Illinois Municipal Retirement Fund Grows Position in Dollar General Corporation $DG

Illinois Municipal Retirement Fund increased its holdings in shares of Dollar General Corporation (NYSE:DG) by 597.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,852 shares of the company’s stock after purchasing an additional 128,360 shares during the quarter. Illinois Municipal Retirement Fund owned 0.07% of Dollar General worth $17,140,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. ProShare Advisors LLC lifted its holdings in shares of Dollar General by 22.0% in the 2nd quarter. ProShare Advisors LLC now owns 40,475 shares of the company’s stock worth $4,630,000 after acquiring an additional 7,293 shares during the last quarter. Efficient Advisors LLC purchased a new stake in Dollar General in the second quarter valued at approximately $509,000. Cincinnati Financial Corp lifted its stake in Dollar General by 181.8% during the second quarter. Cincinnati Financial Corp now owns 155,000 shares of the company’s stock worth $17,729,000 after purchasing an additional 100,000 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Dollar General by 7.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 428,848 shares of the company’s stock worth $49,052,000 after buying an additional 29,788 shares during the period. Finally, Aviva PLC boosted its position in shares of Dollar General by 1,196.0% during the second quarter. Aviva PLC now owns 106,405 shares of the company’s stock worth $12,171,000 after buying an additional 98,195 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of DG stock opened at $99.27 on Monday. The company has a market cap of $21.85 billion, a P/E ratio of 18.38, a PEG ratio of 2.10 and a beta of 0.30. The firm has a fifty day moving average price of $103.05 and a 200 day moving average price of $105.52. 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 12 month low of $66.43 and a 12 month high of $117.95.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same period in the previous year, the business earned $1.70 EPS. Dollar General’s revenue for the quarter was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Sell-side analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

Several equities analysts have weighed in on DG shares. Piper Sandler lifted their target price on Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Raymond James Financial lifted their price objective on shares of Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Guggenheim reiterated a “buy” rating and set a $125.00 target price on shares of Dollar General in a report on Friday, August 29th. UBS Group raised their price target on shares of Dollar General from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company increased their price objective on Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average price target 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.