Assetmark Inc. Decreases Stock Holdings in Dollar General Corporation $DG

Assetmark Inc. lessened its position in shares of Dollar General Corporation (NYSE:DG) by 9.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,934 shares of the company’s stock after selling 5,080 shares during the quarter. Assetmark Inc.’s holdings in Dollar General were worth $5,929,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DG. Fideuram Asset Management Ireland dac purchased a new position in shares of Dollar General during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Dollar General by 4,550.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company’s stock valued at $25,000 after acquiring an additional 182 shares in the last quarter. Evergreen Advisors LLC acquired a new position in Dollar General during the first quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in Dollar General by 69.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock worth $26,000 after buying an additional 79 shares in the last quarter. Finally, Reflection Asset Management purchased a new stake in shares of Dollar General in the 4th quarter valued at approximately $28,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Down 1.2%

DG stock opened at $123.28 on Wednesday. The company has a 50 day moving average price of $112.67 and a two-hundred day moving average price of $127.36. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23. The stock has a market capitalization of $27.19 billion, a P/E ratio of 17.44, a PEG ratio of 1.90 and a beta of 0.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17.

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, topping the consensus estimate of $1.89 by $0.11. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. The business had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same period last year, the company earned $1.78 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. As a group, sell-side analysts expect that Dollar General Corporation will post 7.38 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, July 7th. Dollar General’s dividend payout ratio (DPR) is presently 33.38%.

Wall Street Analyst Weigh In

Several research firms have recently commented on DG. Truist Financial raised their price target on Dollar General from $109.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. BNP Paribas Exane cut their price objective on shares of Dollar General from $144.00 to $113.00 and set a “neutral” rating on the stock in a report on Wednesday, June 3rd. HSBC cut their target price on shares of Dollar General from $141.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, June 3rd. Citigroup decreased their price objective on Dollar General from $138.00 to $116.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. Finally, Telsey Advisory Group cut their price target on shares of Dollar General from $140.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, June 3rd. Ten investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.