Dollar General Corporation $DG Shares Bought by KBC Group NV

KBC Group NV lifted its position in shares of Dollar General Corporation (NYSE:DG) by 63.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 60,896 shares of the company’s stock after acquiring an additional 23,710 shares during the period. KBC Group NV’s holdings in Dollar General were worth $7,230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DG. SEB Asset Management AB acquired a new position in Dollar General during the first quarter worth about $6,025,000. Swiss National Bank lifted its holdings in shares of Dollar General by 7.1% in the first quarter. Swiss National Bank now owns 646,000 shares of the company’s stock valued at $76,700,000 after purchasing an additional 42,800 shares in the last quarter. Hanseatic Management Services Inc. acquired a new stake in shares of Dollar General in the first quarter valued at approximately $293,000. Crescent Grove Advisors LLC acquired a new stake in shares of Dollar General in the first quarter valued at approximately $237,000. Finally, Kinsale Capital Group Inc. increased its stake in shares of Dollar General by 5.0% during the 1st quarter. Kinsale Capital Group Inc. now owns 66,306 shares of the company’s stock worth $7,872,000 after purchasing an additional 3,169 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Down 2.4%

DG stock opened at $120.28 on Thursday. The company has a 50 day moving average price of $113.04 and a two-hundred day moving average price of $127.28. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17. The stock has a market capitalization of $26.53 billion, a P/E ratio of 17.01, a PEG ratio of 1.87 and a beta of 0.25. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The company had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the prior year, the company posted $1.78 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. As a group, sell-side analysts expect 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. Investors of record on Tuesday, July 7th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, July 7th. This represents a $2.36 annualized dividend and a yield of 2.0%. Dollar General’s dividend payout ratio is 33.38%.

Analyst Ratings Changes

Several brokerages recently issued reports on DG. Deutsche Bank Aktiengesellschaft lifted their price objective on Dollar General from $110.00 to $114.00 and gave the stock a “hold” rating in a research report on Thursday, June 4th. BNP Paribas Exane dropped their price target on Dollar General from $144.00 to $113.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $149.00 price target on shares of Dollar General in a report on Wednesday, June 3rd. Telsey Advisory Group reduced their price objective on Dollar General from $140.00 to $125.00 and set a “market perform” rating on the stock in a research report on Wednesday, June 3rd. Finally, Evercore decreased their price objective on Dollar General from $145.00 to $140.00 in a research note on Wednesday, June 3rd. Ten research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.