Dollar General Corporation $DG Shares Sold by Amundi

Key Points

• Amundi cut its Dollar General stake by 19.8% in the second quarter, selling 99,461 shares and retaining 402,612 shares valued at approximately $46.3 million.
• Analysts maintain a consensus “Hold” rating on DG, with an average price target of $135.46; ratings include 10 Buys, 18 Holds, and one Sell.
• Dollar General exceeded quarterly earnings expectations, reporting $2.48 in EPS and $11.29 billion in revenue, while declaring a $0.59 quarterly dividend, equivalent to a 1.9% yield.

Amundi reduced its stake in Dollar General Corporation (NYSE:DG - Free Report) by 19.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 402,612 shares of the company's stock after selling 99,461 shares during the quarter. Amundi owned approximately 0.18% of Dollar General worth $46,345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in Dollar General by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company's stock worth $754,857,000 after acquiring an additional 42,936 shares during the period. Norges Bank purchased a new stake in Dollar General in the fourth quarter valued at $133,431,000. KBC Group NV raised its position in Dollar General by 63.8% in the first quarter. KBC Group NV now owns 60,896 shares of the company's stock valued at $7,230,000 after purchasing an additional 23,710 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Dollar General in the 2nd quarter valued at $162,412,000. Finally, Pinebridge Investments LLC acquired a new position in shares of Dollar General in the 4th quarter valued at $11,864,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DG has been the subject of a number of research analyst reports. Jefferies Financial Group lowered their price target on Dollar General from $155.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, June 3rd. Morgan Stanley upped their target price on shares of Dollar General from $132.00 to $145.00 and gave the company an "equal weight" rating in a research report on Friday, August 28th. Wolfe Research reaffirmed an "outperform" rating and set a $143.00 target price on shares of Dollar General in a research note on Thursday, August 13th. UBS Group reaffirmed a "buy" rating on shares of Dollar General in a research note on Wednesday, May 27th. Finally, Freedom Capital cut shares of Dollar General from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 2nd. Ten investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $135.46.

Dollar General Trading Down 1.3%

Shares of NYSE DG opened at $122.94 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $27.12 billion, a PE ratio of 15.99, a PEG ratio of 1.70 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 stock has a fifty day simple moving average of $123.66 and a 200-day simple moving average of $121.64.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, August 27th. The company reported $2.48 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.47. The company had revenue of $11.29 billion during the quarter, compared to analysts' expectations of $11.20 billion. Dollar General had a return on equity of 18.93% and a net margin of 3.90%.Dollar General's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business posted $1.86 EPS. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. On average, equities analysts forecast that Dollar General Corporation will post 7.68 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.9%. Dollar General's dividend payout ratio (DPR) is presently 30.69%.

Dollar General Profile

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

The company serves primarily rural and suburban communities, with stores located throughout the United States. Dollar General also operates related retail formats, including DG Market, DGX, and pOpshelf, which offer assortments tailored to different shopping needs and locations.

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