Fjarde AP Fonden Fourth Swedish National Pension Fund Has $2.40 Million Holdings in Dollar General Corporation $DG

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in shares of Dollar General Corporation (NYSE:DG) by 17.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,234 shares of the company’s stock after selling 5,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Dollar General were worth $2,395,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its position in Dollar General by 12.0% during the 1st quarter. Russell Investments Group Ltd. now owns 1,470,009 shares of the company’s stock worth $129,241,000 after acquiring an additional 157,479 shares during the period. Prudential PLC raised its stake in shares of Dollar General by 14.2% during the 1st quarter. Prudential PLC now owns 12,549 shares of the company’s stock worth $1,103,000 after purchasing an additional 1,556 shares in the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of Dollar General by 11.4% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 70,891 shares of the company’s stock worth $6,213,000 after purchasing an additional 7,234 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Dollar General by 393.2% during the 1st quarter. HighTower Advisors LLC now owns 222,688 shares of the company’s stock worth $19,581,000 after purchasing an additional 177,539 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its stake in shares of Dollar General by 8.3% during the 1st quarter. Public Sector Pension Investment Board now owns 29,781 shares of the company’s stock worth $2,619,000 after purchasing an additional 2,293 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Dollar General in a research note on Tuesday, June 3rd. Morgan Stanley raised their price target on Dollar General from $85.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 4th. Guggenheim raised their price target on Dollar General from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Truist Financial set a $119.00 price target on Dollar General and gave the stock a “hold” rating in a research note on Wednesday, August 13th. Finally, Barclays raised their price target on Dollar General from $100.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Sixteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $108.80.

Dollar General Price Performance

Shares of NYSE:DG opened at $112.62 on Monday. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $126.98. The firm has a market capitalization of $24.78 billion, a PE ratio of 21.49, a PEG ratio of 2.76 and a beta of 0.31. The business’s 50 day moving average is $112.08 and its 200-day moving average is $95.70. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The company had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same quarter last year, the firm earned $1.65 EPS. Dollar General’s revenue for the quarter was up 5.3% compared to the same quarter last year. Sell-side analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $2.36 annualized dividend and a yield of 2.1%. Dollar General’s payout ratio is currently 45.04%.

Insider Buying and Selling at Dollar General

In related news, EVP Emily C. Taylor sold 1,969 shares of the business’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the sale, the executive vice president owned 46,563 shares of the company’s stock, valued at $5,261,619. The trade was a 4.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the sale, the executive vice president directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

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.