Nordea Investment Management AB Increases Stake in Dollar General Corporation $DG

Nordea Investment Management AB raised its stake in Dollar General Corporation (NYSE:DG) by 1,384.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 308,823 shares of the company’s stock after acquiring an additional 288,026 shares during the quarter. Nordea Investment Management AB owned approximately 0.14% of Dollar General worth $41,472,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DG. AQR Capital Management LLC lifted its stake in shares of Dollar General by 416.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock valued at $259,759,000 after purchasing an additional 2,036,573 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Dollar General by 116.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock valued at $310,538,000 after acquiring an additional 1,458,093 shares during the period. Norges Bank purchased a new position in shares of Dollar General in the 2nd quarter valued at about $154,371,000. Laurel Wealth Advisors LLC increased its stake in shares of Dollar General by 10,936.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,204,193 shares of the company’s stock valued at $137,736,000 after purchasing an additional 1,193,282 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Dollar General by 845.0% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,178,232 shares of the company’s stock worth $134,766,000 after purchasing an additional 1,053,555 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

DG opened at $125.06 on Tuesday. The firm has a market capitalization of $27.53 billion, a PE ratio of 18.26, a PEG ratio of 2.01 and a beta of 0.23. Dollar General Corporation has a twelve month low of $81.67 and a twelve month high of $158.23. The firm’s 50-day moving average price is $145.75 and its 200 day moving average price is $124.55. 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 (NYSE:DG) last released its quarterly earnings data on Thursday, March 12th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.36. Dollar General had a net margin of 3.54% and a return on equity of 18.66%. The company had revenue of $10.91 billion during the quarter, compared to the consensus estimate of $10.78 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. Dollar General’s quarterly revenue was up 5.9% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.100-7.35 EPS. As a group, sell-side analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, April 7th. Dollar General’s dividend payout ratio (DPR) is currently 34.45%.

Analyst Ratings Changes

DG has been the subject of a number of recent analyst reports. Piper Sandler boosted their price objective on Dollar General from $132.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, March 13th. Argus increased their target price on Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. UBS Group reiterated a “buy” rating and set a $163.00 target price on shares of Dollar General in a research report on Monday, March 16th. Deutsche Bank Aktiengesellschaft raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a report on Thursday, January 8th. Finally, Wolfe Research restated an “outperform” rating and set a $165.00 price objective on shares of Dollar General in a research report on Thursday, March 12th. Fourteen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $145.33.

About Dollar General

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.