Wellington Management Group LLP Lowers Stock Holdings in Dollar General Corporation $DG

Key Points

• Wellington Management cut its Dollar General stake by 58.3% in the second quarter, selling 35,594 shares and retaining 25,505 shares worth approximately $2.94 million.
• Institutional ownership remains high at 91.77%, although other major investors—including AQR Capital, Morgan Stanley and SG Americas—significantly increased their positions.
• Dollar General beat quarterly estimates with $2.48 in EPS and $11.29 billion in revenue, while analysts maintain a consensus “Hold” rating with an average price target of $135.46. The company also declared a quarterly dividend of $0.59 per share.

Wellington Management Group LLP lowered its stake in Dollar General Corporation (NYSE:DG - Free Report) by 58.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,505 shares of the company's stock after selling 35,594 shares during the period. Wellington Management Group LLP's holdings in Dollar General were worth $2,936,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DG. Life Cycle Investment Partners Ltd acquired a new stake in Dollar General in the fourth quarter valued at about $363,299,000. AQR Capital Management LLC raised its stake in shares of Dollar General by 416.4% during the 3rd quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company's stock worth $259,759,000 after buying an additional 2,036,573 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Dollar General by 24,882.5% in the 4th quarter. Bessemer Group Inc. now owns 1,694,315 shares of the company's stock valued at $224,953,000 after buying an additional 1,687,533 shares during the period. Morgan Stanley boosted its stake in shares of Dollar General by 35.0% in the fourth quarter. Morgan Stanley now owns 6,270,333 shares of the company's stock valued at $832,513,000 after buying an additional 1,624,748 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Dollar General by 2,208.2% in the first quarter. SG Americas Securities LLC now owns 1,554,918 shares of the company's stock valued at $184,615,000 after buying an additional 1,487,554 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DG. Telsey Advisory Group increased their price objective on Dollar General from $125.00 to $140.00 and gave the stock a "market perform" rating in a research report on Friday, August 28th. Daiwa Securities Group lowered their price target on shares of Dollar General from $136.00 to $111.00 and set a "neutral" rating on the stock in a research note on Thursday, June 4th. Weiss Ratings reiterated a "hold (c)" rating on shares of Dollar General in a report on Wednesday, July 8th. Wall Street Zen upgraded shares of Dollar General from a "hold" rating to a "buy" rating in a research note on Saturday, August 29th. Finally, Wolfe Research reissued an "outperform" rating and set a $143.00 price objective on shares of Dollar General in a report on Thursday, August 13th. Ten 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $135.46.

Dollar General Stock Down 1.3%

Dollar General stock opened at $122.94 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 1.21. The firm has a market capitalization of $27.12 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 1.70 and a beta of 0.23. Dollar General Corporation has a fifty-two week low of $95.11 and a fifty-two week high of $158.23. The stock's fifty day moving average is $123.66 and its two-hundred day moving average is $121.64.

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

Dollar General Announces Dividend

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

Dollar General Company 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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