61,458 Dollar General Corporation $DG Shares Sold by Smith Group Asset Management LLC

Key Points

• Smith Group Asset Management reduced its Dollar General stake by 21.1%, selling 61,458 shares and retaining 229,806 shares valued at approximately $27.5 million. Institutional investors and hedge funds collectively own 91.77% of the company.
• Dollar General reported quarterly earnings of $2.48 per share, exceeding estimates of $2.01, while revenue rose 5.2% year over year to $11.29 billion. The company also declared a quarterly dividend of $0.59 per share, representing a 1.9% yield.
• Analysts maintain a generally cautious outlook, with a consensus rating of “Hold” and an average price target of $137.96 versus the stock’s $126.10 price. Investor sentiment is also being affected by an FTC and 20-state lawsuit alleging consumer overcharges and inadequate price inspections, claims Dollar General denies.

Smith Group Asset Management LLC lowered its stake in Dollar General Corporation (NYSE:DG - Free Report) by 21.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 229,806 shares of the company's stock after selling 61,458 shares during the quarter. Dollar General makes up approximately 1.8% of Smith Group Asset Management LLC's investment portfolio, making the stock its 25th largest position. Smith Group Asset Management LLC owned 0.10% of Dollar General worth $27,480,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Dollar General by 6.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,868,239 shares of the company's stock valued at $340,546,000 after purchasing an additional 167,546 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Dollar General by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,800,145 shares of the company's stock valued at $332,443,000 after purchasing an additional 75,323 shares during the last quarter. Royal Bank of Canada lifted its stake in Dollar General by 0.8% in the 1st quarter. Royal Bank of Canada now owns 2,723,506 shares of the company's stock valued at $323,362,000 after purchasing an additional 20,366 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Dollar General in the 2nd quarter valued at approximately $162,412,000. Finally, Renaissance Technologies LLC lifted its stake in Dollar General by 121.3% in the 1st quarter. Renaissance Technologies LLC now owns 704,204 shares of the company's stock valued at $83,610,000 after purchasing an additional 386,000 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Down 0.6%

NYSE:DG opened at $126.10 on Thursday. The firm's 50 day simple moving average is $125.95 and its 200 day simple moving average is $126.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.21 and a quick ratio of 0.31. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23. The company has a market cap of $27.82 billion, a PE ratio of 16.40, a P/E/G ratio of 1.81 and a beta of 0.23.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported $2.48 earnings per share for the quarter, topping analysts' consensus estimates of $2.01 by $0.47. Dollar General had a net margin of 3.90% and a return on equity of 18.93%. The firm had revenue of $11.29 billion for the quarter, compared to analyst estimates of $11.20 billion. During the same period in the previous year, the firm posted $1.86 EPS. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. On average, research analysts anticipate that Dollar General Corporation will post 7.69 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, October 6th. Dollar General's payout ratio is 30.69%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Guggenheim reiterated a "buy" rating and set a $140.00 price target on shares of Dollar General in a report on Monday, August 31st. Oppenheimer reiterated an "outperform" rating and issued a $150.00 price target on shares of Dollar General in a research note on Tuesday, August 25th. Telsey Advisory Group raised their price objective on Dollar General from $125.00 to $140.00 and gave the company a "market perform" rating in a report on Friday, August 28th. The Goldman Sachs Group boosted their price objective on Dollar General from $128.00 to $141.00 and gave the stock a "neutral" rating in a research report on Friday, August 28th. Finally, Argus upped their target price on Dollar General from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, September 4th. Twelve research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Dollar General presently has an average rating of "Hold" and a consensus price target of $137.96.

Dollar General News Roundup

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

• Positive Sentiment: Dollar General rejected the allegations, calling the FTC’s case a “farce” and saying the claims are fundamentally untrue. The company also disputes the regulators’ estimates of potential overcharges and plans to defend itself. Dollar General asserts 20-state FTC lawsuit it's facing is a farce
• Positive Sentiment: JPMorgan raised its price target for DG to $178 from $176, providing a bullish signal that the firm continues to see longer-term upside despite the recent controversy. JPMorgan Adjusts Price Target on Dollar General to $178 From $176
• Neutral Sentiment: Separate coverage has highlighted broad traffic growth and ongoing investor debate over whether DG is undervalued. Those potential valuation supports are being weighed against the immediate legal and reputational risks. Is Broad Traffic Growth Keeping Dollar General in the Spotlight?
• Negative Sentiment: The FTC and attorneys general from 20 states sued Dollar General, citing thousands of failed price inspections, nearly 30,000 consumer complaints, and allegations that the company overcharged shoppers—particularly lower-income customers. The action could result in penalties, added compliance costs, and damage to DG’s low-price brand promise. FTC and 20 states sue Dollar General
• Negative Sentiment: The lawsuit follows a roughly $1.9 million New York settlement and has prompted reports of additional shareholder investigations. The legal escalation is weighing on sentiment and raises questions about customer trust, regulatory oversight, and future financial exposure. FTC, 20 states sue Dollar General for allegedly overcharging shoppers

About Dollar General

Dollar General Corporation NYSE: DG is a discount retailer that operates stores offering everyday essentials at value-oriented prices. Its merchandise typically includes consumable products such as food, beverages, cleaning supplies, paper products, and personal-care items, along with seasonal goods, basic apparel, home products, and select health and beauty items.

The company primarily serves communities across the United States through a large network of neighborhood-focused stores, including locations in rural and suburban markets.

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