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

Patton Fund Management Inc. trimmed its stake in Dollar General Corporation (NYSE:DG) by 63.5% during the first quarter, according to its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Fideuram Asset Management Ireland dac bought a new position in shares of Dollar General in the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Dollar General by 4,550.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company’s stock worth $25,000 after buying an additional 182 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Dollar General by 69.3% during the 4th 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 during the period. Reflection Asset Management acquired a new position in Dollar General in the 4th quarter valued at $28,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Dollar General in the 4th quarter valued at $31,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Morgan Stanley cut their target price on shares of Dollar General from $150.00 to $132.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. BNP Paribas Exane lowered their price target on Dollar General from $144.00 to $113.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Dollar General in a research note on Friday, April 10th. Barclays cut their price objective on Dollar General from $151.00 to $148.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Finally, Daiwa Securities Group decreased their target price on Dollar General from $136.00 to $111.00 and set a “neutral” rating for the company in a research note on Thursday, June 4th. Ten investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Dollar General has an average rating of “Hold” and a consensus price target of $131.27.

Dollar General Price Performance

Shares of Dollar General stock opened at $119.45 on Monday. 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 company has a market cap of $26.35 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.82 and a beta of 0.26. The firm has a fifty day moving average price of $112.07 and a two-hundred day moving average price of $129.12. Dollar General Corporation has a fifty-two week low of $95.11 and a fifty-two week high of $158.23.

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

Dollar General Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, July 7th. Dollar General’s payout ratio is currently 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.