Patton Fund Management Inc. Has $2.88 Million Position in Dollar General Corporation $DG

Patton Fund Management Inc. lessened its holdings in Dollar General Corporation (NYSE:DG) by 63.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 24,253 shares of the company’s stock after selling 42,239 shares during the period. Patton Fund Management Inc.’s holdings in Dollar General were worth $2,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Border to Coast Pensions Partnership Ltd lifted its stake in Dollar General by 14.3% during the first quarter. Border to Coast Pensions Partnership Ltd now owns 387,729 shares of the company’s stock worth $46,176,000 after purchasing an additional 48,563 shares during the period. Pictet Asset Management Holding SA boosted its holdings in Dollar General by 13.0% during the first quarter. Pictet Asset Management Holding SA now owns 139,741 shares of the company’s stock valued at $16,590,000 after purchasing an additional 16,115 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Dollar General by 1.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 18,024 shares of the company’s stock valued at $2,140,000 after purchasing an additional 175 shares during the period. OLD National Bancorp IN grew its stake in shares of Dollar General by 0.3% in the 1st quarter. OLD National Bancorp IN now owns 93,637 shares of the company’s stock valued at $11,118,000 after purchasing an additional 286 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Dollar General in the 1st quarter worth approximately $1,330,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DG shares. Truist Financial raised their target price on Dollar General from $109.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. Evercore dropped their price objective on Dollar General from $145.00 to $140.00 in a research note on Wednesday, June 3rd. Telsey Advisory Group cut their price objective on Dollar General from $140.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, June 3rd. Citigroup cut their price objective on Dollar General from $138.00 to $116.00 and set a “neutral” rating for the company in a report on Wednesday, June 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dollar General in a report on Friday, April 10th. Ten investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $131.27.

Dollar General Stock Down 0.1%

Shares of DG opened at $119.45 on Monday. The company has a market capitalization of $26.35 billion, a P/E ratio of 16.90, a PEG ratio of 1.82 and a beta of 0.26. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23. The business’s 50 day simple moving average is $112.07 and its 200-day simple moving average is $129.12.

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

Dollar General Dividend Announcement

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 $0.59 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.0%. Dollar General’s dividend payout ratio (DPR) is 33.38%.

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.