Hsbc Holdings PLC Sells 44,493 Shares of Dollar General Corporation $DG

Hsbc Holdings PLC reduced its position in shares of Dollar General Corporation (NYSE:DG) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing 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 owned about 0.21% of Dollar General worth $62,557,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Employees Provident Fund Board bought a new position in shares of Dollar General in the 4th quarter worth $77,783,000. Caitong International Asset Management Co. Ltd increased its stake in Dollar General by 4,550.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company’s stock valued at $25,000 after purchasing an additional 182 shares in the last quarter. Reflection Asset Management acquired a new position in Dollar General during the fourth quarter worth $28,000. Sankala Group LLC acquired a new position in Dollar General during the fourth quarter worth $681,000. Finally, Wick Capital Partners LLC bought a new position in shares of Dollar General in the fourth quarter valued at $206,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DG. Oppenheimer decreased their target price on shares of Dollar General from $170.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Sanford C. Bernstein reiterated an “outperform” rating and set a $149.00 price target on shares of Dollar General in a research note on Wednesday, June 3rd. KeyCorp reissued a “sector weight” rating on shares of Dollar General in a report on Friday, March 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Dollar General in a research note on Friday, April 10th. Finally, Wolfe Research restated an “outperform” rating and issued a $165.00 target price on shares of Dollar General in a report on Thursday, March 12th. Ten investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $131.27.

Dollar General Stock Down 0.8%

Dollar General stock opened at $112.52 on Tuesday. Dollar General Corporation has a fifty-two week low of $95.11 and a fifty-two week high of $158.23. The stock has a market cap of $24.82 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 1.72 and a beta of 0.26. The firm’s 50-day simple moving average is $112.18 and its 200 day simple moving average is $129.27. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping 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 business had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the prior year, the firm posted $1.78 EPS. The firm’s quarterly 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. Research analysts predict that Dollar General Corporation will post 7.38 EPS for the current fiscal year.

Dollar General Dividend Announcement

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

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.