Bessemer Group Inc. Trims Stake in Dollar General Corporation $DG

Bessemer Group Inc. lowered its position in Dollar General Corporation (NYSE:DG) by 33.9% in the first quarter, HoldingsChannel reports. The fund owned 1,120,430 shares of the company’s stock after selling 573,885 shares during the quarter. Bessemer Group Inc.’s holdings in Dollar General were worth $133,028,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Dollar General by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock worth $2,314,000 after buying an additional 1,185 shares in the last quarter. NewEdge Advisors LLC boosted its position in Dollar General by 12.3% during the first quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock worth $919,000 after acquiring an additional 1,148 shares during the last quarter. Woodline Partners LP raised its holdings in Dollar General by 40.7% in the 1st quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock valued at $1,634,000 after acquiring an additional 5,373 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Dollar General in the 2nd quarter worth approximately $211,000. Finally, Jump Financial LLC acquired a new position in shares of Dollar General during the 2nd quarter worth approximately $209,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DG. Telsey Advisory Group cut their price objective on shares of Dollar General from $140.00 to $125.00 and set a “market perform” rating for the company in a research report on Wednesday, June 3rd. Wall Street Zen downgraded Dollar General from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Raymond James Financial reiterated an “outperform” rating and set a $145.00 price target on shares of Dollar General in a report on Wednesday, June 3rd. Sanford C. Bernstein restated an “outperform” rating and issued a $149.00 price objective on shares of Dollar General in a report on Wednesday, June 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dollar General in a research report on Wednesday, July 8th. Ten analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $131.27.

Dollar General Trading Down 1.0%

Shares of Dollar General stock opened at $125.92 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52. The company has a fifty day simple moving average of $111.86 and a 200-day simple moving average of $127.58. The stock has a market cap of $27.78 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 1.93 and a beta of 0.25. Dollar General Corporation has a 12-month low of $95.11 and a 12-month high of $158.23.

Dollar General (NYSE:DG) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.89 by $0.11. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The company had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. The firm’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. On average, equities analysts forecast that Dollar General Corporation will post 7.38 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $2.36 annualized dividend and a yield of 1.9%. Dollar General’s payout ratio is currently 33.38%.

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.