Handelsbanken Fonder AB Has $32.37 Million Holdings in Dollar General Corporation $DG

Handelsbanken Fonder AB boosted its position in shares of Dollar General Corporation (NYSE:DG) by 53.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,206 shares of the company’s stock after purchasing an additional 97,888 shares during the period. Handelsbanken Fonder AB’s holdings in Dollar General were worth $32,370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Calamos Advisors LLC raised its holdings in shares of Dollar General by 32.9% in the fourth quarter. Calamos Advisors LLC now owns 245,473 shares of the company’s stock valued at $32,591,000 after purchasing an additional 60,746 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Dollar General by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock worth $754,857,000 after purchasing an additional 42,936 shares in the last quarter. Norges Bank acquired a new position in Dollar General during the fourth quarter worth $133,431,000. KBC Group NV boosted its holdings in Dollar General by 63.8% during the first quarter. KBC Group NV now owns 60,896 shares of the company’s stock worth $7,230,000 after purchasing an additional 23,710 shares during the last quarter. Finally, Pinebridge Investments LLC bought a new position in Dollar General in the fourth quarter valued at $11,864,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of DG stock opened at $120.07 on Wednesday. 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 has a fifty 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 P/E ratio of 16.98, a P/E/G ratio of 1.86 and a beta of 0.23. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23.

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

Dollar General Announces Dividend

The firm also recently announced 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. This represents a $2.36 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Tuesday, July 7th. Dollar General’s payout ratio is currently 33.38%.

Analysts Set New Price Targets

DG has been the topic of several recent research reports. Raymond James Financial reiterated an “outperform” rating and issued a $145.00 price target on shares of Dollar General in a research note on Wednesday, June 3rd. Oppenheimer decreased their price objective on Dollar General from $170.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Loop Capital lifted their target price on Dollar General from $110.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday, June 3rd. UBS Group reiterated a “buy” rating on shares of Dollar General in a report on Wednesday, May 27th. Finally, The Goldman Sachs Group decreased their price target on Dollar General from $130.00 to $128.00 and set a “neutral” 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 given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Dollar General has a consensus rating of “Hold” and a consensus target price of $131.27.

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.