Hsbc Holdings PLC Cuts Stake in Dollar General Corporation $DG

Hsbc Holdings PLC lowered its stake in shares of Dollar General Corporation (NYSE:DG) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 470,605 shares of the company’s stock after selling 44,493 shares during the quarter. Hsbc Holdings PLC’s holdings in Dollar General were worth $62,557,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in DG. Calamos Advisors LLC grew its stake in shares of Dollar General by 32.9% during the 4th quarter. Calamos Advisors LLC now owns 245,473 shares of the company’s stock worth $32,591,000 after acquiring an additional 60,746 shares during the period. Park Capital Management LLC WI bought a new stake in Dollar General in the 4th quarter valued at about $1,245,000. Geode Capital Management LLC raised its stake in Dollar General by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock valued at $754,857,000 after acquiring an additional 42,936 shares during the period. Norges Bank purchased a new stake in Dollar General during the fourth quarter valued at about $133,431,000. Finally, Westpac Banking Corp boosted its position in Dollar General by 765.2% during the third quarter. Westpac Banking Corp now owns 9,197 shares of the company’s stock worth $951,000 after purchasing an additional 8,134 shares during the period. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

DG has been the subject of several recent research reports. Raymond James Financial reiterated an “outperform” rating and issued a $145.00 target price on shares of Dollar General in a research note on Wednesday, June 3rd. Loop Capital upped their price target on shares of Dollar General from $110.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, June 3rd. Morgan Stanley cut their price objective on shares of Dollar General from $150.00 to $132.00 and set an “equal weight” rating for the company in a report on Wednesday, June 3rd. Citigroup reduced their price objective on shares of Dollar General from $138.00 to $116.00 and set a “neutral” rating for the company in a research note on Wednesday, June 3rd. Finally, Gordon Haskett cut shares of Dollar General from a “buy” rating to a “hold” rating and lowered their target price for the company from $140.00 to $110.00 in a report on Friday, May 22nd. Ten equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $131.27.

Dollar General Trading Down 0.8%

Shares of DG opened at $112.52 on Tuesday. The business’s 50-day moving average price is $112.18 and its 200-day moving average price is $129.27. Dollar General Corporation has a twelve month low of $95.11 and a twelve month high of $158.23. The stock has a market cap of $24.82 billion, a PE ratio of 15.92, a P/E/G ratio of 1.72 and a beta of 0.26. The company has a quick ratio of 0.25, a current ratio of 1.17 and a debt-to-equity ratio of 0.52.

Dollar General (NYSE:DG) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $2.00 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 company had revenue of $10.79 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same period last year, the business earned $1.78 earnings per share. Dollar General’s revenue 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. On average, equities analysts forecast that Dollar General Corporation will post 7.38 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, July 7th. Dollar General’s dividend payout ratio (DPR) is presently 33.38%.

Dollar General Company 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.