Dollar General Corporation $DG Stock Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its holdings in shares of Dollar General Corporation (NYSE:DG) by 237.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156,255 shares of the company’s stock after acquiring an additional 109,992 shares during the quarter. Retirement Systems of Alabama owned approximately 0.07% of Dollar General worth $18,685,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its holdings in Dollar General by 6.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,868,239 shares of the company’s stock valued at $340,546,000 after acquiring an additional 167,546 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Dollar General by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,800,145 shares of the company’s stock valued at $332,443,000 after purchasing an additional 75,323 shares during the period. Royal Bank of Canada increased its position in Dollar General by 0.8% during the 1st quarter. Royal Bank of Canada now owns 2,723,506 shares of the company’s stock valued at $323,362,000 after purchasing an additional 20,366 shares during the period. ACR Alpine Capital Research LLC raised its holdings in Dollar General by 0.6% in the 3rd quarter. ACR Alpine Capital Research LLC now owns 1,737,618 shares of the company’s stock worth $207,784,000 after purchasing an additional 10,319 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Dollar General in the 2nd quarter worth $162,412,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DG shares. Piper Sandler raised their target price on shares of Dollar General from $118.00 to $123.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Oppenheimer reiterated an “outperform” rating and set a $150.00 price target on shares of Dollar General in a research report on Tuesday, August 25th. Argus increased their price target on shares of Dollar General from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Raymond James Financial reissued an “outperform” rating and issued a $150.00 price target on shares of Dollar General in a research note on Friday, August 28th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $160.00 price objective on shares of Dollar General in a report on Friday, August 28th. Thirteen research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $137.96.

Dollar General Stock Performance

Dollar General stock opened at $137.34 on Thursday. Dollar General Corporation has a twelve month low of $99.50 and a twelve month high of $158.23. The company has a quick ratio of 0.31, a current ratio of 1.21 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $30.30 billion, a P/E ratio of 17.86, a PEG ratio of 1.83 and a beta of 0.19. The stock’s 50 day moving average is $128.16 and its 200 day moving average is $125.64.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 27th. The company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.47. Dollar General had a return on equity of 18.93% and a net margin of 3.90%. The business had revenue of $11.29 billion during the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter in the previous year, the business earned $1.86 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. On average, equities research analysts predict that Dollar General Corporation will post 7.70 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, October 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.7%. Dollar General’s dividend payout ratio (DPR) is presently 30.69%.

Dollar General Profile

Dollar General Corporation is an American discount retailer that operates neighborhood stores offering everyday essentials at value-oriented prices. Its merchandise includes food and household supplies, cleaning products, health and beauty items, seasonal goods, apparel, and home products, with a mix of national brands and private-label products. The company traces its roots to J.L. Turner & Son, a family-owned business established in 1939. The first store operating under the Dollar General name opened in Springfield, Kentucky, in 1955.