248,250 Shares in Dollar General Corporation $DG Purchased by Strs Ohio

Strs Ohio bought a new position in shares of Dollar General Corporation (NYSE:DG) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 248,250 shares of the company’s stock, valued at approximately $28,395,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Field & Main Bank raised its holdings in Dollar General by 41.1% during the second quarter. Field & Main Bank now owns 1,545 shares of the company’s stock worth $177,000 after acquiring an additional 450 shares in the last quarter. Savvy Advisors Inc. acquired a new stake in Dollar General in the second quarter valued at $228,000. Assetmark Inc. lifted its stake in Dollar General by 22.2% in the second quarter. Assetmark Inc. now owns 37,839 shares of the company’s stock valued at $4,328,000 after acquiring an additional 6,882 shares during the last quarter. Templeton & Phillips Capital Management LLC lifted its stake in Dollar General by 0.8% in the second quarter. Templeton & Phillips Capital Management LLC now owns 90,808 shares of the company’s stock valued at $10,387,000 after acquiring an additional 698 shares during the last quarter. Finally, HBK Sorce Advisory LLC acquired a new stake in Dollar General in the second quarter valued at $250,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of NYSE DG opened at $99.43 on Friday. The firm has a market cap of $21.89 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $117.95. The business’s 50 day moving average is $104.53 and its 200-day moving average is $105.08.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping 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 quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Evercore ISI cut their price target on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating for the company in a research note on Tuesday, October 7th. Wolfe Research initiated coverage on Dollar General in a research note on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price objective on the stock. Raymond James Financial upped their price objective on Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Sanford C. Bernstein upped their price objective on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, JPMorgan Chase & Co. upped their price objective on Dollar General from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dollar General has a consensus rating of “Hold” and an average price target of $115.64.

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.