Dollar General Corporation $DG Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its holdings in Dollar General Corporation (NYSE:DG) by 2.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,427 shares of the company’s stock after selling 6,425 shares during the quarter. California State Teachers Retirement System owned about 0.12% of Dollar General worth $31,395,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DG. Life Cycle Investment Partners Ltd acquired a new stake in Dollar General in the fourth quarter worth about $363,299,000. AQR Capital Management LLC raised its position in shares of Dollar General by 416.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock valued at $259,759,000 after purchasing an additional 2,036,573 shares during the last quarter. Bessemer Group Inc. boosted its stake in Dollar General by 24,882.5% in the 4th quarter. Bessemer Group Inc. now owns 1,694,315 shares of the company’s stock worth $224,953,000 after purchasing an additional 1,687,533 shares in the last quarter. Morgan Stanley grew its position in Dollar General by 35.0% during the 4th quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock worth $832,513,000 after purchasing an additional 1,624,748 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Dollar General by 2,208.2% during the 1st quarter. SG Americas Securities LLC now owns 1,554,918 shares of the company’s stock valued at $184,615,000 after purchasing an additional 1,487,554 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Price Performance

Shares of NYSE DG opened at $127.24 on Friday. The stock has a market capitalization of $28.07 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.94 and a beta of 0.25. Dollar General Corporation has a 12 month low of $95.11 and a 12 month high of $158.23. The firm’s 50 day simple moving average is $115.70 and its 200-day simple moving average is $126.49. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25.

Dollar General (NYSE:DG) last posted its earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.11. Dollar General had a net margin of 3.63% and a return on equity of 18.65%. The firm had revenue of $10.79 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same period in the previous year, the firm earned $1.78 EPS. The business’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. Analysts expect that Dollar General Corporation will post 7.38 EPS for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th were given a $0.59 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.9%. Dollar General’s dividend payout ratio is 33.38%.

Analysts Set New Price Targets

DG has been the subject of several research reports. Raymond James Financial reiterated an “outperform” rating and set a $145.00 price objective on shares of Dollar General in a research note on Wednesday, June 3rd. BNP Paribas Exane lowered their price target on Dollar General from $144.00 to $113.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. Morgan Stanley cut their price objective on Dollar General from $150.00 to $132.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Dollar General in a research note on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Dollar General from $110.00 to $114.00 and gave the company a “hold” rating in a research report on Thursday, June 4th. Ten analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $131.27.

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.