SEB Asset Management AB Purchases New Shares in Dollar General Corporation $DG

SEB Asset Management AB acquired a new stake in Dollar General Corporation (NYSE:DG) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 50,742 shares of the company’s stock, valued at approximately $6,025,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Dollar General by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock worth $2,314,000 after purchasing an additional 1,185 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Dollar General by 12.3% in the first quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock valued at $919,000 after buying an additional 1,148 shares during the last quarter. Woodline Partners LP lifted its position in Dollar General by 40.7% during the 1st quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock worth $1,634,000 after buying an additional 5,373 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Dollar General during the 2nd quarter worth about $211,000. Finally, Jump Financial LLC bought a new stake in Dollar General during the 2nd quarter worth about $209,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Trading Down 2.4%

Shares of NYSE DG opened at $120.28 on Thursday. The company’s 50 day simple moving average is $113.04 and its 200 day simple moving average is $127.28. Dollar General Corporation has a fifty-two week low of $95.11 and a fifty-two week high of $158.23. The firm has a market capitalization of $26.53 billion, a P/E ratio of 17.01, a P/E/G ratio of 1.87 and a beta of 0.25. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. The firm had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same period last year, the firm earned $1.78 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. On average, analysts predict that Dollar General Corporation will post 7.38 EPS for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th were given a $0.59 dividend. 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 dividend payout ratio (DPR) is currently 33.38%.

Analysts Set New Price Targets

Several research firms have weighed in on DG. The Goldman Sachs Group lowered their price objective on shares of Dollar General from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. Evercore reduced their target price on shares of Dollar General from $145.00 to $140.00 in a research report on Wednesday, June 3rd. Raymond James Financial reissued an “outperform” rating and set a $145.00 price target on shares of Dollar General in a research note on Wednesday, June 3rd. Freedom Capital cut shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Piper Sandler decreased their price objective on Dollar General from $133.00 to $118.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 3rd. Ten investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.