Norges Bank Buys Shares of 1,349,632 Dollar General Corporation $DG

Norges Bank bought a new position in shares of Dollar General Corporation (NYSE:DG) during the second quarter, HoldingsChannel reports. The fund bought 1,349,632 shares of the company’s stock, valued at approximately $154,371,000.

A number of other large investors also recently modified their holdings of DG. Elevation Point Wealth Partners LLC acquired a new stake in shares of Dollar General during the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Dollar General during the second quarter valued at about $26,000. Hantz Financial Services Inc. grew its holdings in shares of Dollar General by 46.8% during the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock worth $50,000 after purchasing an additional 140 shares during the last quarter. MTM Investment Management LLC bought a new stake in shares of Dollar General during the second quarter worth about $51,000. Finally, Harbor Investment Advisory LLC increased its stake in shares of Dollar General by 35.2% in the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after buying an additional 128 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DG. UBS Group boosted their target price on shares of Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Barclays lifted their price target on shares of Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Evercore ISI increased their price objective on Dollar General from $100.00 to $105.00 and gave the company an “in-line” rating in a report on Tuesday. Morgan Stanley upped their price target on Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Finally, Gordon Haskett decreased their price target on Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $117.82.

Dollar General Stock Up 0.7%

Shares of NYSE:DG opened at $110.14 on Wednesday. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The business’s 50-day moving average is $102.52 and its 200-day moving average is $107.05. The company has a market capitalization of $24.24 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 2.69 and a beta of 0.27.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.