Teacher Retirement System of Texas Boosts Position in Dollar General Corporation $DG

Teacher Retirement System of Texas boosted its holdings in shares of Dollar General Corporation (NYSE:DG) by 3.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,402 shares of the company’s stock after buying an additional 1,250 shares during the quarter. Teacher Retirement System of Texas’ holdings in Dollar General were worth $3,821,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. grew its stake in shares of Dollar General by 5,440.2% during the 1st quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company’s stock worth $139,155,000 after purchasing an additional 1,554,004 shares during the period. Royal Bank of Canada grew its stake in shares of Dollar General by 251.6% during the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock worth $178,983,000 after purchasing an additional 1,456,549 shares during the period. Vanguard Group Inc. grew its stake in shares of Dollar General by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock worth $2,324,271,000 after purchasing an additional 1,201,917 shares during the period. Pzena Investment Management LLC grew its stake in shares of Dollar General by 8.5% during the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company’s stock worth $1,122,914,000 after purchasing an additional 1,003,206 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Dollar General during the 1st quarter worth approximately $41,798,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Price Performance

Dollar General stock opened at $98.68 on Friday. The company’s fifty day moving average price is $104.25 and its 200 day moving average price is $105.14. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. The stock has a market capitalization of $21.72 billion, a P/E ratio of 18.27, a P/E/G ratio of 2.10 and a beta of 0.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. The company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, equities research analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were issued a $0.59 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a yield of 2.4%. Dollar General’s dividend payout ratio (DPR) is presently 43.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DG shares. Guggenheim reaffirmed a “buy” rating and set a $125.00 price objective on shares of Dollar General in a research note on Friday, August 29th. Piper Sandler raised their price objective on shares of Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Wolfe Research started coverage on shares of Dollar General in a research note on Thursday, September 18th. They set an “outperform” rating and a $139.00 price objective on the stock. Loop Capital raised their price objective on shares of Dollar General from $110.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, July 10th. Finally, Raymond James Financial lifted their price target on shares of Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and an average target price of $115.64.

About Dollar General

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.