Swedbank AB raised its position in shares of Dollar General Corporation (NYSE:DG – Free Report) by 133.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 406,198 shares of the company’s stock after purchasing an additional 232,384 shares during the quarter. Swedbank AB’s holdings in Dollar General were worth $53,931,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in DG. Root Financial Partners LLC acquired a new stake in Dollar General during the 3rd quarter valued at approximately $26,000. Eastern Bank bought a new position in shares of Dollar General during the 4th quarter worth approximately $35,000. Flagship Harbor Advisors LLC bought a new position in shares of Dollar General during the 4th quarter worth approximately $36,000. First Horizon Corp boosted its holdings in shares of Dollar General by 74.4% during the 4th quarter. First Horizon Corp now owns 340 shares of the company’s stock worth $45,000 after buying an additional 145 shares in the last quarter. Finally, Rialto Wealth Management LLC boosted its holdings in shares of Dollar General by 427.3% during the 4th quarter. Rialto Wealth Management LLC now owns 348 shares of the company’s stock worth $46,000 after buying an additional 282 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.
Dollar General Stock Performance
NYSE DG opened at $105.69 on Monday. The company has a market cap of $23.28 billion, a P/E ratio of 15.43, a PEG ratio of 1.72 and a beta of 0.28. The company has a fifty day simple moving average of $117.98 and a 200 day simple moving average of $128.40. The company has a current ratio of 1.13, a quick ratio of 0.22 and a debt-to-equity ratio of 0.54. Dollar General Corporation has a 12-month low of $95.11 and a 12-month high of $158.23.
Dollar General Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, April 7th. This represents a $2.36 annualized dividend and a yield of 2.2%. Dollar General’s dividend payout ratio is presently 34.45%.
More Dollar General News
Here are the key news stories impacting Dollar General this week:
- Negative Sentiment: Loop Capital slashed its price target on Dollar General to $110 from $145 and kept a hold rating, signaling more limited upside than before. MarketScreener
- Negative Sentiment: Gordon Haskett downgraded Dollar General from buy to hold and lowered its target to $110 from $140, adding to concerns that valuation and growth may be less compelling. MarketScreener
- Negative Sentiment: HSBC cut long-term earnings forecasts for Dollar General across several future years, including FY2028 through FY2031, indicating analysts expect slower profit growth than previously modeled. MarketBeat
- Negative Sentiment: KeyCorp also trimmed its FY2027 earnings estimate for Dollar General, reinforcing a cautious outlook ahead of upcoming results and guidance. MarketBeat
Analyst Upgrades and Downgrades
DG has been the topic of a number of research analyst reports. Evercore cut their price target on Dollar General from $145.00 to $144.00 in a report on Tuesday, March 3rd. KeyCorp restated a “sector weight” rating on shares of Dollar General in a report on Friday, March 13th. Sanford C. Bernstein cut their price target on Dollar General from $150.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. Rothschild & Co Redburn cut their price target on Dollar General from $111.00 to $90.00 and set a “sell” rating on the stock in a report on Monday, May 18th. Finally, Wolfe Research restated an “outperform” rating and set a $165.00 price target on shares of Dollar General in a report on Thursday, March 12th. Twelve analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $141.12.
Read Our Latest Stock Analysis on Dollar General
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.
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