Swedbank AB Has $19.33 Million Holdings in Dollar General Corporation $DG

Key Points

• Swedbank AB has reduced its holdings in Dollar General Corporation by 4.3%, bringing its ownership to approximately $19.33 million or 0.08% of the company's stock.
• Dollar General reported a strong earnings per share (EPS) of $1.86 for the last quarter, surpassing analyst expectations and indicating a 5.1% increase in revenue compared to the same period last year.
• The company declared a quarterly dividend of $0.59 per share, with an annualized yield of 2.3%, demonstrating a solid return to shareholders.

Swedbank AB decreased its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,983 shares of the company's stock after selling 7,631 shares during the period. Swedbank AB owned about 0.08% of Dollar General worth $19,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in DG. Ameriflex Group Inc. acquired a new stake in Dollar General in the fourth quarter valued at approximately $31,000. Mountain Hill Investment Partners Corp. grew its holdings in Dollar General by 66.7% in the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after purchasing an additional 200 shares during the period. Golden State Wealth Management LLC grew its holdings in Dollar General by 170.1% in the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after purchasing an additional 342 shares during the period. CVA Family Office LLC grew its holdings in shares of Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after buying an additional 161 shares during the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in Dollar General during the fourth quarter worth about $52,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Stock Performance

DG opened at $102.09 on Friday. The company's 50 day moving average is $109.84 and its 200 day moving average is $101.59. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The company has a market cap of $22.47 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 2.15 and a beta of 0.29. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.30. The company had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, equities research analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 annualized dividend and a yield of 2.3%. Dollar General's payout ratio is currently 43.70%.

Analysts Set New Price Targets

Several brokerages have commented on DG. Wolfe Research started coverage on shares of Dollar General in a research report on Thursday. They issued an "outperform" rating and a $139.00 price objective on the stock. The Goldman Sachs Group lowered shares of Dollar General from a "buy" rating to a "neutral" rating and upped their target price for the stock from $115.00 to $116.00 in a report on Tuesday, June 24th. Cfra Research raised shares of Dollar General to a "hold" rating in a research note on Tuesday, June 3rd. Raymond James Financial upped their price objective on shares of Dollar General from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Finally, Barclays upped their price objective on shares of Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $114.52.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

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