of $25.34 billion, a P/E ratio of 16.25, a PEG ratio of 1.76 and a beta of 0.25. Dollar General Corporation has a fifty-two week low of $95.11 and a fifty-two week high of $158.23. 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 stock has a 50 day moving average price of $110.99 and a two-hundred day moving average price of $128.23.

Dollar General (NYSE:DGGet Free Report) last issued its earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.11. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. The firm had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same quarter last year, the business earned $1.78 earnings per share. The business’s 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. Analysts expect that Dollar General Corporation will post 7.38 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be given a $0.59 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.1%. Dollar General’s payout ratio is presently 33.38%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DG. Wall Street Zen downgraded Dollar General from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Morgan Stanley reduced their price objective on Dollar General from $150.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd. BMO Capital Markets decreased their price objective on Dollar General from $135.00 to $120.00 and set a “market perform” rating on the stock in a report on Wednesday, June 3rd. Citigroup dropped their target price 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. Finally, Gordon Haskett lowered Dollar General from a “buy” rating to a “hold” rating and cut their target price for the stock from $140.00 to $110.00 in a research note on Friday, May 22nd. Ten investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $131.27.

Read Our Latest Research Report on Dollar General

Dollar General News Summary

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Dollar General Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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