Cetera Investment Advisers Trims Holdings in Dollar General Corporation $DG

Cetera Investment Advisers reduced its stake in Dollar General Corporation (NYSE:DG) by 14.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 116,750 shares of the company’s stock after selling 18,944 shares during the quarter. Cetera Investment Advisers’ holdings in Dollar General were worth $13,862,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Dollar General by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company’s stock valued at $3,625,822,000 after purchasing an additional 412,542 shares during the last quarter. State Street Corp lifted its stake in Dollar General by 0.5% during the fourth quarter. State Street Corp now owns 11,017,002 shares of the company’s stock worth $1,462,727,000 after purchasing an additional 53,624 shares in the last quarter. Morgan Stanley lifted 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 purchasing an additional 1,624,748 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Dollar General by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock worth $754,857,000 after buying an additional 42,936 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Dollar General by 47.9% during the fourth quarter. AQR Capital Management LLC now owns 3,734,500 shares of the company’s stock worth $495,830,000 after buying an additional 1,208,892 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 2.1%

Dollar General stock opened at $128.63 on Thursday. The firm has a market capitalization of $28.37 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.92 and a beta of 0.25. The company has a current ratio of 1.17, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52. Dollar General Corporation has a twelve month low of $95.11 and a twelve month high of $158.23. The stock’s fifty day simple moving average is $114.82 and its 200-day simple moving average is $126.59.

Dollar General (NYSE:DG) last released its earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The firm had revenue of $10.79 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same period last year, the business posted $1.78 earnings per share. Dollar General’s revenue was up 3.4% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. As a group, equities analysts expect that Dollar General Corporation will post 7.38 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a yield of 1.8%. Dollar General’s dividend payout ratio (DPR) is currently 33.38%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Gordon Haskett downgraded Dollar General from a “buy” rating to a “hold” rating and cut their price objective for the company from $140.00 to $110.00 in a report on Friday, May 22nd. Loop Capital raised their target price on Dollar General from $110.00 to $115.00 and gave the company a “hold” rating in a report on Wednesday, June 3rd. Piper Sandler dropped their target price on Dollar General from $133.00 to $118.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. Rothschild & Co Redburn cut their price target on shares of Dollar General from $111.00 to $90.00 and set a “sell” rating on the stock in a research note on Monday, May 18th. Finally, Telsey Advisory Group reduced their price target on shares of Dollar General from $140.00 to $125.00 and set a “market perform” rating on the stock in a research report on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock 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.