Norges Bank Makes New Investment in Dollar General Corporation $DG

Norges Bank purchased a new stake in Dollar General Corporation (NYSE:DG) during the fourth quarter, HoldingsChannel reports. The firm purchased 1,004,980 shares of the company’s stock, valued at approximately $133,431,000.

Other large investors have also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac acquired a new stake in shares of Dollar General during the fourth quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Dollar General by 69.3% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock worth $26,000 after buying an additional 79 shares in the last quarter. Eastern Bank acquired a new stake in shares of Dollar General in the 4th quarter valued at approximately $35,000. Flagship Harbor Advisors LLC acquired a new stake in Dollar General in the fourth quarter valued at approximately $36,000. Finally, Basepoint Wealth LLC bought a new stake in Dollar General during the 4th quarter worth $39,000. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Down 1.5%

DG stock opened at $103.49 on Friday. The stock’s 50 day simple moving average is $114.17 and its 200 day simple moving average is $128.73. The company has a market cap of $22.83 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 1.67 and a beta of 0.26. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.22 and a current ratio of 1.17. Dollar General Corporation has a fifty-two week low of $95.11 and a fifty-two week high of $158.23.

Dollar General (NYSE:DG) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.89 by $0.11. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The firm had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. The company’s quarterly revenue 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, research analysts expect that Dollar General Corporation will post 7.31 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, July 7th. Dollar General’s dividend payout ratio (DPR) is 34.45%.

Wall Street Analyst Weigh In

DG has been the topic of several analyst reports. Raymond James Financial reissued an “outperform” rating and issued a $145.00 price objective on shares of Dollar General in a research note on Wednesday. The Goldman Sachs Group dropped their price target on Dollar General from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased their price target on Dollar General from $110.00 to $114.00 and gave the stock a “hold” rating in a report on Thursday. Wall Street Zen lowered shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Rothschild & Co Redburn dropped their target price on shares of Dollar General from $111.00 to $90.00 and set a “sell” rating on the stock in a research report on Monday, May 18th. Ten investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average target price of $131.27.

Key Headlines Impacting Dollar General

Here are the key news stories impacting Dollar General this week:

• Positive Sentiment: Dollar General’s first-quarter results were solid, with earnings per share beating estimates and management lifting its full-year outlook. The company also highlighted stronger traffic, margin expansion, inventory discipline and cost control, which supports the case that operational improvements are taking hold.
• Positive Sentiment: Yardeni Research pointed to Dollar General as one of the consumer companies that delivered strong results, noting that it attracted more six-figure households and raised its EPS target, suggesting the chain may be gaining share with higher-income shoppers as well as value-focused customers. Article: Why Walmart and Other Consumer Stocks Aren’t Getting the Gains They Deserve
• Positive Sentiment: Several analysts still see upside or remain constructive, including KeyCorp raising earnings estimates and UBS reiterating a Buy rating, indicating Wall Street is not uniformly bearish on the name.
• Neutral Sentiment: Dollar General’s stock has been in a weak stretch recently, so some of the latest headlines are reflecting a broader valuation reset rather than a fresh fundamental shock.
• Negative Sentiment: Sentiment was dented by a wave of analyst target cuts from firms including Citi, Goldman Sachs, BNP Paribas, HSBC, Evercore, Guggenheim, Telsey and Daiwa, which suggests expectations for the stock have come down even after the earnings beat.
• Negative Sentiment: Freedom Capital downgraded Dollar General from strong-buy to hold, and the stock is also facing scrutiny around the CEO exit, adding a leadership overhang at a time when investors want more clarity on the turnaround.

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.