South Dakota Investment Council Trims Stock Position in Dollar General Corporation $DG

Key Points

• South Dakota Investment Council cut its Dollar General stake by 55.9% in the first quarter, selling 75,771 shares and retaining 59,855 shares valued at approximately $7.1 million. Institutional investors collectively own 91.77% of the company.
• Dollar General reported quarterly earnings of $2.00 per share, exceeding estimates of $1.89, while revenue rose 3.4% year over year to $10.79 billion, slightly below expectations.
• Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $131.27. Shares recently traded at $127.72, while the company maintains a quarterly dividend of $0.59 per share, yielding about 1.8%.

South Dakota Investment Council lessened its stake in Dollar General Corporation (NYSE:DG - Free Report) by 55.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,855 shares of the company's stock after selling 75,771 shares during the quarter. South Dakota Investment Council's holdings in Dollar General were worth $7,107,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DG. Parkside Financial Bank & Trust raised its position in Dollar General by 9.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 808 shares of the company's stock valued at $107,000 after acquiring an additional 69 shares in the last quarter. BOKF NA boosted its position in Dollar General by 15.2% in the 4th quarter. BOKF NA now owns 554 shares of the company's stock worth $74,000 after purchasing an additional 73 shares in the last quarter. Strata Wealth Advisors LLC grew its stake in shares of Dollar General by 3.3% during the 4th quarter. Strata Wealth Advisors LLC now owns 2,367 shares of the company's stock worth $314,000 after purchasing an additional 75 shares during the period. Optimize Financial Inc grew its stake in shares of Dollar General by 1.4% during the 4th quarter. Optimize Financial Inc now owns 5,550 shares of the company's stock worth $737,000 after purchasing an additional 76 shares during the period. Finally, Frank Rimerman Advisors LLC increased its holdings in shares of Dollar General by 1.7% during the 4th quarter. Frank Rimerman Advisors LLC now owns 4,628 shares of the company's stock valued at $614,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Price Performance

Shares of NYSE DG opened at $127.72 on Friday. The firm has a market cap of $28.17 billion, a PE ratio of 18.06, a PEG ratio of 1.96 and a beta of 0.25. The firm has a fifty day moving average of $115.27 and a 200 day moving average of $126.48. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.11. The company had revenue of $10.79 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 earnings per share. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. As a group, research analysts predict that Dollar General Corporation will post 7.38 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, July 7th. Dollar General's dividend payout ratio is 33.38%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DG shares. Jefferies Financial Group decreased their target price on shares of Dollar General from $155.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, June 3rd. UBS Group reaffirmed a "buy" rating on shares of Dollar General in a report on Wednesday, May 27th. Loop Capital lifted their price objective on shares of Dollar General from $110.00 to $115.00 and gave the company a "hold" rating in a report on Wednesday, June 3rd. Citigroup decreased their price objective on shares of 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, Deutsche Bank Aktiengesellschaft increased their target price on shares of Dollar General from $110.00 to $114.00 and gave the stock a "hold" rating in a research note on Thursday, June 4th. Ten equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $131.27.

About Dollar General

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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