Burney Co. Raises Holdings in Dollar General Corporation $DG

Key Points

• Burney Co. increased its Dollar General stake by 138.5% in the second quarter, owning 20,092 shares valued at approximately $2.31 million. Institutional investors collectively hold 91.77% of the company.
• Analyst sentiment is mixed, with ten Buy, eighteen Hold and one Sell rating; the consensus rating is Hold with a $131.27 price target.
• Dollar General beat quarterly earnings expectations, reporting $2.00 EPS versus the $1.89 consensus, while revenue rose 3.4% year over year to $10.79 billion. The company also pays a $0.59 quarterly dividend, equivalent to a 2.0% yield.

Burney Co. grew its holdings in Dollar General Corporation (NYSE:DG - Free Report) by 138.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,092 shares of the company's stock after purchasing an additional 11,668 shares during the period. Burney Co.'s holdings in Dollar General were worth $2,313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of DG. Calamos Advisors LLC lifted its holdings in Dollar General by 32.9% in the 4th quarter. Calamos Advisors LLC now owns 245,473 shares of the company's stock worth $32,591,000 after buying an additional 60,746 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Dollar General by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company's stock valued at $754,857,000 after acquiring an additional 42,936 shares in the last quarter. Norges Bank purchased a new stake in shares of Dollar General during the fourth quarter worth about $133,431,000. KBC Group NV increased its position in shares of Dollar General by 63.8% during the first quarter. KBC Group NV now owns 60,896 shares of the company's stock worth $7,230,000 after acquiring an additional 23,710 shares during the last quarter. Finally, Pinebridge Investments LLC acquired a new position in shares of Dollar General in the fourth quarter worth about $11,864,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Analysts Set New Price Targets

DG has been the subject of a number of recent analyst reports. Sanford C. Bernstein restated an "outperform" rating and set a $149.00 price objective on shares of Dollar General in a research note on Wednesday, June 3rd. Rothschild & Co Redburn decreased their price target on shares of Dollar General from $111.00 to $90.00 and set a "sell" rating for the company in a research report on Monday, May 18th. Guggenheim dropped their price target on shares of Dollar General from $160.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, June 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Dollar General in a report on Wednesday, July 8th. Finally, Gordon Haskett downgraded shares of Dollar General from a "buy" rating to a "hold" rating and reduced their price objective for the company from $140.00 to $110.00 in a research note on Friday, May 22nd. Ten research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $131.27.

Dollar General Price Performance

Shares of NYSE DG opened at $119.44 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $26.35 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 1.83 and a beta of 0.23. Dollar General Corporation has a twelve month low of $95.11 and a twelve month high of $158.23. The business has a 50 day simple moving average of $118.55 and a 200-day simple moving average of $124.99.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share 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%. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 earnings per share. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. As a group, equities research analysts expect that Dollar General Corporation will post 7.38 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, July 7th. This represents a $2.36 annualized dividend and a yield of 2.0%. Dollar General's dividend payout ratio is 33.38%.

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.

Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corporation (NYSE:DG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source