Dollar General Corporation $DG Shares Sold by ACR Alpine Capital Research LLC

Key Points

• ACR Alpine Capital Research cut its Dollar General stake by 57.2% in the first quarter, selling 1.5 million shares and leaving it with 1.12 million shares worth about $133.3 million.
• Dollar General reported better-than-expected quarterly earnings of $2.00 per share, topping estimates, while revenue rose 3.4% year over year to $10.79 billion.
• The company also announced a quarterly dividend of $0.59 per share, equal to an annualized yield of about 2.0%, and analysts currently have an average Hold rating with a consensus price target of $131.27.

ACR Alpine Capital Research LLC lowered its holdings in Dollar General Corporation (NYSE:DG - Free Report) by 57.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,122,565 shares of the company's stock after selling 1,503,046 shares during the quarter. Dollar General accounts for 2.0% of ACR Alpine Capital Research LLC's holdings, making the stock its 16th largest holding. ACR Alpine Capital Research LLC owned 0.51% of Dollar General worth $133,282,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Life Cycle Investment Partners Ltd acquired a new stake in shares of Dollar General during the 4th quarter worth about $363,299,000. AQR Capital Management LLC lifted its position in Dollar General by 416.4% in the third quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company's stock valued at $259,759,000 after buying an additional 2,036,573 shares during the last quarter. Bessemer Group Inc. boosted its stake in Dollar General by 24,882.5% during the fourth quarter. Bessemer Group Inc. now owns 1,694,315 shares of the company's stock worth $224,953,000 after buying an additional 1,687,533 shares during the period. Morgan Stanley boosted its stake in Dollar General by 35.0% during the fourth quarter. Morgan Stanley now owns 6,270,333 shares of the company's stock worth $832,513,000 after buying an additional 1,624,748 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Dollar General by 2,208.2% during the first quarter. SG Americas Securities LLC now owns 1,554,918 shares of the company's stock valued at $184,615,000 after acquiring an additional 1,487,554 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Stock Performance

Shares of DG stock opened at $118.91 on Friday. The company has a quick ratio of 0.25, a current ratio of 1.17 and a debt-to-equity ratio of 0.52. Dollar General Corporation has a 52 week low of $95.11 and a 52 week high of $158.23. The stock has a market capitalization of $26.23 billion, a PE ratio of 16.82, a P/E/G ratio of 1.76 and a beta of 0.25. The firm has a 50 day moving average of $111.09 and a two-hundred day moving average of $128.01.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $2.00 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 business had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. The company's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.78 earnings per share. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. On average, research analysts predict that Dollar General Corporation will post 7.38 EPS for the current fiscal year.

Dollar General Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on DG. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Dollar General from $110.00 to $114.00 and gave the company a "hold" rating in a research note on Thursday, June 4th. Rothschild & Co Redburn dropped their target price on shares of Dollar General from $111.00 to $90.00 and set a "sell" rating for the company in a report on Monday, May 18th. Piper Sandler cut their target price on Dollar General from $133.00 to $118.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 3rd. Wall Street Zen cut Dollar General from a "buy" rating to a "hold" rating in a research note on Saturday, April 4th. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $149.00 price target on shares of Dollar General in a research report on Wednesday, June 3rd. Ten research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $131.27.

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.

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