Dollar General Corporation $DG Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ cut its holdings in shares of Dollar General Corporation (NYSE:DG) by 49.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,074 shares of the company’s stock after selling 41,088 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Dollar General were worth $4,812,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DG. Elevation Point Wealth Partners LLC acquired a new stake in Dollar General during the 2nd quarter worth $25,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Dollar General in the second quarter valued at about $26,000. Hantz Financial Services Inc. boosted its stake in shares of Dollar General by 46.8% during the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock worth $50,000 after buying an additional 140 shares during the period. MTM Investment Management LLC purchased a new position in shares of Dollar General during the second quarter worth about $51,000. Finally, Harbor Investment Advisory LLC increased its position in Dollar General by 35.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after acquiring an additional 128 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Price Performance

Dollar General stock opened at $109.36 on Monday. The company has a market cap of $24.07 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95. The business has a fifty day moving average of $102.24 and a two-hundred day moving average of $106.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same period in the prior year, the company posted $1.70 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DG. Telsey Advisory Group reaffirmed a “market perform” rating and set a $123.00 price objective on shares of Dollar General in a research report on Wednesday, November 26th. Gordon Haskett cut their price target on Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. JPMorgan Chase & Co. lifted their price objective on shares of Dollar General from $109.00 to $115.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. UBS Group boosted their price objective on shares of Dollar General from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Finally, Guggenheim restated a “buy” rating and set a $125.00 price objective on shares of Dollar General in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $118.14.

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.