Danske Bank A S Makes New $11.18 Million Investment in Dollar General Corporation $DG

Danske Bank A S purchased a new position in Dollar General Corporation (NYSE:DG) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 97,139 shares of the company’s stock, valued at approximately $11,182,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Dollar General by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company’s stock worth $3,625,822,000 after acquiring an additional 412,542 shares during the period. State Street Corp lifted its holdings in shares of Dollar General by 0.5% in the 4th quarter. State Street Corp now owns 11,017,002 shares of the company’s stock worth $1,462,727,000 after acquiring an additional 53,624 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Dollar General by 35.0% in the 4th quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock worth $832,513,000 after acquiring an additional 1,624,748 shares during the last quarter. Geode Capital Management LLC increased its holdings in Dollar General by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock valued at $754,857,000 after purchasing an additional 42,936 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in Dollar General by 47.9% in the 4th quarter. AQR Capital Management LLC now owns 3,734,500 shares of the company’s stock valued at $495,830,000 after purchasing an additional 1,208,892 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Loop Capital lifted their target price on Dollar General from $110.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday, June 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $149.00 price objective on shares of Dollar General in a research report on Wednesday, June 3rd. Telsey Advisory Group decreased their target price 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. Barclays lowered their target price on Dollar General from $151.00 to $148.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Finally, Jefferies Financial Group cut their price target on Dollar General from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Ten research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Dollar General currently has an average rating of “Hold” and a consensus target price of $130.42.

Dollar General Stock Performance

Shares of DG opened at $123.11 on Friday. The stock has a 50 day moving average price of $120.34 and a 200 day moving average price of $123.95. The company has a quick ratio of 0.25, a current ratio of 1.17 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $27.16 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 1.83 and a beta of 0.23. Dollar General Corporation has a 52-week low of $95.11 and a 52-week high of $158.23.

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

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a yield of 1.9%. Dollar General’s payout ratio is 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.