Pictet Asset Management Holding SA Cuts Position in Dollar General Corporation $DG

Pictet Asset Management Holding SA trimmed its holdings in shares of Dollar General Corporation (NYSE:DG) by 30.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 123,626 shares of the company’s stock after selling 54,788 shares during the period. Pictet Asset Management Holding SA’s holdings in Dollar General were worth $16,418,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Cornerstone Investment Partners LLC grew its stake in shares of Dollar General by 0.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 582,896 shares of the company’s stock worth $77,391,000 after buying an additional 2,685 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in Dollar General by 1.5% in the fourth quarter. Verdence Capital Advisors LLC now owns 48,858 shares of the company’s stock worth $6,487,000 after acquiring an additional 701 shares in the last quarter. Carmel Capital Partners LLC boosted its holdings in Dollar General by 49.6% in the fourth quarter. Carmel Capital Partners LLC now owns 28,210 shares of the company’s stock worth $3,745,000 after acquiring an additional 9,353 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Dollar General by 25.3% in the fourth quarter. Sanctuary Advisors LLC now owns 25,802 shares of the company’s stock worth $3,426,000 after acquiring an additional 5,206 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Dollar General by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company’s stock valued at $3,625,822,000 after acquiring an additional 412,542 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DG shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.00 price target on shares of Dollar General in a research report on Thursday, March 12th. Weiss Ratings restated a “hold (c)” rating on shares of Dollar General in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a report on Thursday, January 8th. Sanford C. Bernstein cut their price target on shares of Dollar General from $150.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. Finally, Piper Sandler raised their price target on shares of Dollar General from $132.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, March 13th. Thirteen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $146.54.

Dollar General Stock Performance

Shares of NYSE DG opened at $114.49 on Friday. The firm’s 50-day moving average price is $130.04 and its 200-day moving average price is $127.59. The company has a quick ratio of 0.22, a current ratio of 1.13 and a debt-to-equity ratio of 0.54. The company has a market cap of $25.21 billion, a PE ratio of 16.71, a PEG ratio of 1.87 and a beta of 0.28. Dollar General Corporation has a 52-week low of $86.25 and a 52-week high of $158.23.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 12th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.36. The firm had revenue of $10.91 billion during the quarter, compared to analysts’ expectations of $10.78 billion. Dollar General had a net margin of 3.54% and a return on equity of 18.66%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 earnings per share. Dollar General has set its FY 2026 guidance at 7.100-7.35 EPS. As a group, analysts anticipate that Dollar General Corporation will post 7.29 EPS for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 7th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, April 7th. Dollar General’s dividend payout ratio is presently 34.45%.

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.