Handelsbanken Fonder AB Purchases 97,888 Shares of Dollar General Corporation $DG

Handelsbanken Fonder AB grew its holdings in Dollar General Corporation (NYSE:DG - Free Report) by 53.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 281,206 shares of the company's stock after purchasing an additional 97,888 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.13% of Dollar General worth $32,370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of DG. Fideuram Asset Management Ireland dac acquired a new stake in Dollar General during the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Dollar General by 4,550.0% in the 4th 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 acquired a new stake in shares of Dollar General during the first quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Dollar General by 69.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company's stock valued at $26,000 after purchasing an additional 79 shares during the last quarter. Finally, Reflection Asset Management acquired a new position in Dollar General in the fourth quarter valued at about $28,000. 91.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DG shares. Evercore decreased their target price on Dollar General from $145.00 to $140.00 in a research report on Wednesday, June 3rd. Citigroup cut their price target on shares of Dollar General from $138.00 to $116.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 3rd. Sanford C. Bernstein reissued an "outperform" rating and set a $149.00 price objective on shares of Dollar General in a research note on Wednesday, June 3rd. Gordon Haskett cut shares of Dollar General from a "buy" rating to a "hold" rating and decreased their price objective for the company from $140.00 to $110.00 in a report on Friday, May 22nd. Finally, HSBC lowered their target price on shares of Dollar General from $141.00 to $125.00 and set a "hold" rating for the company in a research note on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $131.27.

Dollar General Stock Down 1.9%

NYSE:DG opened at $120.07 on Wednesday. Dollar General Corporation has a 1 year low of $95.11 and a 1 year high of $158.23. The stock has a 50-day moving average price of $118.26 and a two-hundred day moving average price of $125.16. The stock has a market cap of $26.49 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.86 and a beta of 0.23. The company has a current ratio of 1.17, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly 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. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The company had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same quarter last year, the firm posted $1.78 earnings per share. Dollar General's revenue was up 3.4% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. As a group, equities analysts expect that Dollar General Corporation will post 7.38 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, July 7th. Dollar General's dividend payout ratio (DPR) is 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.

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