Here’s Why Dollar General Corporation (DG) Outperformed in the Second Quarter

Aristotle Capital Management, LLC, an investment management company, released its “Aristotle Core Equity Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, the fund returned -17.49% at NAV, underperforming the S&P 500 Index, which returned -16.10%. The underperformance of the fund was attributed to the stock selection. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Aristotle Capital discussed stocks like Dollar General Corporation (NYSE:DG) in the second quarter 2022 investor letter. Headquartered in Goodlettsville, Tennessee, Dollar General Corporation (NYSE:DG) is a discount retailer. On October 7, 2022, Dollar General Corporation (NYSE:DG) stock closed at $239.50 per share. One-month return of Dollar General Corporation (NYSE:DG) was -3.09% and its shares gained 14.16% of their value over the last 52 weeks. Dollar General Corporation (NYSE:DG) has a market capitalization of $54.024 billion.

Here is what Aristotle Capital specifically said about Dollar General Corporation (NYSE:DG) in its Q2 2022 investor letter:

Dollar General Corporation (NYSE:DG) contributed to performance in the second quarter following the report of first quarter earnings that were above expectations. Strength in the second quarter was driven by better-than-expected sales of consumable items. Guidance for the remainder of the year was increased. In addition to solid earnings, forecasts for the increasing expectations of a recession drove positive sentiment towards consumer discretionary companies with more predictable revenue like dollar stores.”

Dollar General Corp. (NYSE:DG), Logo, Car, Automobile, City, Cup, Bristol

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Dollar General Corporation (NYSE:DG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 51 hedge fund portfolios held Dollar General Corporation (NYSE:DG) at the end of the second quarter which was 53 in the previous quarter.

We discussed Dollar General Corporation (NYSE:DG) in another article and shared the best seasonal stocks to invest in. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.