Tevis Investment Management Sells 8,963 Shares of Dollar General Corporation $DG

Tevis Investment Management lowered its position in shares of Dollar General Corporation (NYSE:DG) by 53.8% in the first quarter, HoldingsChannel reports. The fund owned 7,692 shares of the company’s stock after selling 8,963 shares during the period. Tevis Investment Management’s holdings in Dollar General were worth $913,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Dollar General by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock valued at $2,314,000 after purchasing an additional 1,185 shares in the last quarter. NewEdge Advisors LLC lifted its position in Dollar General by 12.3% during the 1st quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock worth $919,000 after buying an additional 1,148 shares in the last quarter. Woodline Partners LP boosted its stake in shares of Dollar General by 40.7% during the 1st quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock worth $1,634,000 after buying an additional 5,373 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Dollar General during the 2nd quarter worth about $211,000. Finally, Jump Financial LLC bought a new position in shares of Dollar General in the 2nd quarter valued at about $209,000. 91.77% of the stock is owned by institutional investors.

Dollar General Trading Down 0.0%

Shares of NYSE:DG opened at $118.91 on Monday. Dollar General Corporation has a 52-week low of $95.11 and a 52-week high of $158.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17. The company has a market capitalization of $26.23 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.81 and a beta of 0.25. The company has a 50-day simple moving average of $111.09 and a 200 day simple moving average of $127.94.

Dollar General (NYSE:DG) last announced its quarterly earnings results 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 firm had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The business’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 earnings per share. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Sell-side analysts forecast that Dollar General Corporation will post 7.38 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, July 7th. Dollar General’s payout ratio is currently 33.38%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Citigroup dropped their target price on Dollar General from $138.00 to $116.00 and set a “neutral” rating on the stock in a report on Wednesday, June 3rd. Freedom Capital downgraded Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Wall Street Zen lowered Dollar General from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Truist Financial increased their price objective on Dollar General from $109.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, June 2nd. Finally, UBS Group reissued a “buy” rating on shares of Dollar General in a research note on Wednesday, May 27th. Ten research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $131.27.

Dollar General Company 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.