Danske Bank A S Invests $11.18 Million in Dollar General Corporation $DG

Key Points

• Danske Bank purchased 97,139 shares of Dollar General worth approximately $11.18 million, while institutional investors collectively own 91.77% of the company.
• Analyst sentiment is mixed, with 10 Buy, 18 Hold, and 1 Sell rating. The stock has a consensus rating of Hold and an average price target of $130.42.
• Dollar General beat quarterly earnings expectations with $2.00 in EPS versus $1.89 expected, while revenue rose 3.4% year over year to $10.79 billion. The company also maintains a quarterly dividend of $0.59 per share, yielding about 1.9% annually.

Danske Bank A S purchased a new stake in Dollar General Corporation (NYSE:DG - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 97,139 shares of the company's stock, valued at approximately $11,182,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fideuram Asset Management Ireland dac purchased a new position in Dollar General during the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Dollar General by 4,550.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company's stock worth $25,000 after purchasing an additional 182 shares during the last quarter. Evergreen Advisors LLC bought a new stake in Dollar General during the 1st quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in Dollar General by 69.3% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company's stock valued at $26,000 after buying an additional 79 shares during the period. Finally, Reflection Asset Management bought a new position in Dollar General in the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DG shares. Freedom Capital downgraded shares of Dollar General from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 2nd. Sanford C. Bernstein restated an "outperform" rating and issued a $149.00 price objective on shares of Dollar General in a report on Wednesday, June 3rd. Piper Sandler cut their target price on shares of Dollar General from $133.00 to $118.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 3rd. Raymond James Financial reaffirmed an "outperform" rating and set a $145.00 target price on shares of Dollar General in a research report on Wednesday, June 3rd. Finally, Guggenheim lowered their price target on shares of Dollar General from $160.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, June 3rd. Ten investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $130.42.

Dollar General Price Performance

Shares of DG opened at $123.11 on Friday. 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's fifty day moving average price is $120.34 and its 200-day moving average price is $123.95. Dollar General Corporation has a 1-year low of $95.11 and a 1-year high of $158.23. The firm has a market capitalization of $27.16 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.83 and a beta of 0.23.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Tuesday, June 2nd. The company reported $2.00 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.11. The firm 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 was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 earnings per share. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. On average, equities research analysts predict that Dollar General Corporation will post 7.38 EPS for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.9%. Dollar General's dividend payout ratio (DPR) is presently 33.38%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source