Equitable Trust Co. Sells 10,866 Shares of Dollar General Corporation $DG

Equitable Trust Co. lessened its position in shares of Dollar General Corporation (NYSE:DG) by 5.1% during the 1st quarter, HoldingsChannel reports. The fund owned 203,316 shares of the company’s stock after selling 10,866 shares during the quarter. Dollar General accounts for about 1.1% of Equitable Trust Co.’s investment portfolio, making the stock its 18th largest holding. Equitable Trust Co.’s holdings in Dollar General were worth $24,140,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. increased its position in Dollar General by 3.6% in the first quarter. Resona Asset Management Co. Ltd. now owns 79,202 shares of the company’s stock worth $9,392,000 after purchasing an additional 2,759 shares during the period. Burney Co. acquired a new position in Dollar General during the 1st quarter valued at about $1,000,000. Swedbank AB lifted its position in Dollar General by 49.8% during the 1st quarter. Swedbank AB now owns 608,408 shares of the company’s stock valued at $72,236,000 after purchasing an additional 202,210 shares during the period. Integrated Advisors Network LLC bought a new position in shares of Dollar General in the 1st quarter valued at about $225,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Dollar General by 8.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 67,503 shares of the company’s stock valued at $8,439,000 after purchasing an additional 5,242 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DG. Jefferies Financial Group dropped their price target on shares of Dollar General from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. The Goldman Sachs Group reduced their price objective on shares of Dollar General from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 3rd. Oppenheimer lowered their target price on shares of Dollar General from $170.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Rothschild & Co Redburn dropped their target price on shares of Dollar General from $111.00 to $90.00 and set a “sell” rating for the company in a research report on Monday, May 18th. Finally, Daiwa Securities Group cut their price target on Dollar General from $136.00 to $111.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Ten analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $131.27.

Dollar General Stock Performance

DG stock opened at $115.83 on Friday. Dollar General Corporation has a 1-year low of $95.11 and a 1-year high of $158.23. 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 firm has a market cap of $25.55 billion, a PE ratio of 16.38, a P/E/G ratio of 1.75 and a beta of 0.25. The business’s 50-day moving average price is $110.99 and its two-hundred day moving average price is $128.07.

Dollar General (NYSE:DG) last announced its quarterly 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. The company had revenue of $10.79 billion during 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 company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 earnings per share. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. As a group, research analysts forecast that Dollar General Corporation will post 7.38 earnings per share for the current year.

Dollar General Dividend Announcement

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