Dollar General Corporation $DG Shares Sold by Mattern Capital Management LLC

Mattern Capital Management LLC decreased its holdings in Dollar General Corporation (NYSE:DG) by 56.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,716 shares of the company’s stock after selling 7,490 shares during the quarter. Mattern Capital Management LLC’s holdings in Dollar General were worth $679,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Life Cycle Investment Partners Ltd bought a new stake in shares of Dollar General during the fourth quarter valued at about $363,299,000. AQR Capital Management LLC grew its position in Dollar General by 416.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock valued at $259,759,000 after buying an additional 2,036,573 shares in the last quarter. Bessemer Group Inc. grew its position in Dollar General by 24,882.5% in the 4th quarter. Bessemer Group Inc. now owns 1,694,315 shares of the company’s stock valued at $224,953,000 after buying an additional 1,687,533 shares in the last quarter. Morgan Stanley increased its stake in Dollar General by 35.0% during the 4th quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock valued at $832,513,000 after buying an additional 1,624,748 shares during the period. Finally, SG Americas Securities LLC increased its stake in Dollar General by 2,208.2% during the 1st quarter. SG Americas Securities LLC now owns 1,554,918 shares of the company’s stock valued at $184,615,000 after buying an additional 1,487,554 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

Shares of DG opened at $120.15 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25. The firm’s 50 day moving average is $111.30 and its 200-day moving average is $127.76. Dollar General Corporation has a 12-month low of $95.11 and a 12-month high of $158.23. The stock has a market capitalization of $26.50 billion, a P/E ratio of 16.99, a P/E/G ratio of 1.88 and a beta of 0.25.

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

Dollar General Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DG. Truist Financial upped their price target on shares of Dollar General from $109.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, June 2nd. HSBC lowered their price objective on shares of Dollar General from $141.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, June 3rd. Barclays dropped their target price on Dollar General from $151.00 to $148.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. UBS Group restated a “buy” rating on shares of Dollar General in a research report on Wednesday, May 27th. Finally, Citigroup decreased their price target on Dollar General from $138.00 to $116.00 and set a “neutral” rating for the company in a research note 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Dollar General has an average rating of “Hold” and a consensus target price of $131.27.

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.